NYSE$SAR
Saratoga Investment Corp · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported financial results for the fiscal third quarter of 2022, showing resilience and strength.
Saratoga Investment Corp. reported a strong fiscal third quarter in 2022, with NAV per share reaching an historic high of $29.17. The company saw an increase in total investment income and adjusted net investment income. It invested $59 million in total originations and had $66 million in repayments. The Board of Directors increased the quarterly dividend by 1c per share, or 2%, and declared a 53c per share dividend for the quarter ended November 30, 2021.
- NAV per share reached an historic high of $29.17.
- Adjusted NII per share was $0.53.
- Total originations in Q3 totaled $59 million invested, and repayments totaled $66 million.
- Credit quality remained at a high level at quarter-end, with 95% of credits rated in the highest category.
Headline financials
Revenue & EPS history
Saratoga Investment · Revenue · Quarterly
$16.5M
Forward guidance
Saratoga Investment has executed approximately $130.0 million of new originations in two new portfolio companies and nine follow-ons, and had repayments of approximately $10.5 million in one exit and realizations, for a net increase in investments of $119.5 million.
Tailwinds
- Executed approximately $130.0 million of new originations
- New originations were in two new portfolio companies and nine follow-ons
- Had repayments of approximately $10.5 million in one exit and realizations
- Net increase in investments of $119.5 million
- Company has $76.0 million in undrawn SBA debentures from the most recently approved SBIC II license to finance new SBIC-eligible portfolio companies and support existing SBIC II investments.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2021
-0.2%
Avg return
Earnings day
-1.5%
Avg return
5 days after
+0.6%
Avg return
30 days after
50%
10 / 20 earnings
Positive
+3.9%
Q2 2023
Best reaction
-7.7%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | -1.3% | -5.9% | -4.5% | |
| Q3 2026 | +0.9% | +1.9% | +3.9% | |
| Q2 2026 | -4.3% | -11.6% | -10.5% | |
| Q1 2026 | +1.4% | +0.4% | +1.6% | |
| Q4 2025 | -7.7% | -2.3% | -1.1% | |
| Q3 2025 | +0.7% | +0.7% | +5.0% | |
| Q2 2025 | -0.3% | +2.4% | +4.8% | |
| Q1 2025 | +0.3% | +2.9% | -1.9% | |
| Q4 2024 | -0.1% | -1.9% | +2.0% | |
| Q3 2024 | +0.2% | -9.8% | -12.2% | |
| Q2 2024 | -1.4% | -1.7% | +1.2% | |
| Q1 2024 | +0.3% | -3.4% | -3.2% | |
| Q4 2023 | -0.1% | -0.2% | +17.5% | |
| Q3 2023 | +0.0% | +2.3% | +0.9% | |
| Q2 2023 | +3.9% | +1.0% | +7.1% | |
| Q1 2023 | -0.3% | -1.9% | -0.9% | |
| Q4 2022 | +2.3% | +0.7% | +3.2% | |
| Q3 2021 | -0.2% | -4.3% | -4.8% | |
| Q2 2022 | +1.7% | +1.3% | +0.8% | |
| Q4 2021 | +0.3% | -1.3% | +3.4% |
Discussion
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