Saratoga Investment Corp Reports Q2 Earnings with Record Assets Under Management
Saratoga Investment Corp (NASDAQ: SAR) reported record assets under management of $1.15 billion as of August 31, 2026, a 2.1% increase from the previous quarter driven by originations outpacing repayments. The company's net asset value declined to $22.15 per share due primarily to credit markdowns and dividend distributions. Adjusted net investment income fell slightly to $0.46 per share compared to $0.47 in the prior period, attributed to increased interest expenses from recent capital structure changes. The firm originated $76.1 million during Q2 2026 across two new portfolio companies and nine follow-on investments, with net originations of $37.1 million after repayments. Saratoga's core portfolio yield rose slightly to 10.6%, reflecting base rate adjustments. The company also repurchased shares totaling approximately 444,124 at an average price of $18.91 per share, providing accretion to net asset value. Despite these gains, the firm faced challenges including specific credit markdowns across several investments and a negative return on equity for the last twelve months (-1.1%), below industry averages.
Tickers: $SAR
Topics: Assets Under Management Dividend Yield Net Asset Value Portfolio Composition
Read the full article at Motley Fool
Part of the story Saratoga Investment Reports Q2 Earnings Miss (6 articles)