Overview
Saratoga fiscal Q1 adjusted NII per share rises 17.9% on sequential basis
NAV increases 0.9% on sequential basis , reflecting portfolio performance
Company's LTM ROE of 9.3% beats BDC industry average of 7.0%
Outlook
Saratoga Investment cautious on new commitments amid volatility
Result Drivers
NII INCREASE - 17.9% rise in adjusted NII per share driven by non-recurrence of $2.4 million excise tax, per CEO Christian Oberbeck
NAV GROWTH - 0.9% increase in NAV attributed to core BDC portfolio performance in volatile environment
INVESTMENT ACTIVITY - $50.1 million in new investments and follow-ons despite slower deal volume due to tariff impacts
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 EPS |
| $0.91 |
|
Q1 Assets Under Management |
| $968.32 mln |
|
Q1 Net Asset Value Per Share |
| $25.52 |
|
Q1 ROE |
| 9.3% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for Saratoga Investment Corp is $24.63, about 3.3% below its July 7 closing price of $25.44
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nGNX1329cx