Saratoga Q1 adjusted NII per share rises 17.9% on sequential basis

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

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