saratoga investment corp. is a publicly traded (nyse: sar) business development company (bdc) which provides customized financing solutions for middle market companies located in the united states. saratoga’s senior investment professionals have over eighty years of combined experience investing more than $4 billion in middle market businesses. within the bdc, saratoga manages both an sbic-licensed subsidiary and a $400 million collateralized loan obligation (clo) fund. these diverse funding sources, combined with a permanent capital base, enable saratoga to offer a broad range of financing solutions, including subordinated debt, first and second lien loans, one-stop and unitranche structures and equity co-investments. as a solutions-oriented lender, saratoga seeks to partner with business owners (equity sponsors, fundless sponsors, family-owned businesses) and management teams and craft capital structures that enable them to pursue their business plans. saratoga focuses on the lower e
Company profile
Ticker
SAR, SAT, SAY, SAZ
Exchange
Website
CEO
Christian Oberbeck
Employees
Incorporated
Location
Fiscal year end
Former names
GSC INVESTMENT CORP., GSC Investment LLC
SEC CIK
Corporate docs
Subsidiaries
Saratoga Investment Funding II LLC ...
IRS number
204876925
SAR stock data
Latest filings (excl ownership)
8-K
Saratoga Investment Corp. Announces Fiscal Third
9 Jan 24
10-Q
2024 Q3
Quarterly report
9 Jan 24
10-Q
2024 Q2
Quarterly report
10 Oct 23
8-K
Saratoga Investment Corp. Announces Fiscal Second
10 Oct 23
8-K
Submission of Matters to a Vote of Security Holders
28 Sep 23
DEF 14A
Definitive proxy
4 Aug 23
8-K
Entry into a Material Definitive Agreement
19 Jul 23
424B3
Prospectus supplement
19 Jul 23
424B3
Prospectus supplement
10 Jul 23
8-K
Entry into a Material Definitive Agreement
10 Jul 23
Transcripts
SAR
Earnings call transcript
2024 Q3
10 Jan 24
SAR
Earnings call transcript
2024 Q2
10 Oct 23
SAR
Earnings call transcript
2024 Q1
11 Jul 23
SAR
Earnings call transcript
2023 Q4
3 May 23
SAR
Earnings call transcript
2023 Q3
11 Jan 23
SAR
Earnings call transcript
2023 Q2
5 Oct 22
SAR
Earnings call transcript
2023 Q1
7 Jul 22
SAR
Earnings call transcript
2023 Q1
7 Jul 22
SAR
Earnings call transcript
2022 Q4
5 May 22
SAR
Earnings call transcript
2022 Q3
7 Jan 22
Latest ownership filings
SC 13G/A
BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C.
14 Feb 24
4
Christian L Oberbeck
15 Dec 23
4
Christian L Oberbeck
18 Aug 23
4
Christian L Oberbeck
8 May 23
4
Christian L Oberbeck
22 Mar 23
SC 13G/A
BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C.
10 Feb 23
4
Christian L Oberbeck
8 Dec 22
4
Christian L Oberbeck
11 Oct 22
4
Christian L Oberbeck
28 Sep 22
4
Christian L Oberbeck
16 Aug 22
Financial summary
Quarter (USD) | Nov 23 | Aug 23 | May 23 | Feb 23 | |
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Diluted EPS |
Annual (USD) | Feb 23 | Feb 22 | Feb 21 | Feb 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 47.03 mm | 47.03 mm | 47.03 mm | 47.03 mm | 47.03 mm | 47.03 mm |
Cash burn (monthly) | 468.80 k | 1.76 k | 14.78 mm | 11.23 mm | 1.63 mm | 9.39 mm |
Cash used (since last report) | 1.87 mm | 7.02 k | 58.93 mm | 44.75 mm | 6.51 mm | 37.44 mm |
Cash remaining | 45.16 mm | 47.02 mm | -11.90 mm | 2.27 mm | 40.52 mm | 9.58 mm |
Runway (months of cash) | 96.3 | 26686.5 | -0.8 | 0.2 | 24.8 | 1.0 |
Institutional ownership, Q3 2023
17.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 65 |
Opened positions | 13 |
Closed positions | 13 |
Increased positions | 29 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 59.84 bn |
Total shares | 2.37 mm |
Total puts | 5.50 k |
Total calls | 39.10 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
Millennium Management | 295.74 k | $7.60 bn |
Two Sigma Investments | 210.62 k | $5.41 bn |
Two Sigma Advisers | 181.30 k | $4.66 bn |
Advisors Asset Management | 140.05 k | $3.60 bn |
Scoggin Management | 113.70 k | $2.92 bn |
WFC Wells Fargo & Co. | 92.43 k | $2.38 bn |
LGEN Legal & General | 87.05 k | $2.24 bn |
Hennion & Walsh Asset Management | 82.97 k | $2.13 bn |
Private Advisor | 82.32 k | $2.12 bn |
LPL Financial | 73.97 k | $1.90 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Dec 23 | Oberbeck Christian L | Common Stock | Gift | Acquire G | Yes | No | 0 | 6,708 | 0.00 | 48,763 |
13 Dec 23 | Oberbeck Christian L | Common Stock | Gift | Dispose G | No | No | 0 | 6,708 | 0.00 | 655,161 |
13 Dec 23 | Oberbeck Christian L | Common Stock | Gift | Dispose G | No | No | 0 | 4,472 | 0.00 | 661,869 |
16 Aug 23 | Oberbeck Christian L | Common Stock | Other | Dispose J | No | No | 0 | 26,495 | 0.00 | 666,341 |
4 May 23 | Oberbeck Christian L | Common Stock | Buy | Acquire P | No | No | 23.81 | 2,000 | 47.62 k | 689,775 |
21 Mar 23 | Oberbeck Christian L | Common Stock | Other | Dispose J | No | No | 0 | 100 | 0.00 | 684,628 |
6 Dec 22 | Oberbeck Christian L | Common Stock | Gift | Dispose G | No | No | 0 | 379 | 0.00 | 681,853 |
5 Dec 22 | Oberbeck Christian L | Common Stock | Gift | Acquire G | Yes | No | 0 | 6,312 | 0.00 | 38,653 |
5 Dec 22 | Oberbeck Christian L | Common Stock | Gift | Dispose G | No | No | 0 | 6,312 | 0.00 | 682,232 |
5 Dec 22 | Oberbeck Christian L | Common Stock | Gift | Dispose G | No | No | 0 | 4,208 | 0.00 | 688,544 |
News
Saratoga Investment Corp. Increases Quarterly Dividend From $0.72 To $0.73 Per Share
15 Feb 24
Why WD-40 Shares Are Trading Higher By Over 17%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
10 Jan 24
Veradigm, Aehr Test Systems, Saratoga Investment And Other Big Stocks Moving Lower On Wednesday
10 Jan 24
Compass Point Downgrades Saratoga Investment to Neutral, Announces $24.75 Price Target
10 Jan 24
Saratoga Investment: Q3 Earnings Insights
9 Jan 24