Loading...
•
Feb 28, 2021
Saratoga Investment Q4 2021 Earnings Report
Reported financial results for the fourth quarter and fiscal year 2021.
Key Takeaways
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.
Forward Guidance
Saratoga Investment believes it is well positioned for potential future economic opportunities and challenges.
Positive Outlook
- Balance sheet strength
- Liquidity
- NAV preservation
- Experienced management team
- High underwriting standards
Challenges Ahead
- 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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...