Saratoga Investment (NYSE:SAR) Posts Earnings Results, Beats Expectations By $0.02 EPS

08 Jan 2026, 07:14 by Doug Wharley · The Cerbat Gem

Saratoga Investment (NYSE:SAR – Get Free Report) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02, FiscalAI reports. The company had revenue of $31.65 million for the quarter, compared to the consensus estimate of $31.35 million. Saratoga Investment had a net margin of 27.19% and a return on equity of 10.09%.

Saratoga Investment Price Performance

SAR stock opened at $22.60 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. The company’s 50-day moving average is $22.73 and its 200-day moving average is $23.83. The stock has a market capitalization of $363.88 million, a PE ratio of 9.66 and a beta of 0.56. Saratoga Investment has a 1 year low of $21.10 and a 1 year high of $26.17.

Saratoga Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Tuesday, March 3rd will be given a dividend of $0.25 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Tuesday, March 3rd. Saratoga Investment’s dividend payout ratio is 128.21%.

Analyst Ratings Changes

SAR has been the subject of a number of research reports. LADENBURG THALM/SH SH upgraded Saratoga Investment to a “hold” rating in a research note on Thursday, October 9th. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Saratoga Investment in a report on Friday, October 10th. Zacks Research upgraded Saratoga Investment from a “strong sell” rating to a “hold” rating in a research report on Monday, December 15th. B. Riley cut their price target on Saratoga Investment from $23.50 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saratoga Investment in a research note on Monday, December 29th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Saratoga Investment has an average rating of “Hold” and a consensus price target of $23.63.

View Our Latest Analysis on Saratoga Investment

Institutional Investors Weigh In On Saratoga Investment

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in shares of Saratoga Investment during the third quarter valued at approximately $25,000. Quantbot Technologies LP purchased a new position in shares of Saratoga Investment during the third quarter valued at approximately $36,000. Advisory Services Network LLC bought a new stake in Saratoga Investment during the third quarter worth $45,000. Osaic Holdings Inc. raised its position in Saratoga Investment by 24.0% in the 2nd quarter. Osaic Holdings Inc. now owns 6,256 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,211 shares during the last quarter. Finally, Aquatic Capital Management LLC lifted its stake in Saratoga Investment by 4,814.7% during the 3rd quarter. Aquatic Capital Management LLC now owns 12,729 shares of the financial services provider’s stock valued at $310,000 after acquiring an additional 12,470 shares in the last quarter. Institutional investors and hedge funds own 19.09% of the company’s stock.

Key Headlines Impacting Saratoga Investment

Here are the key news stories impacting Saratoga Investment this week:

Positive Sentiment: Q3 beat consensus: Reported EPS of $0.61 (beat $0.59 estimate) and NII/share rose to $0.61 from $0.58 last quarter — signals near-term earnings resilience. Saratoga Investment beats Q4 estimates as NII rises
Positive Sentiment: Dividend support: Company declared regular dividend plus an additional special dividend (total actual distribution noted as $1.00 this quarter), which supports yield-sensitive investors. Saratoga Investment Corp. Announces Fiscal Third Quarter 2026 Financial Results
Positive Sentiment: Balance sheet / activity: Assets under management rose to ~$1.016B and originations increased materially quarter‑over‑quarter, suggesting continued deployment and fee/income potential. Q3 Financial Results
Neutral Sentiment: Management materials available: Full press release, slide deck and presentation posted for investors to review portfolio mix and credit metrics. Press Release / Slide Deck
Negative Sentiment: NAV and year-over-year NII weakness: NAV per share declined to $25.59 from $26.95 a year ago (flat QoQ) and NII per share is materially below last year’s $0.90, which may concern total‑return investors focused on NAV recovery. Q3 Financial Results
Negative Sentiment: Short‑term market reaction / technicals: Shares are trading lower with above‑average volume and remain below the 200‑day moving average — suggests profit‑taking/positioning risk despite the quarter’s beat. Market summary and technicals
Neutral Sentiment: Analyst previews and expectations were mixed heading into the print; sell‑side models see full‑year EPS of ~3.93 — investors will watch guidance and portfolio credit trends for direction. Earnings preview

Saratoga Investment Company Profile

(Get Free Report)

Saratoga Investment Corp. is a closed-end, externally managed investment company that seeks to generate current income and total return through a diversified portfolio of private U.S. companies. Trading on the New York Stock Exchange under the ticker SAR, the firm primarily targets middle-market businesses across a broad range of industries, including industrials, healthcare, consumer products, financial services and technology. Its investment approach combines debt and equity instruments, providing flexible capital solutions such as first-lien and second-lien secured loans, mezzanine debt, preferred equity and common equity positions.

As an actively managed vehicle, Saratoga Investment works closely with portfolio companies’ management teams to support growth initiatives, operational improvements, and strategic transactions.