NYSE$SAR
Saratoga Investment Corp · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported financial results for the fourth quarter and fiscal year 2021.
Saratoga Investment Corp. reported a net increase in net assets from operations of $9.3 million, or $0.83 per share for the quarter ended February 28, 2021. The company's NAV per share was $27.25 as of February 28, 2021, compared to $26.84 as of November 30, 2020.
- Assets under management increased to $554.3 million, a 1.3% increase from the previous quarter.
- Investment income for the quarter was $16.2 million, a decrease of 8.0% year-over-year.
- NAV per share increased to $27.25.
- The Board of Directors declared a $0.43 per share dividend for the quarter ended February 28, 2021.
Headline financials
Revenue & EPS history
Saratoga Investment · Revenue · Quarterly
$16.2M
Forward guidance
Saratoga Investment believes it is well positioned for potential future economic opportunities and challenges.
Tailwinds
- Balance sheet strength
- Liquidity
- NAV preservation
- Experienced management team
- High underwriting standards
Headwinds
- Continued uncertainty
- Recovery presented by the COVID-19 pandemic
- Impact of the COVID-19 pandemic
- Pandemic's impact on the U.S. and global economy
- Market spreads
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 Q4 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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