Investment firm Saratoga's Q3 NII per share rises

Saratoga Investment

07/01/2026 21:19

Corrects Q3 ROE to 13.5% from 9.70% in Key Details table

Overview

U.S. specialty finance firm's fiscal Q3 NAV rose 0.7% from the previous quarter

NII per share increased by 5.2% from the previous quarter

Company declared a special dividend; total fiscal 2026 dividends at $3.25 per share

Outlook

Company anticipates net increase in investments of $58.8 mln in Q4

Saratoga Investment declares quarterly dividend of $0.75 per share for Q4

Company sees increased M&A activity despite competitive market dynamics

Result Drivers

NII INCREASE - Saratoga Investment reported a 5.2% increase in NII per share, attributed to decreased interest expenses from baby bond repayments

STRONG ORIGINATIONS - Company achieved net originations of $17.2 mln

M&A ACTIVITY - Increased M&A activity contributed to portfolio growth, with new investments in multiple structured credit securities

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.74
Q3 Net Asset Value Per Share
$25.59
Q3 ROE
13.5%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 8 "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 $23.00, about 0.8% below its January 6 closing price of $23.19

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNXN72l2

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)