Saratoga Investment Corp. Receives Approval of Second SBIC License Providing Up to $175 Million of Additional Growth Capital
Saratoga Investment Corp New (SAR)
Last saratoga investment corp new earnings: 1/8 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
ir.saratogainvestmentcorp.com
Company Research
Source: GlobeNewswire
NEW YORK, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that it has received notification from the Small Business Administration (“SBA”) that the Company’s application for a second Small Business Investment Company (“SBIC”) license has been approved. The new license will provide up to $175 million in additional long-term capital in the form of SBA debentures. As a result of the 2016 omnibus spending bill signed into law in December 2015, the maximum amount of SBA-guaranteed debentures that affiliated SBIC funds can have outstanding was increased from $225 million to $350 million. With this license approval, Saratoga will grow its SBA relationship from $150 million to $325 million of committed capital. “We are excited to grow our relationship with the SBA through a second SBIC license,” said Christian L. Oberbeck, Chairman and Chief Executive Officer of Sa
Show less
Read more
Impact Snapshot
Event Time:
SAR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SAR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SAR alerts
High impacting Saratoga Investment Corp New news events
Weekly update
A roundup of the hottest topics
SAR
News
- Saratoga Investment Corp: The Leverage Is Too Excessive For Going Long [Seeking Alpha]Seeking Alpha
- Business Development Companies And The Private Credit Market [Forbes]Forbes
- Saratoga Investment Corp. (NYSE: SAR) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Saratoga Investment Corp. Increases Quarterly Dividend by $0.01, or 1.4%, to $0.73 per Share for the Fiscal Fourth Quarter Ended February 29, 2024GlobeNewswire
- Saratoga Investment Corp. (NYSE: SAR) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
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