SARATOGA INVESTMENT CORP. (SAR) Form 8-K — Oct 6, 2026
Saratoga Investment Corp. reported a fiscal Q2 2027 net loss of $6.7 million, or $(0.41) per share, with adjusted NII of $0.46 per share, down from $0.58 a year ago. NAV per share fell 4.6% sequentially to $22.15, driven by $13.1 million of markdowns in Madison Logic, Exigo and Chronus plus dividends in excess of earnings. Credit metrics remained comparatively solid: non-accruals were 0.0% of fair value and 1.3% of cost, 96.0% of credits were in the highest internal category, and both remaining non-accrual positions (Pepper Palace and the CLO F-Note) were sold after quarter-end.
Key figures
- Revenue
- 31169000
- Cash Position
- 95900000
- Shares Outstanding
- 15915928
- Aum
- $1.150 billion
- Ltm roe
- (1.1)%
- Repayments
- $39.0 million
- Atm program
- $300.0 million ($227.2 million sold to date)
- Originations
- $76.1 million
- Nav per share
- 22.15
- Nii per share
- 0.45
- Aum growth qoq
- 2.1%
- Clo reset size
- $350 million
- Annualized q roe
- (7.3)%
- Net originations
- $37.1 million
- Sax notes issued
- $120.8 million at 8.00% due 2031
- Total borrowings
- $902.4 million
- Quarterly dividend
- $0.75 per share
- Sat notes redeemed
- $105.5 million
- Shares repurchased
- 444124
- Adjusted nii per share
- 0.46
- Share repurchase amount
- $8.4 million
- Non accruals pct of cost
- 1.3%
- Nav accretion from buyback
- $0.09 per share
- Share repurchase avg price
- 18.91
- Nav per share prior quarter
- 23.23
- Non accruals pct of fair value
- 0.0%
AI analysis
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