Saratoga Investment fiscal Q4 AUM rises

Saratoga Investment

05/05/2026 21:34

Overview

U.S. specialty finance firm's fiscal Q4 AUM rose 13.4% yr/yr to $1.1 bln

Fiscal Q4 total investment income fell 0.5% yr/yr due to lower rates and tight spreads

Adjusted NII per share for fiscal Q4 was $0.53, impacted by $1.7 mln excise tax expense

Outlook

Saratoga Investment declares aggregate Q1 fiscal 2027 dividend of $0.75 per share

Company says macroeconomic environment remains complex with elevated volatility and uncertainty

Company expects continued strength in deal pipeline and prudent portfolio growth

Result Drivers

ORIGINATION ACTIVITY - Strong new investment originations and net deployments offset repayments, supporting portfolio growth

LOWER RATES AND TIGHTER SPREADS - Decrease in investment income driven by lower SOFR base rates and tighter spreads on new loans

EXCISE TAX IMPACT - Adjusted NII per share was reduced by a $1.7 mln excise tax expense in the quarter

Company press release: ID:nGNX9pQRLJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-$0.16
Q4 Assets Under Management
$1.11 bln
Q4 Net Asset Value Per Share
$24.42


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "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 3.7% below its May 4 closing price of $23.89

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

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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.)