Saratoga Investment Corp (N:SAR)

Business Focus: Investment Management & Fund Operators

Sector:  Financials Industry:  Investment Management & Fund Operators
 
See Regulatory Filings on SEC
Company Contact
Address: 535 Madison Ave
NEW YORK NY 10022
Tel: N/A
Website: https://saratogainvestmentcorp.com
IR: See website
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Key People
Christian L. Oberbeck
Chairman of the Board, President, Chief Executive Officer
Henri J. Steenkamp
Chief Financial Officer, Chief Compliance Officer, Treasurer, Secretary, Director
 
Business Overview
Saratoga Investment Corp. is a specialty finance company. The Company provides customized financing solutions to United States middle-market businesses. It primarily invests in senior and unitranche-leveraged loans and mezzanine debt and, to a lesser extent, equity issued by private United States middle-market companies. Its investment objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its investments. Its investments generally provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Its portfolio is comprised primarily of investments in leveraged loans issued by middle market companies. It also invests in mezzanine debt and makes equity investments in middle market companies. Its investment activities are externally managed and advised by Saratoga Investment Advisors, LLC.
Financial Overview
For the nine months ended 30 November 2023, Saratoga Investment Corp revenues increased 59% to $106.5M. Net income applicable to common stockholders decreased 34% to $3.6M. Revenues reflect Non-control/Non-affiliate investments increase of 68% to $83.5M, Dividend Income increase from $950K to $5.3M, Interest from Cash and Cash Equivalents increase from $235K to $1.9M.
Reporting Currency: U.S. Dollars
Enterprise value: $1,078M as of Nov 30, 2023
Annual revenue (TTM): $138.80M as of Nov 30, 2023
EBITDA (TTM): $53.71M as of Nov 30, 2023
Net annual income (TTM): $22.83M as of Nov 30, 2023
Free cash flow (TTM): -$133.94M as of Nov 30, 2023
Net Debt Last Fiscal Year: $764.99M as of Nov 30, 2023
Shares outstanding: 13,653,476 as of Jan 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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