NYSE$SAR
Saratoga Investment Corp · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Saratoga Investment reported financial results for Q4 2022, marked by growth in AUM and continued portfolio strength.
Saratoga Investment Corp. announced strong fiscal year-end and fourth quarter 2022 financial results, with assets under management increasing significantly and a high level of investment quality in loan investments. The company's NAV per share reached an historic high, and originations in fiscal 2022 totaled $458 million invested, with $227 million of repayments.
- NAV per share reached an historic high of $29.33.
- Adjusted NII per share for the fourth quarter was $0.53.
- Originations in fiscal 2022 totaled $458 million.
- 98.5% of credits rated in the highest category.
Headline financials
Revenue & EPS history
Saratoga Investment · Revenue · Quarterly
$19M
Forward guidance
Saratoga Investment anticipates continued growth and strong performance, focusing on prudent originations and balance sheet strength.
Tailwinds
- Continued strength of the pipeline
- Experienced management team
- High underwriting standards
- Ability to steadily grow portfolio size
- Maintain quality and investment performance over the long-term
Headwinds
- Rising rate environment
- Robust current environment requires prudence and discernment in terms of originations
- Market activity continues to be extremely robust
- Volatility in the broadly syndicated loan market
- Impact of the COVID-19 pandemic and the pandemic’s impact on the U.S. and global economy
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 2022
-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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