Company profile

Ticker
SAR
Exchange
CEO
Chris L. Oberbeck
Employees
Incorporated in
Location
Fiscal year end
Former names
GSC Investment Corp., GSC Investment LLC
SEC CIK
IRS number
204876925

SAR stock data

(
)

Calendar

9 Oct 19
20 Oct 19
28 Feb 20

News

Financial report summary

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Management Discussion
  • For the three months ended August 31, 2019, total investment income increased $2.5 million, or 21.8% to $13.9 million from $11.4 million for the three months ended August 31, 2018. Interest income from investments increased $1.4 million, or 13.8%, to $11.7 million for the three months ended August 31, 2019 from $10.3 million for the three months ended August 31, 2018. This reflects the partial period impact of the increase of $94.0 million, or 23.9% in total investments at August 31, 2019 from $392.9 million at August 31, 2018. At August 31, 2019, the weighted average current yield on investments was 10.1% compared to 10.8% at August 31, 2018, which offset some of the increase.
  • For the six months ended August 31, 2019, total investment income increased $4.7 million, or 21.7% to $26.6 million from $21.9 million for the six months ended August 31, 2018. Interest income from investments increased $3.4 million, or 17.2%, to $23.3 million for the six months ended August 31, 2019 from $19.9 million for the six months ended August 31, 2018. This reflects the partial period impact of the increase of $94.0 million, or 23.9% in total investments at August 31, 2019 from $392.9 million at August 31, 2018.
  • For the three months ended August 31, 2019 and August 31, 2018, total PIK income was $1.2 million and $0.8 million, respectively. For the six months ended August 31, 2019 and August 31, 2018, total PIK income was $2.4 million and $1.6 million, respectively. This increase was primarily due to the increase in investment in Easy Ice, LLC, which primarily generates PIK income.
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