SAJ Company Report

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Recent press releases and 8-K filings for SAJ.

Saratoga Investment Corp. Reports Q3 2026 Financial Results with Increased Net Interest Margin and Improved Credit Quality

SAJ

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New Projects/Investments

Saratoga Investment Corp. reported an increase in net interest margin from $13.1 million in Q2 2026 to $13.5 million in Q3 2026, primarily driven by a decrease in interest expense.
Quarter-end NAV reached $413 million, a 0.7% increase from the previous quarter, with NAV per share at $25.59. Adjusted NAI was $9.8 million, up 7.8% from last quarter, and adjusted NAI per share was $0.61, up 5.2%.
Credit quality improved significantly, with 99.8% of credits in the highest category and only 0.2% of the portfolio at fair value on non-accrual status, which is eight times lower than the industry average.
The company maintained substantial liquidity with $396 million in investment capacity and reported $1.016 billion in Assets Under Management (AUM) at fair value, with 83.9% of investments in first-lien debt.
SAJ declared a regular dividend of $0.75 per share for Q3 2026 and distributed a $0.25 per share special dividend in December.

Jan 8, 2026, 3:00 PM

Saratoga Investment Corp Reports Q3 2026 Financial Results with Increased NII and Strong Originations

SAJ

Earnings

Dividends

New Projects/Investments

Saratoga Investment Corp (SAJ) reported Q3 2026 adjusted Net Investment Income (NII) per share of $0.61, a 5.2% increase from the prior quarter, and achieved a 13.5% return on equity.
The company recorded net originations of $17.2 million for the quarter, driven by $72.1 million in new originations, and has $89.3 million in new originations either closed or in closing post-quarter-end.
The portfolio maintained strong credit quality with only one investment on non-accrual status (Pepper Palace), representing 0.2% of fair value, and 83.9% of investments in first-lien debt.
SAJ announced a monthly base dividend of $0.25 per share for Q4 fiscal 2026, totaling $0.75 per share, and distributed a $0.25 per share special dividend in December.

Jan 8, 2026, 3:00 PM

Saratoga Investment Corp. (SAJ) Reports Q3 2026 Results

SAJ

Earnings

Dividends

New Projects/Investments

Saratoga Investment Corp. reported Q3 2026 adjusted NAI of $0.61 per share, an increase of $0.03 per share from the previous quarter, and a strong 13.5% return on equity, beating the industry average.
The company achieved net originations of $17.2 million in Q3 2026, including $72.1 million in new investments and follow-ons. The non-accrual rate stands at 0.4% of cost, which is eight times lower than the industry average of 3.2%.
SAJ ended Q3 2026 with $169.6 million in cash and $395.6 million in total dry powder. The company refinanced its $65 million Encina credit facility with an upsized $85 million facility, cutting the spread cost by approximately 150 basis points.
A monthly base dividend of $0.25 per share was announced for the fourth quarter of fiscal 2026, totaling $0.75 per share, and a $0.25 per share special dividend was paid in December.

Jan 8, 2026, 3:00 PM

Saratoga Investment Corp. Reports Strong Q3 2026 Results with Increased AUM and Dividends

SAJ

Earnings

Dividends

New Projects/Investments

Saratoga Investment Corp. reported Adjusted Net Investment Income (NII) of $9.8 million and Adjusted NII per share of $0.61 for Q3 2026. The company's Last Twelve Months (LTM) Return on Equity (ROE) was 9.7%, surpassing the industry average of 6.6%.
Assets Under Management (AUM) increased to $1.016 billion, representing a 2.1% rise from the previous quarter, driven by $72.1 million in new originations. Investment quality remains robust, with 99.8% of loan investments holding the highest internal rating.
The company maintains strong liquidity with $395.6 million available as of November 30, 2025, and declared an aggregate dividend of $0.75 per share for the quarter ended February 28, 2026.

Jan 8, 2026, 3:00 PM

Saratoga Investment Corp Reports Q2 2026 Results with NAV Growth and Strong Portfolio Quality

SAJ

Earnings

Dividends

New Projects/Investments

Saratoga Investment Corp reported Q2 2026 adjusted NII per share of $0.58, a 12.1% decrease from the prior quarter, while NAV per share increased to $2,561 from $2,552 last quarter. The company's latest 12-month return on equity was 9.1%, surpassing the industry average of 7.3%.
The company successfully returned its ZOLLEG investment to accrual status, reducing non-accrual investments to just one (Pepper Palace), which now represents only 0.2% of portfolio fair value. The portfolio maintains strong credit quality, with 84.3% of investments in first lien debt.
Saratoga Investment Corp maintains $407 million in investment capacity, including $201 million in cash, and originated $52.2 million in Q2 2026. A base dividend of $0.25 per share per month ($0.75 per share quarterly) was declared for Q3 FY2026, offering a 12.3% yield.