{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-107199","form_type":"8-K","ticker":"SAR","cik":"0001377936","company_name":"SARATOGA INVESTMENT CORP.","filed_at":"2026-10-06T20:06:22+00:00","discovered_at":"2026-10-06T20:07:00.209044+00:00","generated_at":"2026-10-12T16:21:14.044841+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"Saratoga Investment Q2 FY27 NAV/share falls 4.6% to $22.15; adjusted NII $0.46, EPS $(0.41)","bullets":["NAV per share $22.15 vs $23.23 last quarter and $25.61 a year ago; NAV fell $25.9M QoQ to $352.6M, with $13.1M of write-downs in Madison Logic, Exigo, and Chronus.","Adjusted NII per share $0.46 vs $0.47 QoQ and $0.58 YoY; net investment income per share $0.45; GAAP EPS $(0.41) vs $(0.42) last quarter.","Total investment income $31.2M, up 2.0% YoY; originations $76.1M vs repayments $39.0M, net originations $37.1M; AUM $1.150B, up 2.1% QoQ and 15.6% YoY.","Declared base quarterly dividend of $0.75/share for fiscal Q3 2027 via three $0.25 monthly payments; annualized yield 18.1% based on $16.61 stock price as of Oct 5, 2026.","Repurchased 444,124 shares at average $18.91 for ~$8.4M, adding ~$0.09/share to NAV; non-accruals 0.0% of fair value and 1.3% of cost."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-107199","json":"https://secwatch.observer/filing/0001213900-26-107199.json","markdown":"https://secwatch.observer/filing/0001213900-26-107199.md","text":"https://secwatch.observer/filing/0001213900-26-107199.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1377936/000121390026107199/0001213900-26-107199-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1377936/000121390026107199/ea0307793-8k_saratoga.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T16:21:14.044841+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"}