Saratoga Investment Corp

Saratoga Investment Corp

SAR · NYSE · Financial Services / Asset Management

11.47USD-0.18 (-1.55%)

Price History

Full chart

Market Stats

Previous Close11.65
Open11.62
Day Range11.44 – 11.83
52-Week Range16.72 – 22.58
Volume257.90K
Market Cap270.16M
P/E (TTM)17.14
Forward P/E11.68
EPS0.98
Dividend Yield17.53%
Beta0.59
50-Day Avg18.47
200-Day Avg21.51

About

Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. The fund structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity. The fund prefers to invest in aerospace, automotive aftermarket and services, business products and services, consumer products and services, education, environmental services, industrial services, financial services, food and beverage, healthcare products and services, logistics, distribution, manufacturing, restaurants services, food services, software services, technology services, specialty chemical, media and telecommunications. The fund seeks to invest in the United States. The fund primarily invests between $60 million and $75 million in companies having EBITDA of $2 million or greater and revenues between $10 million and $150 million. It targets annual revenues between $8 and $250 million. The fund prefers to take a majority stake. The fund invests through direct lending as well as participation in loan syndicates.

Company Details

  • SectorFinancial Services
  • IndustryAsset Management
  • CEOMr. Christian Long Oberbeck
  • Employees1.77M
  • Headquarters535 Madison Avenue, New York, NY, United States, 10022, USA
  • Websitehttps://www.saratogainvestmentcorp.com

Leadership

  • Mr. Christian Long OberbeckChairman, President & CEO · b. 1960
  • Mr. David M. DeSantisCOO, Portfolio Manager & Senior MD · b. 1977
  • Mr. Michael Joseph GrisiusCo-Managing Partner & CIO · b. 1964
  • Mr. Richard A. Petrocelli CPAManaging Director · b. 1968
  • Mr. Paul B. WestManaging Director
  • Ms. Marissa Mann AndrewsManaging Director
  • Mr. Thomas V. Inglesby J.D.MD & Portfolio Manager
  • Mr. John F. MacMurrayMD & Portfolio Manager
  • Mr. Charles G. Phillips IVMD & Portfolio Manager · b. 1948
  • Ms. Christine MonterossoChief Administrative Officer to CEO

Financials

Income Statement

Currency: USD2007-02-282008-02-292009-02-282010-02-282011-02-282012-02-292013-02-282014-02-282015-02-282016-02-292017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Total Revenue-21.39M23.39M-2.84M11.56M12.21M17.89M12.41M14.63M15.80M17.15M22.44M24.79M63.61M57.65M70.74M99.10M143.87M94.16M99.22M
Growth (%)--+9.36%-112.13%+507.37%+5.64%+46.46%-30.60%+17.84%+8.01%+8.54%+30.87%+10.44%+156.63%-9.37%+22.71%+40.10%+45.17%-34.55%+5.37%
Cost of Revenue40.00K5.03M2.60M4.10M8.95M6.51M7.44M7.69M10.33M16.55M18.98M22.71M26.75M38.63M29.30M44.95M33.50M31.11M52.06M49.30M
Gross Profit-40.00K16.36M20.78M-6.93M11.56M12.21M17.89M12.41M14.63M15.80M17.15M22.44M24.79M63.61M26.32M57.58M65.61M112.76M42.10M49.92M
Gross Margin-76.48%88.86%244.33%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%45.66%81.40%66.20%78.38%44.71%50.31%
Operating Expense90.00K21.72M6.82M3.50M-8.01M-2.36M746.25K-2.41M-4.05M-4.42M-4.17M-6.16M-7.59M7.26M6.38M-10.82M12.28M53.60M10.14M11.83M
Operating Income-130.00K-5.36M13.97M-10.44M19.57M14.57M17.14M14.83M18.68M20.22M21.32M28.60M32.37M56.35M19.94M68.40M53.33M59.16M31.97M38.09M
Operating Margin--25.07%59.72%367.69%169.27%119.32%95.83%119.45%127.66%127.94%124.32%127.45%130.62%88.58%34.59%96.69%53.81%41.12%33.95%38.39%
EBITDA-130.00K-4.86M42.12M-276.71K19.57M14.57M17.14M14.83M18.68M20.22M21.32M28.60M32.37M56.35M19.94M68.40M60.26M59.16M31.97M38.09M
EBITDA Margin--22.72%180.10%9.75%169.27%119.32%95.83%119.45%127.66%127.94%124.32%127.45%130.62%88.58%34.59%96.69%60.80%41.12%33.95%38.39%
Net Income-130.00K-5.45M-21.32M-10.46M16.96M13.28M14.60M8.74M11.01M11.65M11.39M17.68M18.51M55.74M14.78M45.74M24.68M8.93M28.09M36.60M
Net Income Margin--25.49%-91.14%368.66%146.68%108.69%81.63%70.44%75.24%73.70%66.40%78.77%74.68%87.63%25.63%64.65%24.90%6.21%29.83%36.89%
R&D----------0.250.540.370.560.390.570.240.07--
R&D as % of Total Revenue----------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense05.03M2.61M4.10M2.61M1.30M2.54M6.08M7.38M8.46M9.89M10.94M13.13M14.68M13.59M19.88M33.50M49.18M52.06M49.30M
Interest Expense % of Total Revenue-23.53%11.14%-144.33%22.59%10.63%14.20%49.01%50.41%53.52%57.66%48.74%52.96%23.08%23.57%28.10%33.80%34.18%55.29%49.69%

Balance Sheet

Currency: USD2007-02-282008-02-292009-02-282010-02-282011-02-282012-02-292013-02-282014-02-282015-02-282016-02-292017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Total Assets800.00K192.84M130.66M96.94M98.77M125.49M174.41M215.17M263.56M295.05M318.65M360.34M470.67M530.87M592.15M876.24M1.08B1.19B1.19B1.14B
Total Liabilities900.00K94.97M62.65M41.46M12.70M28.11M65.72M101.74M140.96M169.90M191.36M216.64M289.80M226.58M287.97M520.46M731.20M820.98M798.88M744.95M
Total Equity-100.00K97.87M68.01M55.48M86.07M97.38M108.69M113.43M122.60M125.15M127.29M143.69M180.88M304.29M304.19M355.78M346.96M370.22M392.67M396.16M
Cash1.03K15.65M7.53M3.35M10.74M1.33M149.03K3.29M20.06M7.03M22.09M13.78M30.80M24.60M18.83M52.87M96.08M40.51M148.22M21.79M
Total Debt-78.45M58.99M73.98M9.00M40.00M60.30M94.29M46.58B60.26B71.94B72.34B130.43B382.20B119.61B307.35B483.59B803.67M781.82M729.86M
Net Debt-1.03K62.80M51.46M70.63M-1.74M38.67M60.15M91.00M112.05M153.71M159.39M192.71M246.35M180.28M255.22M446.01M615.05M763.17M633.60M708.07M

Cash Flow

Currency: USD2007-02-282008-02-292009-02-282010-02-282011-02-282012-02-292013-02-282014-02-282015-02-282016-02-292017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Operating Cash Flow--167.08M36.51M21.18M28.28M-22.71M-36.81M-29.53M-21.72M-32.22M6.74M-30.78M-39.98M-15.14M-62.35M-203.13M-130.37M-157.21M197.54M-88.03M
Investing Cash Flow--172.23B20.93B-22.96B-5.11B-50.11B-49.47B-31.61B-41.02B7.03B-41.39B-198.66B-19.89B-78.08B-55.08B2.25B-144.04M-124.87M
Financing Cash Flow1.00K168.16M-31.23M-24.18M-20.89M13.30M35.63M32.67M35.19M19.19M8.31M22.47M88.30M-7.50M52.81M226.09M173.58M101.64M-33.32M-94.91M
Capital Expenditure053044038.32M21.72M32.22M0004305002
Free Cash Flow--167.08M36.51M21.18M28.28M-22.71M-36.81M-29.53M-21.72M-32.22M6.74M-30.78M-39.98M-15.14M-62.35M-203.13M-130.37M-157.21M197.54M-88.03M
Dividends Paid-9.62M11.77M2.07M1.18M1.97M3.30M2.51M1.43M7.91M6.79M9.01M12.01M17.00M11.27M18.16M22.67M32.05M40.75M52.36M
FCF to OCF-100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF--5.76%32.25%9.79%4.17%-8.66%-8.95%-8.49%-6.60%-24.54%100.68%-29.28%-30.05%-112.26%-18.07%-8.94%-17.38%-20.39%20.63%-59.48%

Earnings

Report DateJul 12, 2007Oct 11, 2007Jan 10, 2008May 22, 2008Jul 14, 2008Oct 14, 2008Jan 14, 2009May 28, 2009Jul 13, 2009Oct 15, 2009Jan 14, 2010May 28, 2010Jul 15, 2010Oct 15, 2010Jan 14, 2011May 23, 2011Jul 14, 2011Oct 12, 2011Jan 12, 2012May 24, 2012Jul 16, 2012Oct 15, 2012Jan 14, 2013May 30, 2013Jul 16, 2013Oct 15, 2013Jan 14, 2014May 28, 2014Jul 14, 2014Oct 14, 2014Jan 14, 2015May 20, 2015Jul 14, 2015Oct 13, 2015Jan 13, 2016May 17, 2016Jul 13, 2016Oct 12, 2016Jan 11, 2017May 16, 2017Jul 12, 2017Oct 11, 2017Jan 10, 2018May 14, 2018Jul 10, 2018Oct 10, 2018Jan 9, 2019May 8, 2019Jul 10, 2019Oct 9, 2019Jan 8, 2020May 6, 2020Jul 8, 2020Oct 7, 2020Jan 6, 2021May 5, 2021Jul 7, 2021Oct 5, 2021Jan 5, 2022May 4, 2022Jul 6, 2022Oct 4, 2022Jan 10, 2023May 2, 2023Jul 10, 2023Oct 9, 2023Jan 9, 2024May 6, 2024Jul 9, 2024Oct 8, 2024Jan 8, 2025May 5, 2025Jul 8, 2025Oct 7, 2025Jan 7, 2026May 13, 2026Jul 7, 2026Oct 6, 2026
EPS Estimate0.773.353.602.952.904.104.204.302.882.551.200.750.810.800.390.510.500.500.50-0.430.480.49--0.540.44-0.360.370.420.450.440.490.440.400.510.450.480.260.470.510.530.530.550.540.620.640.590.590.581.460.500.470.470.500.500.500.540.540.540.510.630.790.851.031.050.950.960.950.840.730.720.680.590.560.540.47
EPS Actual2.603.803.702.583.904.204.704.002.581.301.000.591.571.210.700.110.180.830.250.900.330.340.521.410.800.480.480.690.400.390.500.530.530.520.420.450.440.450.600.220.600.490.500.890.630.740.691.080.480.590.462.390.800.480.400.830.230.570.450.700.660.640.831.621.351.151.090.391.051.330.900.560.660.580.610.530.47-
Surprise237.66%13.43%2.78%-12.54%34.48%2.44%11.90%-6.98%-10.42%-49.02%-16.67%-21.33%93.47%51.25%79.49%-78.43%-64.00%66.00%-50.00%--23.26%-29.17%6.12%---11.11%9.09%-11.11%5.41%19.05%17.78%20.45%6.12%-4.55%12.50%-13.73%0.00%25.00%-15.38%27.66%-3.92%-5.66%67.92%14.55%37.04%11.29%68.75%-18.64%0.00%-20.69%63.70%60.00%2.13%-14.89%66.00%-54.00%14.00%-16.67%29.63%22.22%25.49%31.75%105.06%58.82%11.65%3.81%-58.95%9.38%40.00%7.14%-23.43%-8.33%-14.71%3.39%-6.11%-12.96%-
TimingAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-Pre-marketAfter-hours-After-hoursAfter-hoursAfter-hours--After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours

Key Statistics & Ratios

Market Cap270.16M
Enterprise Value1.03B
Trailing P/E17.14
Forward P/E11.68
PEG Ratio0.00
Price / Sales2.18
Price / Book0.74
EPS0.98
Book Value23.23
Revenue (TTM)124.17M
Gross Profit (TTM)124.17M
Profit Margin12.70%
Operating Margin68.97%
Return on Equity4.07%
Return on Assets4.49%
Shares Outstanding16.08M
Shares Float13.62M
Beta0.59
Dividend Yield17.53%
Dividend Rate3.00
Payout Ratio45.66%

Analyst Ratings

Buy
Based on 8 analystsTarget 21.20
  • Strong Buy
    3
  • Buy
    1
  • Hold
    4

Ownership Breakdown

Institutions
11.49%
Insiders
13.86%
Retail / Other
74.65%

Top Institutional Holders

  • Lido Advisors, LLC
    199.14K1.24%
  • Private Advisor Group, LLC
    146.68K0.91%
  • Hennion & Walsh Asset Management Inc
    127.04K0.79%
  • Legal & General Group PLC
    122.94K0.76%
  • International Assets Investment Management, LLC
    116.01K0.72%
  • LPL Financial Corp
    114.00K0.71%
  • Advisors Asset Management
    106.63K0.66%
  • Wells Fargo & Co
    85.27K0.53%
  • Ethos Financial Group LLC
    56.53K0.35%
  • BlackRock Inc
    54.60K0.34%
  • Citadel Advisors Llc
    50.51K0.31%
  • Wealthcare Advisory Partners LLC
    49.14K0.31%
  • Palogic Value Management LP
    46.68K0.29%
  • Next Level Private LLC
    43.53K0.27%
  • Jb Capital Partners LP
    33.85K0.21%
  • Morgan Stanley - Brokerage Accounts
    28.29K0.18%
  • The Colony Group LLC
    27.71K0.17%
  • UBS Group AG
    27.28K0.17%

Top Fund Holders

  • iShares Listed Private Eq ETF USD Dist
    52.94K0.33%
  • BankInvest Børsnoterede Alt. Akk. W
    27.03K0.17%

Dividends

202612×
0.25Dec 3, 20260.25Nov 5, 20260.25Oct 6, 20260.25Sep 3, 20260.25Aug 5, 20260.25Jul 6, 20260.25Jun 4, 20260.25May 5, 20260.25Apr 7, 20260.25Mar 3, 20260.25Feb 4, 20260.25Jan 6, 2026
202510×
0.25Dec 2, 20250.25Nov 4, 20250.25Oct 7, 20250.25Sep 4, 20250.25Aug 6, 20250.25Jul 8, 20250.25Jun 5, 20250.25May 6, 20250.25Apr 8, 20250.74Mar 6, 2025
20242×
0.74Dec 4, 20240.74Sep 11, 2024

Stock Splits

  • Aug 13, 20101:10