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

ReutersJul 8, 2025 8:20 PM


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

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