{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-097029","form_type":"8-K","ticker":"SAR","cik":"0001377936","company_name":"SARATOGA INVESTMENT CORP.","filed_at":"2025-10-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.260218+00:00","generated_at":"2026-05-17T04:25:06.011104+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Saratoga Investment Q2 NAV up 3.6% to $410.5M; Zollege returns to accrual","bullets":["NAV $410.5M, NAV per share $25.61 (+0.4% QoQ); Q2 ROE 13.8%, LTM ROE 9.1% beats BDC avg 7.3%","Total investment income $30.6M, down 28.8% YoY due to non-recurrence of $7.9M Knowland interest and lower rates","Adjusted NII $0.58 per share, down from $0.66 last quarter and $1.33 YoY; base dividend $0.75 per share (12.3% yield)","Zollege returned to accrual; only one non-accrual (Pepper Palace) at 0.2% of fair value and 0.3% at cost","Originations $52.2M in three follow-ons and BB/BBB CLO investments; net originations $22.4M; subsequent closings $52.3M"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-097029","json":"https://secwatch.observer/filing/0001213900-25-097029.json","markdown":"https://secwatch.observer/filing/0001213900-25-097029.md","text":"https://secwatch.observer/filing/0001213900-25-097029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1377936/000121390025097029/0001213900-25-097029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1377936/000121390025097029/ea0260532-8k_saratoga.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:25:06.011104+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}