Saratoga Investment Corp. (SAR) Tops Q2 EPS by 6c

Saratoga Investment Corp. (NYSE: SAR) reported Q2 EPS of $0.43, $0.06 better than the analyst estimate of $0.37.

• Net investment income of $2.1 million for the quarter ended August 31, 2014. Adjusted for the incentive fee accrual related to net unrealized capital gains, the net investment income was $2.3 million.
• Net investment income yield as percentage of average net asset value ("Net Investment Income Yield") was 7.0% for the quarter ended August 31, 2014. Adjusted for the incentive fee accrual related to net unrealized capital gains, the Net Investment Income Yield was 7.7%.
• Return on equity was 10.6% for the quarter ended August 31, 2014.
• NAV was $119.8 million as of August 31, 2014, a $4.9 million increase from an NAV of $114.9 million as of February 28, 2014.
• NAV per share was $22.27 as of August 31, 2014, compared to $21.36 as of February 28, 2014.
• Investment portfolio activity for the quarter ended August 31, 2014 -
  • Cost of investments made during the period: $31.8 million
  • Principal repayments during the period: $15.7 million

For earnings history and earnings-related data on Saratoga Investment Corp. (SAR) click here.

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