Quarterly ResultOct 6, 2026, 04:11 PM
Saratoga Investment Q2 FY27 AUM $1.15B; NAV/Share Declines to $22.15
AI Summary
Saratoga Investment Corp. announced its financial results for the fiscal second quarter ended August 31, 2026. The company reported a 2.1% sequential increase in Assets Under Management (AUM) to $1.150 billion, but Net Asset Value (NAV) per share declined to $22.15. Total investment income rose year-over-year to $31.2 million, while Net Investment Income (NII) per share decreased to $0.45. The company highlighted share repurchases that accreted NAV by $0.09 per share and maintained low non-accrual investments. Strategic actions included issuing an $85.0 million SAX baby bond and refinancing a CLO.
Key Highlights
- Saratoga Investment Corp. reported Q2 FY2027 AUM of $1.150 billion, a 2.1% sequential increase.
- Net Asset Value (NAV) per share decreased to $22.15 from $23.23 in the prior quarter.
- Total investment income for the quarter was $31.2 million, up 2.0% year-over-year.
- Net Investment Income (NII) per share was $0.45, down from $0.58 in the prior year's quarter.
- The company repurchased 444,124 shares at a discount to NAV, resulting in $0.09 per share NAV accretion.
- Non-accrual investments remained low at 0.0% of fair value and 1.3% of cost.
- Originated $76.1 million in investments, with $37.1 million in net originations.
- Declared a quarterly dividend of $0.75 per share for Q3 FY2027.
Price Impact
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