Overview

* Saratoga fiscal Q1 adjusted NII per share rises 17.9% on sequential basis

* NAV increases 0.9% on sequential basis , reflecting portfolio performance

* Company's LTM ROE of 9.3% beats BDC industry average of 7.0%

Outlook

* Saratoga Investment ( SAR ) cautious on new commitments amid volatility

Result Drivers

* NII INCREASE - 17.9% rise in adjusted NII per share driven by non-recurrence of $2.4 million excise tax, per CEO Christian Oberbeck

* NAV GROWTH - 0.9% increase in NAV attributed to core BDC portfolio performance in volatile environment

* INVESTMENT ACTIVITY - $50.1 million in new investments and follow-ons despite slower deal volume due to tariff impacts

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 EPS $0.91

Q1 $968.32

Assets mln

Under

Manageme

nt

Q1 Net $25.52

Asset

Value

Per

Share

Q1 ROE 9.3%

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment management & fund operators peer group is "buy"

* Wall Street's median 12-month price target for Saratoga Investment Corp ( SAR ) is $24.63, about 3.3% below its July 7 closing price of $25.44

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)