Saratoga Investment Reports Strong Q3 Fiscal 2026 Results with Increased NII, Stable NAV, and Special Dividend
SAR is trading near its 52-week low of $21.1 (8.8% above the low) on elevated volume (2.3× avg).
Summary
Saratoga Investment Corp. announced robust fiscal third-quarter 2026 financial results, featuring a 5.2% sequential increase in Net Investment Income per share, stable Net Asset Value per share, and a strong 13.5% annualized Return on Equity, alongside the declaration of a special dividend.
Key Events · Earnings and Guidance · SAR
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Increased Net Investment Income (NII) per Share
NII per share rose 5.2% sequentially to $0.61 for the fiscal third quarter ended November 30, 2025.
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Stable Net Asset Value (NAV) per Share
NAV per share remained largely stable at $25.59, a slight decrease from $25.61 in the prior quarter.
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Strong Return on Equity (ROE)
The company reported an annualized ROE of 13.5% for the quarter, significantly outperforming the BDC industry average of 6.6%.
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Special Dividend Declared
A special cash distribution of $0.25 per share was declared in addition to the regular quarterly dividend of $0.75 per share.
Analysis · SAR · Unknown
The company's fiscal Q3 2026 results demonstrate solid operational performance, marked by growth in Assets Under Management and Net Investment Income per share. The stability of Net Asset Value per share, coupled with a Return on Equity significantly above the BDC industry average, highlights effective portfolio management and value creation. The declaration of a special dividend further signals confidence in the company's financial health and commitment to shareholder returns. Investors should note the continued strong credit quality and strategic capital deployment, which position the company well for future growth despite ongoing market volatility.
At the time of this filing, SAR was trading at $22.95 on NYSE in the Unknown sector, with a market capitalization of approximately $373.4M. The 52-week trading range was $21.10 to $26.17. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.