Saratoga Investment Corp 7.25%
SAK
New York Stock Exchange25.20
USD
-0.01
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Saratoga Investment Corp 7.25%
SAK
(New York Stock Exchange)
Recent
price
25.20
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Saratoga Investment Corp is a specialty finance business development company focused on providing customized financing solutions to United States middle-market companies. The company primarily invests in senior and unitranche leveraged loans, mezzanine debt, and equity to finance change of ownership transactions, strategic acquisitions, recapitalizations, and growth initiatives. Its core financing products include subordinated debt, first and second lien loans, one-stop and unitranche credit structures, and equity co-investments. Saratoga targets middle-market businesses across diverse industries including manufacturing, restaurants and food services, software and technology services, specialty chemicals, media and telecommunications, aerospace, automotive aftermarket and services, consumer products and services, education, environmental and industrial services, financial services, healthcare products, logistics, and distribution. Founded in 2006 and headquartered in New York, Saratoga operates through a permanent capital base supplemented by a Small Business Investment Company-licensed subsidiary and a $400 million collateralized loan obligation (CLO) fund. The company leverages these funding sources to deliver flexible capital structures tailored to business owners, financial sponsors, and management teams. In recent developments, Saratoga reported a portfolio asset base exceeding $1.1 billion with a significant increase in portfolio yield to 12.7% driven by predominantly first lien floating rate assets. The firm also experienced 45% growth in investment income year-over-year as of fiscal 2024, supported by elevated interest rates and asset expansion. Additionally, Saratoga launched new investments totaling approximately $140 million in a recent quarter, alongside executing follow-on investments in existing portfolio companies, underscoring its active origination and portfolio management strategy. The company also announced a special dividend distribution for fiscal 2025 and continues to maintain a robust pipeline of investment opportunities while balancing market volatility. Saratoga Investment Corp’s strategy emphasizes creative capital structuring with an expeditious execution approach, aiming to generate attractive risk-adjusted returns through current income and long-term capital appreciation. The firm maintains a strong focus on high-quality underwriting standards and resilient portfolio composition, partnering closely with middle-market sponsors and operators across the United States.