Saratoga Investment Q1 NII per share $1.35, up 105% YoY; AUM hits $1.08B

SARATOGA INVESTMENT CORP.

2024-Q1 EPS reported -$0.02

NII per share $1.35 (up 105% YoY, 67% QoQ); adjusted NII per share $1.08 (up 104% YoY); EPS ($0.02) on unrealized losses.
AUM $1.084B (+21% YoY); net originations $129M; 96.5% loans rated highest; one non-accrual credit.
Dividend raised 32% YoY to $0.70/share; 10.2% yield; overearned by $0.38 vs adjusted NII.
Weighted average current coupon on core portfolio 12.7% (vs 8.5% YoY); 85% first lien floating rate.
Raised $77.5M in fixed-rate notes; ATM program increased to $300M; $88.2M liquidity at quarter end.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SARATOGA INVESTMENT CORP. reported the quarter ended May 31, 2023 results: revenue 34,632, net income 1.35, EPS (0.02).

Period: the quarter ended May 31, 2023
Revenue: 34,632
Net income: 1.35
EPS: (0.02)
Result: reported results

Exact text from the filing

Investment Income 34,632 32,315 18,679 Net Investment Income per share 1.35 0.81 0.66 Adjusted Net Investment Income per share 1.08 0.98 0.53 Earnings per share (0.02 ) 1.62 (0.12 )

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Source: SEC EDGAR

accession 0001213900-23-055814

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