Saratoga Investment Corp announced its financial results for the fiscal third quarter of 2026, reporting a 5.2% increase in Net Investment Income (NII) per share and a 0.7% increase in Net Asset Value (NAV) compared to the previous quarter.
The Company's Return on Equity (ROE) for the last twelve months was 9.7%, surpassing the BDC industry average of 6.6%.
Continued NAV growth, stable NAV per share, and strong performance in a volatile market marked the highlights of this quarter for Saratoga Investment Corp.
NAV Growth
Continued growth in Net Asset Value (NAV) from the previous quarter with stable NAV per share.
ROE Performance
Achieved a Return on Equity (ROE) of 13.5% for the quarter, outperforming the industry average.
Dividend Distribution
Declared a base dividend of $0.25 per share per month and paid a special dividend of $0.25 per share in Q3 fiscal 2026, totaling $3.25 per share for the year.
Originations and Repayments
Recorded net originations of $17.2 million in Q3, including investments in three new portfolio companies.
M&A Activity
Observed an increase in M&A activity amidst competitive market dynamics.
- Saratoga Investment Corp displayed strong financial performance in Q3 2026, with growth in key financial metrics like NAV and ROE.
- The company's dividend distribution strategy and focus on new originations signal confidence in future growth.
- Despite market volatility, Saratoga Investment Corp's strategic approach to investments and prudent decision-making contributed to its solid performance.
Saratoga Investment Corp's Q3 2026 results underline its resilience and strategic position in the market. The company's performance reflects a balanced approach to growth and stability amidst challenging market conditions.