Sarantis S.A. (SAR)
ASE 
NYSE Primary ASE Summary
SAR Chart
Saratoga Investment Corp (SAR) Q2 2026 Earnings Call Transcript
Saratoga Investment Corp (NYSE:SAR ) Q2 2026 Earnings Call October 8, 2025 10:00 AM EDT Company Participants Henri Steenkamp - Chief Compliance Officer, Secretary, Treasurer, CFO & Director Christian Oberbeck - Chairman, President & CEO Michael Grisius - Co-Managing Partner & Chief Investment Officer Conference Call Participants Erik Zwick - Lucid Capital Markets, LLC Casey Alexander - Compass Point Research & Trading, LLC, Research Division Robert Dodd - Raymond James & Associates, Inc., Research Division Christopher Nolan - Ladenburg Thalmann & Co. Inc., Research Division Mickey Schleien - Ladenburg Thalmann & Co. Inc., Research Division Presentation Operator Good morning, ladies and gentlemen. Thank you for standing by.
Saratoga Investment Q2: Mixed Results, Good Business Model
Saratoga Investment Corp (SAR) is rated Hold for income-focused investors seeking high monthly yields from BDCs, despite recent mixed Q2 results. SAR offers a compelling 12.3% yield, a 5% DRIP discount, and has outperformed BDC sector indexes on total return over the past decade. Q2 saw declines in AUM and net interest income, but SAR remains profitable, with strong ROE and active portfolio management.
Saratoga Investment: Portfolio Remains Resilient, But Still Not A Buy
Saratoga Investment Corp maintains a resilient portfolio with low non-accruals and a focus on first lien loans, supporting its defensive positioning. SAR's Q2 earnings disappointed, with net investment income falling below the dividend payout, raising concerns about the sustainability of its 12.3% yield. The stock trades at a modest 4.35% discount to NAV, near the least attractive range in five years, limiting its current accumulation appeal.
Sarantis S.A. (SAR) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
When is the next earnings date?
Has Sarantis S.A. ever had a stock split?
Sarantis S.A. Profile
| Capital Markets Industry | Financials Sector | Christian Long Oberbeck CEO | ASE Exchange | GRS204003008 ISIN |
| US Country | - Employees | 3 Mar 2026 Last Dividend | 13 Aug 2010 Last Split | 23 Mar 2007 IPO Date |
Overview
Saratoga Investment Corp., established in 2007 and formerly known as GSC Investment Corp., is a prominent business development company that plays a crucial role in the lower end of the middle market, with its headquarters in New York, New York, and an additional office in Florham Park, New Jersey. The company excels in facilitating various financially strategic transactions including leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing. By focusing on companies situated at the lower end of the middle market spectrum, Saratoga Investment Corp. aids in nurturing and expanding businesses with significant growth potential, leveraging its vast experience and financial expertise to steer these companies towards achieving their strategic objectives.
Products and Services
Saratoga Investment Corp. provides a comprehensive array of financial products and services, specifically designed to meet the varied needs of lower middle market companies. The firm’s investment structure is highly adaptable, encompassing both debt and equity forms through:
- First and Second Lien Loans: These are forms of secured debts where Saratoga Investment Corp. holds priority claims over the collateral assets of borrowing companies. First lien loans have the highest priority in case of repayment or liquidation, followed by second lien loans.
- Mezzanine Debt: A hybrid financing option that blends elements of debt and equity financing, providing lenders with rights to convert to an equity interest in the company in case of default, usually after other senior lenders are paid.
- Co-investments and Select High Yield Bonds: Co-investments allow Saratoga Investment Corp. to partner with other investors to provide shared financing to companies, while select high yield bonds are investments in higher-risk, higher-return debt securities.
- Senior Secured Bonds and Unsecured Bonds: Senior secured bonds are backed by collateral, granting them precedence over unsecured bonds, which have no collateral backing and carry higher risk.
- Preferred and Common Equity: Investments in preferred equity offer payments with higher priority over common equity, the latter representing ownership stakes in companies with voting rights but lower priority on earnings and liquidation proceeds.
Through these varied financial instruments, Saratoga Investment Corp. supports businesses across a multitude of sectors, such as aerospace, automotive, business and consumer services, education, environmental and industrial services, financial services, food and beverage, healthcare, logistics, manufacturing, restaurants, software, technology, specialty chemical, media, and telecommunications. Targeting investments primarily within the United States, the firm seeks to deploy $5 million to $50 million in companies boasting EBITDA figures of $2 million or greater and revenues ranging from $8 million to $250 million. Saratoga Investment Corp. is not just a financier but a strategic partner, often preferring to take a majority stake in the companies it invests in. It carries out its investments through direct lending as well as by participating in loan syndicates, thereby weaving a comprehensive financial support network for burgeoning companies in the lower middle market segment.
Contact Information
