SAR, US80349A2087

Saratoga Investment stock fell 4.82 percent on October 6

Published on 10/07/2026 at 02:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Saratoga Investment reported adjusted NII of USD 0.46 per share for fiscal Q2 2027, versus USD 0.47 in Q1. The quarterly dividend stayed at USD 0.75 per share.

SAR, US80349A2087, Illustration mit AI erstellt.

Saratoga Investment stock (ISIN US80349A2087) fell 4.82 percent to USD 15.81 on October 6, 2026, leaving the shares USD 0.11 above the current 52-week low of USD 15.70. The move followed fiscal second-quarter 2027 results for the period ended August 31, 2026, which showed adjusted net investment income of USD 0.46 per share, according to Business Insider on October 6, 2026.

Quarterly income misses estimates

Total investment income reached USD 31.2 million in fiscal Q2 2027, up 2.0 percent from USD 30.6 million in the year-earlier quarter and 1.3 percent from USD 30.8 million in fiscal Q1 2027, according to Business Insider. Adjusted NII declined from USD 0.47 per share in the prior quarter and USD 0.58 a year earlier, while MarketBeat reported consensus EPS of USD 0.49 and expected revenue of USD 31.46 million.

NAV falls as portfolio marks bite

NAV per share fell to USD 22.15 as of August 31, 2026, from USD 23.23 in fiscal Q1 2027 and USD 25.61 a year earlier. The company attributed the quarterly decline to unrealized investment depreciation and distributions exceeding earnings, while AUM rose 2.1 percent sequentially to USD 1.150 billion, according to Business Insider.

Net originations totaled USD 37.1 million during the quarter, including investments in two new portfolio companies. First-lien term loans represented 81.5 percent of the portfolio at quarter-end, and 96.0 percent of credits were rated in the highest internal category, according to Business Insider.

Dividend and consensus set the frame

Saratoga maintained a base quarterly dividend of USD 0.75 per share for fiscal Q3 2027, paid in three monthly installments of USD 0.25, with the next payment scheduled for October 22, 2026, according to Business Insider. MarketBeat lists a Hold consensus from six analysts and an average price target of USD 21.50, which lies 36.0 percent above the October 6 price of USD 15.81.

SAR trades near yearly low

SAR was last at USD 15.81 on the NYSE at 4:00 p.m. ET on October 6, 2026, with a market capitalization of USD 257.9 million and volume of 371,225 shares.