Saratoga Investment Corp: The Leverage Is Too Excessive For Going Long [Seeking Alpha]
Saratoga Investment Corp New (SAR)
Last saratoga investment corp new earnings: 1/8 04:05 pm
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US:NYSE Investor Relations:
ir.saratogainvestmentcorp.com
Company Research
Source: Seeking Alpha
There is some exposure to collateralized loan obligations (CLOs) through separate subsidiaries and joint ventures, but these amounts are limited. On a YTD basis, SAR has underperformed the index. Looking at the fundamentals and the most recent earnings packet, the YTD price correction is not sufficient to justify the underlying risks. I elaborate on the key reasons why, in my opinion, SAR is too speculative for prudent investors. Saratoga Investment Corp ( NYSE: SAR ) is a business development company or BDC with a rather conventional focus - i.e., investing and issuing loans to the lower end of the middle market companies that are already cash flow positive with annual sales between $8 and $250 million, and EBITDA north of $2 million. While this is the core business, SAR has also made allocations through separate subsidiaries into collateralized loan obligations or CLO funds. Plus, SAR has stepped into a joint venture with other partners in managing some additional amount
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SAR
News
- Saratoga Investment Corp. to Report Fiscal Fourth Quarter 2024 Financial Results and Hold Conference Call [Yahoo! Finance]Yahoo! Finance
- Saratoga Investment Corp. to Report Fiscal Fourth Quarter 2024 Financial Results and Hold Conference CallGlobeNewswire
- Saratoga Investment Corp. (NYSE: SAR) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- What's So Interesting About Baby Bonds? [Forbes]Forbes
- Business Development Companies And The Private Credit Market [Forbes]Forbes
SAR
Earnings
- 1/9/24 - Miss
SAR
Sec Filings
- 3/28/24 - Form 8-K
- 3/12/24 - Form 40-17G
- 2/14/24 - Form SC
- SAR's page on the SEC website