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 |
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 |