Saratoga Investment stock analysis
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Saratoga Investment (SAR) Stock Price & Analysis
SAR Stock Chart & Stats
- Day’s Range
- $11.44 - $11.83
- 52-Week Range
- $11.44 - $24.07
- Previous Close
- $11.65
- Volume
- N/A
- Average Volume (3M)
- 180.58K
- Market Cap
- $181.27M
- Enterprise Value
- $1.09B
- Total Cash (Recent Filing)
- $95.87M
- Total Debt (Recent Filing)
- $886.15M
- Price to Earnings (P/E)
- ―
- Beta
- 0.53
- Next Earnings
- Jan 12, 2027 (Est.)
- EPS Estimate
- 0.49
- Next Dividend Ex-Date
- Dec 03, 2026
- Dividend Yield
- 28.33%
Bulls Say, Bears Say
Bulls Say
Asset Growth And Origination
Growing assets and positive net originations indicate continued demand for Saratoga’s middle-market financing. A larger portfolio can expand recurring interest income and management fees, while new relationships broaden the sourcing base and support future investment activity.
Portfolio Quality And Diversification
The predominantly first-lien portfolio and broad industry distribution provide structural protection against losses concentrated in one borrower or sector. Saratoga’s stated absence of direct energy and commodities exposure further supports resilience across changing economic conditions.
Funding Flexibility
Substantial available capacity gives Saratoga room to fund investments without immediately relying on external equity or additional debt issuance. Expanded SBIC leverage and refinancing actions also strengthen the platform’s ability to support portfolio growth over multiple quarters.
Bears Say
Elevated Leverage
Persistent leverage reduces Saratoga’s financial flexibility and increases sensitivity to borrower stress, asset-value declines and funding costs. A debt-heavy balance sheet can constrain new investment capacity and make portfolio setbacks more damaging to NAV and shareholder returns.
Weak Cash Generation
Frequent negative cash generation indicates that reported profitability is not consistently converting into cash available for funding, debt service or distributions. Continued volatility may increase reliance on balance-sheet financing and weaken the durability of shareholder returns.
Earnings And Credit Pressure
Lower investment income and sizable credit markdowns pressure both distribution coverage and net asset value. The combination suggests that tighter spreads, higher financing costs and borrower-specific weakness could continue weighing on earnings power over the next several quarters.
Saratoga Investment News
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Saratoga Investment Stock Smart Score
Company Description
Saratoga Investment
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. The fund structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity. The fund prefers to invest in aerospace, automotive aftermarket and services, business products and services, consumer products and services, education, environmental services, industrial services, financial services, food and beverage, healthcare products and services, logistics, distribution, manufacturing, restaurants services, food services, software services, technology services, specialty chemical, media and telecommunications. The fund seeks to invest in the United States. The fund primarily invests between $60 million and $75 million in companies having EBITDA of $2 million or greater and revenues between $10 million and $150 million. It targets annual revenues between $8 and $250 million. The fund prefers to take a majority stake. The fund invests through direct lending as well as participation in loan syndicates.
- Sector
- Financial
- Industry
- Asset Management
- CEO
- Chris Long Oberbeck
- Employees
- 0
- Website
- www.saratogainvestmentcorp.com
- Address
- 535 Madison Avenue, Fourth Floor, New York, NY, 10022, US
Saratoga Investment (SAR) Earnings & Revenues
SAR Company Deck
SAR Earnings Call
Earnings Call SentimentNeutral
The call was mixed. Saratoga highlighted record AUM, positive originations, substantial liquidity, refinancing accomplishments, resolution of nonaccruals and strong long-term investment performance. However, current-period results were pressured by NAV declines, credit markdowns, lower adjusted NII, negative recent ROE and total return, tight spreads and higher financing costs. Management remained confident in its balance sheet, underwriting discipline and pipeline, but acknowledged a challenging and uncertain operating environment.
View all SAR earnings summariesSAR Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 6 | 0 | 16 |
| Technical Analysis | 6 | 0 | 4 |
| Moving Averages | 0 | 0 | 12 |
