Saratoga Investment Corp. reports Q2 2027 results with record AUM and share repurchases
Saratoga Investment Corp. (SAR) announced fiscal Q2 2027 results showing AUM of $1.15 billion, up 2.1% sequentially, and net originations of $37.1 million. Adjusted net interest income was $0.46 per share and the company repurchased 444,124 shares, contributing $0.09 per share of NAV accretion. Dividends remained at $0.75 per share, but NAV per share fell by $1.08 to $22.15. Non‑accrual investments were eliminated, leaving a 0.0% fair‑value exposure.
Why it matters
The dividend payout of $0.75 per share represents an 18.1% yield based on the $16.61 stock price (per the earnings call), offering strong current income for shareholders. However, the $1.08 decline in NAV per share and the $13.3 million NAV reduction from share repurchases and excess dividends may pressure the market price and spillover obligations.
Key facts
- 1AUM reached $1.15 billion (1,150,190 thousand) for the quarter ended August 31, 2026. globenewswire.com
- 2AUM grew 2.1% sequentially. globenewswire.com
- 3Net originations were $37.1 million. globenewswire.com
- 4Adjusted net interest income per share was $0.46. globenewswire.com
- 5The company repurchased 444,124 shares, adding $0.09 per share of NAV accretion. globenewswire.com
- 6Dividends were $0.75 per share (record date). globenewswire.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.