Saratoga Investment (SAR) Tops Q1 EPS by 19c
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Saratoga Investment Corp. Announces Fiscal Year-End and Fourth Quarter 2023 Financial Results
May 2, 2023 4:05 PM EDTNEW YORK, May 02, 2023 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE: SAR) (Saratoga Investment or the Company), a business development company (BDC), today announced financial results for its 2023 fiscal year and fourth quarter, with Net Investment Income (NII) per share up 69% over both last year and last years fourth quarter, and adjusted NII per share notably up 27% and 85%, respectively, over those same periods. This increase in earnings reflects the improving margins, primarily from rising rates on Saratoga Investments floating rate assets, which comprise approximately 89% of the Companys assets under management, and the largely fixed... More
