Last $15.80 USD
Change Today -0.20 / -1.25%
Volume 10.8K
SAR On Other Exchanges
Symbol
Exchange
New York
As of 11:51 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

saratoga investment corp (SAR) Snapshot

Open
$16.00
Previous Close
$16.00
Day High
$16.19
Day Low
$15.76
52 Week High
11/8/13 - $18.25
52 Week Low
05/30/14 - $14.96
Market Cap
85.0M
Average Volume 10 Days
12.0K
EPS TTM
$1.72
Shares Outstanding
5.4M
EX-Date
11/8/13
P/E TM
9.2x
Dividend
--
Dividend Yield
10.89%
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

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saratoga investment corp (SAR) Key Developments

Saratoga Investment Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 31, 2014

Saratoga Investment Corp. reported unaudited consolidated earnings results for the first quarter ended May 31, 2014. For the quarter, the company reported net investment income of $2.1 million, or $0.38 on a weighted average per share basis, and a net loss on investments of $303,000, or $0.05 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. The $303,000 net loss on investments was comprised largely of $384,697 in net unrealized depreciation on investments. This compared to the quarter ended May 31, 2013 with net investment income of $2.5 million, or $0.52 on a weighted average per share basis, and a net gain on investments of $1.3 million, or $0.28 on a weighted average per share basis, resulting in a net increase in net assets from operations of $3.8 million, or $0.80 on a weighted average per share basis. The $1.3 million net gain on investments was comprised of $0.8 million in net unrealized appreciation on investments and $0.5 million in net realized gain on investments. The reduction year-over-year is primarily due to the increased interest and debt financing expenses from the issuance of the $48.3 million notes at the end of the three months ended May 31, 2013, as well as an increased share count from the cash/stock dividend declared in fiscal year 2014. Net increase in net assets resulting from operations was $1,757,475 or $0.33 per diluted share compared to $3,799,851 or $0.80 per diluted share a year ago. Adjusted net investment income was $1,953,738 compared to $2,404,913 a year ago. Net investment income yield was 5.2% compared to 7.4% a year ago. Total interest income was $5,602,160 against $5,171,589 a year ago. Adjusted net investment income was $2,154,826 against $2,632,432 a year ago. NAV per share was $21.69 as of May 31, 2014, compared to $21.36 as of February 28, 2014. Return on equity was 6.1% for the quarter ended May 31, 2014. Adjusted net investment income yield was 7.4% against 9.5% a year ago. Adjusted net investment income per share was $0.40 against $0.56 a year ago.

Saratoga Investment Corp. to Report Q1, 2015 Results on Jul 14, 2014

Saratoga Investment Corp. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Jul 14, 2014

Saratoga Investment Corp., Q1 2015 Earnings Call, Jul 15, 2014

Saratoga Investment Corp., Q1 2015 Earnings Call, Jul 15, 2014

 

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Industry Analysis

SAR

Industry Average

Valuation SAR Industry Range
Price/Earnings 11.8x
Price/Sales 3.6x
Price/Book 0.7x
Price/Cash Flow 12.5x
TEV/Sales NM Not Meaningful
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