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Last $16.87 USD
Change Today +0.04 / 0.24%
Volume 2.4K
SAR On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

saratoga investment corp (SAR) Snapshot

Open
$16.94
Previous Close
$16.83
Day High
$17.02
Day Low
$16.83
52 Week High
07/20/15 - $18.00
52 Week Low
12/18/14 - $13.56
Market Cap
94.3M
Average Volume 10 Days
19.3K
EPS TTM
$1.74
Shares Outstanding
5.6M
EX-Date
07/30/15
P/E TM
9.7x
Dividend
$1.32
Dividend Yield
11.86%
Current Stock Chart for SARATOGA INVESTMENT CORP (SAR)

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saratoga investment corp (SAR) Details

Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity. It seeks to invest in the United States. The firm primarily invests $3 million to $15 million in companies having EBITDA of $2 million or greater and revenues of $10 million to $100 million. It invests through direct lending as well as participation in loan syndicates. The firm was formerly known as GSC Investment Corp. Saratoga Investment Corp. is based in New York, New York with an additional office in Florham Park, New Jersey.

saratoga investment corp (SAR) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

saratoga investment corp (SAR) Key Developments

Saratoga Investment Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 31, 2015

Saratoga Investment Corp. announced unaudited consolidated earnings results for the first quarter ended May 31, 2015. For the fiscal quarter ended May 31, 2015, the company reported net investment income of $1.8 million, or $0.33 on a weighted average per share basis, and a net gain on investments of $5.6 million, or $1.03 on a weighted average per share basis, resulting in a net increase in net assets from operations of $7.4 million, or $1.36 on a weighted average per share basis. The $5.6 million net gain on investments was comprised largely of $5.5 million in net unrealized gains on investments and $0.1 million in net realized gains. This compared to the fiscal quarter ended May 31, 2014 with net investment income of $2.1 million, or $0.38 on a weighted average per share basis, and a net loss on investments of $0.3 million, or $0.06 on a weighted average per share basis, resulting in a net increase in net assets from operations of $1.8 million, or $0.33 on a weighted average per share basis. Adjusted for the incentive fee accrual related to net unrealized capital gains, the net investment income was $2.9 million and $2.2 million for the quarters ended May 31, 2015 and 2014, respectively. The increase in adjusted net investment income of $0.7 million for the quarter ended May 31, 2015 as compared to the same period last year, is primarily due to higher investment income, which has increased to $7.6 million for the quarter ended May 31, 2015 from $6.1 million for the quarter ended May 31, 2014. This increased investment income was generated from an investment base that has grown by 20% since the same quarter last year. Return on equity was 24.0% for the same quarter. Total interest income was $6,931,121 against $5,602,160 a year ago. NAV per share was $22.75 as of May 31, 2015, compared to $22.70 as of February 28, 2015.

Saratoga Investment Corp. Declares Dividend for the Quarter Ended May 31, 2015, Payable on August 31, 2015, Announces Special Dividend

On July 8, 2015, Saratoga Investment's Board of Directors declared a dividend to shareholders of $0.33 per share for the quarter ended May 31, 2015, payable on August 31, 2015 to all stockholders of record at the close of business on August 3, 2015. Shareholders have the option to receive payment of the dividend in cash, or receive shares of common stock pursuant to the company's dividend reinvestment plan (DRIP), which Saratoga Investment adopted in conjunction with the new dividend policy, and provides for the reinvestment of dividends on behalf of its stockholders. The company announced special dividend of $1.00 per share.

Saratoga Investment Corp. to Report Q1, 2016 Results on Jul 15, 2015

Saratoga Investment Corp. announced that they will report Q1, 2016 results at 5:00 PM, Eastern Standard Time on Jul 15, 2015

 

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Industry Analysis

SAR

Industry Average

Valuation SAR Industry Range
Price/Earnings 5.5x
Price/Sales 3.2x
Price/Book 0.7x
Price/Cash Flow 5.7x
TEV/Sales NM Not Meaningful
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