Saratoga Investment Corp. (SAR)
NYSE NYSE Primary 
ASE 
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.
Saratoga Investment (SAR) Q2 Earnings and Revenues Lag Estimates
Saratoga Investment (SAR) came out with quarterly earnings of $0.58 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $1.33 per share a year ago.
Saratoga Investment Corp (SAR) Q1 2026 Earnings Call Transcript
Saratoga Investment Corp (NYSE:SAR ) Q1 2026 Earnings Conference Call July 9, 2025 10:00 AM ET Company Participants Christian Long Oberbeck - Chairman, President & CEO Henri J. Steenkamp - Chief Compliance Officer, Secretary, Treasurer, CFO & Director Michael Joseph Grisius - Co-Managing Partner & Chief Investment Officer Conference Call Participants Erik Edward Zwick - Lucid Capital Markets, LLC, Research Division Robert James Dodd - Raymond James & Associates, Inc., Research Division Operator Good morning, ladies and gentlemen.
Saratoga Investment (SAR) Q1 Earnings and Revenues Lag Estimates
Saratoga Investment (SAR) came out with quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $1.05 per share a year ago.
Saratoga Investment: Q1 Earnings May Be Weaker Than Anticipated
I maintain my hold rating on Saratoga Investment due to limited growth catalysts and a challenging high interest rate environment suppressing valuation. SAR stock's attractive 12.1% dividend yield supports total returns, but current net investment income does not fully cover payouts, risking NAV decline. Heavy reliance on debt and increased competition in private credit limit SAR's ability to grow its portfolio until interest rates decline.
All You Need to Know About Saratoga Investment (SAR) Rating Upgrade to Buy
Saratoga Investment (SAR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Should Value Investors Buy Saratoga Investment Corp (SAR) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Saratoga Investment: Needs To Improve New Investment Activity And Reduce Debt (Rating Downgrade)
Saratoga Investment aims for attractive total returns through a diverse debt investment portfolio and has recently outperformed the S&P 500. SAR's Q4 earnings report provides an opportunity to reassess its valuation, risk profile, and dividend sustainability. Monitoring SAR's non-accrual rate is crucial for evaluating its risk profile, as non-accruals impact overall portfolio quality and earnings.
Saratoga Investment Corp (SAR) Q4 2025 Earnings Call Transcript
Saratoga Investment Corp (NYSE:SAR ) Q4 2025 Earnings Conference Call May 8, 2025 1:00 PM ET Company Participants Henri Steenkamp - Chief Financial & Chief Compliance Officer Christian Oberbeck - Chairman & Chief Executive Officer Michael Grisius - Chief Investment Officer Conference Call Participants Erik Zwick - Lucid Capital Markets Sean-Paul Adams - B. Riley Securities Casey Alexander - Compass Point Research Robert Dodd - Raymond James Mick Schleien - Ladenburg Operator Good morning, ladies and gentlemen.
Saratoga Investment (SAR) Lags Q4 Earnings and Revenue Estimates
Saratoga Investment (SAR) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.94 per share a year ago.
