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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.
Saratoga Investment
Saratoga Investment
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