Saratoga Investment Corp 8.50%
SAZ
New York Stock Exchange25.42
USD
- -
- -
CIK
0001377936
ISIN
US80349A8696
CUSIP
80349A869
Return %
Stock
S&P500
1Y
-0.63
19.25
3Y
1.07
65.11
5Y
1.68
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Chris Long Oberbeck
- Sector
- Financial Services
- Industry
- Investment - Banking & Investment Services
- Address
- 535 Madison Avenue, Fourth Floor New York NY United States of America 10022
- IPO Date
- Apr 24, 2023
- CIK
- 0001377936
- Website
- saratogainvestmentcorp.com
- Similar Companies
- Business
- Saratoga Investment Corp is a specialty finance company that provides debt financing and equity capital to middle-market companies primarily in the United States. The company focuses on originating and managing customized loans and investments including senior and unitranche leveraged loans, mezzanine debt, and equity investments. Its portfolio predominantly consists of first lien term loans, complemented by mezzanine debt and equity, supporting business ownership transitions, acquisitions, recapitalizations, and growth initiatives. Saratoga targets middle-market companies across various industries and partners with business owners and financial sponsors to provide tailored financing solutions. Founded in 2007 and headquartered in New York, Saratoga Investment operates as a publicly traded business development company (BDC) listed on the NYSE under the ticker SAR. The firm manages a portfolio valued near $1 billion and maintains a strong focus on risk-adjusted returns through active portfolio management and selective investment origination. Its investment strategy centers on providing capital to companies generally with EBITDA between $10 million and $150 million. In recent developments, Saratoga Investment has reported net positive originations with an expanding portfolio, highlighted by the addition of new portfolio companies in the latest quarters. The company also announced a new $85 million credit facility with Valley National Bank to replace an existing $65 million facility, reflecting a strategic enhancement of its liquidity and funding capacity. Saratoga’s management emphasizes maintaining robust portfolio performance amid macroeconomic fluctuations, with a focus on increasing portfolio size and quality. Additionally, the company declared monthly dividends at $0.25 per share, reflecting a dividend yield of approximately 13.3% annualized. Its recent financial disclosures show steady net asset value growth, reduced leverage, and a portfolio primarily invested in first lien loans, underscoring its conservative risk management approach. Saratoga Investment Corp 8.50% notes (Ticker: SAZ) represent fixed-income instruments issued by the company, contributing to its capital structure financing strategy. As a specialty finance firm, Saratoga’s operations and financial management are instrumental in supporting its business development investment activities and shareholder returns. The company continues to focus on expanding its investment portfolio in the middle market, leveraging its expertise in credit risk and capital allocation to drive financial performance and shareholder value in a competitive market environment.