Jaguar8 commented on a stock · Oct 9, 2024 04:15

NEWS ER

Saratoga Investment Corp. (NYSE: SAR) announced its fiscal second quarter 2025 financial results ending August 31, 2024.

Key highlights include:
Net Asset Value (NAV) increased to $372.1 million from $367.9 million in the prior quarter, with NAV per share rising to $27.07 from $26.85.

Net Investment Income (NII) per shareincreased to $1.33 from $1.05, driven by the reversal of interest reserves on the Knowland investment.

Total investment income grew to $43.0 million, a 21.1% year-over-year increase.

Repayments totaled $60.1 million, significantly outpacing $2.6 million in originations.

The company's cash position improved to $162.0 million, enhancing liquidity.

Dividends remained steady at $0.74 per share, supporting a 12.7% yield based on the October 7, 2024, stock price.

Return on Equity (ROE) increased to 14.4% annualized for the quarter, up from 7.2% in the previous quarter.

CEO Christian Oberbeck emphasized the company's strong performance, noting successful resolutions of key investments and a robust portfolio despite a volatile environment.

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Jaguar8

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