Saratoga Investment (SAR) Tops Q3 EPS by 6c

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Go back to Saratoga Investment (SAR) Tops Q3 EPS by 6c

Saratoga Investment Corp. Announces Fiscal Second Quarter 2024 Financial Results

October 9, 2023 4:05 PM EDT

NEW YORK, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE: SAR) (Saratoga Investment or the Company), a business development company (BDC), today announced financial results for its 2024 fiscal second quarter, with Net Investment Income (NII) per share down 15% from last quarter though up 80% over last years second quarter, and adjusted NII per share unchanged from last quarter, and up 86% from last year. The substantial year-over-year increase in earnings reflect growth in Assets under Management (AUM), stable overall portfolio performance and margin improvement from rising rates on Saratoga Investments largely floating rate assets, with costs of financing... More