Saratoga Investment Corp.

SAR • Asset Management

$17.64

▼ -0.13 (-0.73%)

Current price

EarningsLatest report: May 31, 2026

HIGHER-RISK PROFILECautionConfidence: 70%

Quantitative profile — not an investment recommendation.

Quantitative profile — not an investment recommendation.Methodology

Analysis thesis: Caution is warranted. Recent ratios show weaknesses that may limit returns unless fundamentals improve.

Market Cap

$279.60M

Growth

—

Cash Flow

1/5

Trend

Volatile

Evidence

Stable or improving margins · 36.9%Reasonable earnings multiple · 10.03Weak liquidity · 0.36Negative growth trend

Financial data as of: May 31, 2026, 12:00 AM UTCLast earnings update: May 31, 2026, 12:00 AM UTCLast profile update: Aug 5, 2026, 2:27 PM UTC

Company Snapshot

Key valuation, quality, financial strength, momentum and analyst data.

Price$17.64

Change-0.73%

Shares Out15.85M

Market Cap$279.60M

Enterprise Value$808.79M

52W Range17.77 - 25.64

Beta0.59

P/E7.64

P/S2.82

P/B0.74

P/FCF-3.18

EV/Sales8.15

Price$17.64

Change-0.73%

Shares Out15.85M

Market Cap$279.60M

Enterprise Value$808.79M

52W Range17.77 - 25.64

Beta0.59

P/E7.64

P/S2.82

P/B0.74

P/FCF-3.18

EV/Sales8.15

EV/EBITDA21.24

EV/FCF-9.19

Earnings Yield13.09%

FCF Yield-31.48%

Dividend Yield18.88%

Gross Margin50.31%

Oper. Margin38.39%

Profit Margin36.89%

Debt/Eq1.84

Current Ratio0.36

Quick Ratio0.36

Target$21.00

Target Upside19.05%

Target Median$21.00

Target Range21.00 - 21.00

Volume1.02M

Avg Volume115.50K

EPS Surprise0.00

Investment DNA

How strong this company looks for long-term investors

out of 100

Business Quality

Margins, moat, returns

85/100

Financial Strength

Debt, cash, stability

22/100

Growth Potential

Revenue and expansion

20/100

Price Attractiveness

Cheap or expensive today

69/100

Why this score▼

Stable or improving margins · 36.9%Reasonable earnings multiple · 10.03Weak liquidity · 0.36Negative growth trend

Analyst view

Analyst sentiment and price target

SAR

Analyst sentiment

Based on 12 analyst votes · 2026-09-05

63/100

Neutral

Bullish

Hold

Bearish

Price Target

2026-09-05

Low

$21.00

Mean

$21.00

Median

$21.00

High

$21.00

Company Overview

IPO: 3/27/2007

Industry: Asset Management

P/B i: 0.74

Debt / Equity i: 1.84

Operating Margin: 38.39%

Net Margin: 36.89%

ROE i: -

ROIC: -

Financial Health

Score4 / 20

Debt / Equity: 1.84

Current Ratio: 0.36

Quick Ratio: 0.36

Status: HighRisk

Warnings

Weak Liquidity
Weak quick ratio

Insider Transactions

Recent executive and insider activity

Oberbeck Christian L

Transaction: 01/29/2026

SELL

Change

-1,000

Price

Not reported

Filing

01/30/2026

Type

SELL

Oberbeck Christian L

Transaction: 12/19/2025

SELL

Change

-1,000

Price

Not reported

Filing

12/22/2025

Type

SELL

Oberbeck Christian L

Transaction: 12/11/2025

BUY

Change

+7,800

Price

Not reported

Filing

12/11/2025

Type

BUY

Insider	Type	Change	Price	Transaction	Filing
Oberbeck Christian L	SELL	-1,000	Not reported	01/29/2026	01/30/2026
Oberbeck Christian L	SELL	-1,000	Not reported	12/19/2025	12/22/2025
Oberbeck Christian L	BUY	+7,800	Not reported	12/11/2025	12/11/2025
Oberbeck Christian L	SELL	-606	Not reported	09/23/2025	09/25/2025
Oberbeck Christian L	SELL	-2,252	Not reported	07/31/2025	08/01/2025
Oberbeck Christian L	SELL	-48	Not reported	07/30/2025	07/30/2025
Steenkamp Henri J	BUY	+4,373	Not reported	07/29/2025	07/30/2025
Oberbeck Christian L	SELL	-28,261	Not reported	07/29/2025	07/30/2025
Oberbeck Christian L	BUY	+7,680	Not reported	12/02/2024	12/03/2024
Oberbeck Christian L	SELL	-430	Not reported	11/05/2024	11/06/2024
Oberbeck Christian L	SELL	-248	Not reported	10/07/2024	10/08/2024
Steenkamp Henri J	BUY	+5,514	Not reported	08/12/2024	08/27/2024
Oberbeck Christian L	SELL	-635	Not reported	08/13/2024	08/14/2024
Oberbeck Christian L	SELL	-27,256	Not reported	08/12/2024	08/14/2024
Oberbeck Christian L	BUY	+6,708	Not reported	12/13/2023	12/15/2023
Oberbeck Christian L	SELL	-26,495	Not reported	08/16/2023	08/18/2023
Oberbeck Christian L	BUY	+2,000	$23.81	05/04/2023	05/08/2023
Oberbeck Christian L	SELL	-100	Not reported	03/21/2023	03/22/2023
Oberbeck Christian L	SELL	-379	Not reported	12/06/2022	12/08/2022
Oberbeck Christian L	BUY	+6,312	Not reported	12/05/2022	12/08/2022

About the Company

Saratoga Investment Corp.

Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. The fund structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity. The fund prefers to invest in aerospace, automotive aftermarket and services, business products and services, consumer products and services, education, environmental services, industrial services, financial services, food and beverage, healthcare products and services, logistics, distribution, manufacturing, restaurants services, food services, software services, technology services, specialty chemical, media and telecommunications. The fund seeks to invest in the United States. The fund primarily invests between $60 million and $75 million in companies having EBITDA of $2 million or greater and revenues between $10 million and $150 million. It targets annual revenues between $8 and $250 million. The fund prefers to take a majority stake. The fund invests through direct lending as well as participation in loan syndicates.

Source - link

Peers

CGBD DHIL FDUS GBDC GLAD HRZN HTGC MRCC NMFC PFLT PNNT PTMN SCM TCPC TPVG TRIN TSLX WHF

Size reflects market cap · color matches the chart line

1Y peer performance

Top performers + selected company

Latest news

SAX: An 8.00% Notes IPO From Saratoga Investment

Saratoga Investment Corp. faces portfolio risk shifts, NAV depletion, and lending spread compression, making its common stock unattractive despite a 21% discount. SAR's new 8.00% Notes due 2031 (SAX) offer an 8.45% YTM, ranking among the highest in unrated BDC baby bonds and providing sector diversification. Despite increased exposure to higher-risk assets and sector concentration in SaaS, SAR's asset coverage ratio remains above regulatory minimums, and debt risk premiums are stable.

Seeking Alpha

Saratoga Investment Pushes Debt Maturity To 2031, But Dividend Coverage Remains Under Pressure

Saratoga Investment Corp. (NYSE:SAR) has pushed one large 2027 maturity out to 2031, but the refinancing does not remove the pressure visible in its latest dividend math.

Benzinga

Saratoga Investment Corp. Prices Public Offering of $85.0 Million 8.00% Notes Due 2031

NEW YORK, NY, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (the “Company”) (NYSE: SAR) today announced that it has priced an underwritten public offering of $85,000,000 in aggregate principal amount of 8.00% unsecured notes due 2031 (the “Notes”). The offering is expected to close on August 26, 2026, subject to customary closing conditions.

GlobeNewsWire

Monthly-Paid Dividends: 21 Ideal 'Safer' August Dog Buys

August's top monthly pay (MoPay) dividend equities offer yields up to 19.25% and projected net gains of 13.01% to 92.64% by 2027. Analyst estimates for MoPay stocks show an average net gain of 32.65% with risk/volatility 3% below the market, highlighting contrarian opportunities. Fifty-seven MoPay equities were screened for positive returns and yields above 9%, with 21 identified as ‘IDEAL' for safer dividends and strong free cash flow.

Seeking Alpha

Saratoga Investment Corp. Announces Offering of Notes and BBB Investment Grade Rating from Egan-Jones Ratings Company

NEW YORK, NY, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (the “Company”) (NYSE: SAR) announced the commencement of a registered public offering of unsecured notes (the “Notes”). The Company also announced that it has received an investment grade rating of “BBB” from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.

GlobeNewsWire

Earnings Surprises

Period	Estimate	Actual	Surprise
2026-05-05	0.53	0.53	0
2026-01-07	0.59	0.61	0.02
2025-10-07	0.67	0.58	-0.09
2025-07-08	0.69	0.66	-0.03
2025-05-07	0.77	0.56	-0.21
2025-01-08	0.92	0.9	-0.02
2024-10-08	0.94	0.97	0.03
2024-07-09	0.97	1.05	0.08
2024-05-06	0.96	0.94	-0.02
2024-01-09	1.06	1.01	-0.05
2023-10-09	1.02	1.08	0.06
2023-07-10	0.91	1.08	0.17