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Saratoga Investment Corp. (SAR)

NYSE - NYSE Delayed Price. Currency in USD
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24.98-0.96 (-3.70%)
At close: 04:00PM EDT
24.51 -0.47 (-1.88%)
Pre-Market: 07:00AM EDT
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  • R
    Roger
    Good Q1 ER for SAR (I'm not overly concerned about the $0.01 miss). I don't think this ER will make the stock rise much or drop much....status quo.

    Q4 Non-GAAP NII of $0.53 misses by $0.01.

    Total Investment Income of $19M (+17.3% Y/Y) beats by $1.39M.

    Net Asset Value was $355.8M as of February 28, 2022, an increase of $51.6M from $304.2M as of February 28, 2021.
  • R
    Roger
    Saratoga Investment declares $0.52/share quarterly dividend. That is a, 18.2% increase from the previous prior dividend of $0.44.

    Forward yield 7.59%

    Payable to shareholders on 9/28. The Ex-Dividend Date is 9/13.

    Great news for SAR investors.
  • j
    john
    NEW YORK, Jan. 08, 2020 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company, today announced financial results for its 2020 fiscal third quarter. In addition, the Company announced that its Board of Directors has declared a dividend of $0.56 per share for the fiscal quarter ended November 30, 2019, payable on February 6, 2020, to all stockholders of record at the close of business on January 24, 2020.
    Bullish
  • R
    Roger
    Saratoga Investment Non-GAAP NII of $0.53 misses by $0.01; GAAP NII of $0.45 misses by $0.09.

    Total Investment Income of $16.5M (+15.5% Y/Y) misses by $0.49M.

    As of Nov. 30, 2021, Saratoga Investment’s assets under management was $661.8 million, an increase of 21.0% from $547.0 million as of November 30, 2020, and a decrease of 0.6% from $666.1 million as of August 31, 2021.

    NAV per share was $29.17 as of November 30, 2021, compared to $28.97 as of August 31, 2021, $27.25 as of February 28, 2021, and $26.84 as of November 30, 2020.

    It wasn't much of a miss, but I'd expect they market to overreact and see the share price drop by a couple of points or more v
  • R
    Roger
    SAR declares $0.44/share quarterly dividend (2.3% increase from prior dividend of $0.43)

    Forward yield 7.08%

    Payable June 29 for shareholders of record on June 15 with the Ex-Dividend date of June 14.

    SAR had been one of my better performing stocks over the last 9 months when I bought it.
  • s
    steve p
    Can some explain what happened to this stock in 2008, and could it happen again. Check out the 20 year chart.
  • R
    Roger
    I'm really surprised there isn't much chatter here about SAR. I purchased shares back in June of last year. My yield is near 11% and unrealized gains are over 60% (plus their dividend is about 20% less than it was before the pandemic....so there should be additional increases coming in the future).
  • S
    Skiperdoodle
    Awesome results as usual. What a great company.
  • R
    Roger
    Nice to see that dividend pop into my account this morning. I luckily purchased my shares of SAR last year when is was way down and now my yield is currently over 13%.

    As everyone always says, I just wish I would have bought more than I did at the time.

    Good Luck to all SAR Investors.
  • D
    Dan
    A great quarter considering all the challenges. Looking forward very bullish.
    .40 dividend declared
    Co. Bought back stock at avg price Of $16.87. (200k shares)
    NAV at $25.11
    Bullish
  • S
    Sterve
    Interesting stock. I took a small position in July 2019. As of today between price increase and dividend, I'm up 10.8%. Just seems to quietly motor along.
    Bullish
  • j
    john
    First time buy today of SAR. Been watching for quite a while.
    Bullish
  • B
    Burn
    Earnings of 1.37. Adjusted investment income of .61. Subsequent event of 1.51. But no dividend increase. Lots of available capital. Hope market can grasp
  • J
    Jochen
    Saratoga Investment (NYSE: SAR) reported Q2 EPS of $0.49, $0.23 better than the analyst estimate of $0.26.
  • R
    Roger
    Big jump in price this afternoon (to finish up over 5%).

    I don't see any new information being reported though. My best guess it's that there will be a significant dividend increase announced soon (and that leaked out).

    Just a wild guess on my part though.
  • B
    Bill
    Any word yet on when/if the dividend is going to be resumed? Don't they have to pay 90% distribution of cash by the end of the year?
    Neutral
  • S
    Skiperdoodle
    Blew the lid off earnings, Great job SAR.
    Bullish
  • R
    ROBERTP
    Would anyone like to venture a guess as to when the next dividend announcement will take place? I was expecting around November 29th. Came & went.
  • A
    Anonymous
    Does anyone know why this stock has dropped so much? Thanks
    Bullish
  • R
    Roger
    Sounds like SAR is planning on offering additional shares in the future with their submission of an N-2 Form today:

    "We may offer, from time to time, in one or more offerings or series, up to $500,000,000 of our common stock, preferred stock, subscription rights to purchase shares of our common stock, debt securities, and warrants representing rights to purchase shares of our common stock, preferred stock or debt securities, which we refer to, collectively, as our “securities.” The preferred stock, subscription rights, warrants and debt securities offered hereby may be convertible or exchangeable into shares of our common stock. The securities may be offered at prices and on terms to be described in one or more supplements to this prospectus."

    No specifics at this time on what type of share offerings will be proposed.

    Stay tuned......
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