Saratoga Investment AUM Up 1.6% to $1.126B, NAV Per Share Down 4.9%
SAR•Saratoga Investment Corp. grew assets under management 1.6% sequentially to $1.126 billion and generated $31 million of net originations in Q1 2027, while NAV per share fell 4.9% to $23.23. The company reported a $0.42 per share loss and declared a $0.75 quarterly dividend yielding 14.0%.
1. Q1 2027 Financial Highlights
Saratoga Investment Corp. saw assets under management rise 1.6% to $1.126 billion in Q1 2027, driven by $79.2 million in new originations offsetting $48.4 million in repayments for net originations of $31 million. Total investment income was $30.8 million, adjusted net investment income was $0.47 per share, and earnings per share was a loss of $0.42.
2. Portfolio Valuations and Quality
Net asset value decreased 4.5% to $378.5 million, or $23.23 per share, reflecting $15.2 million in portfolio markdowns including $9.9 million in non-CLO core credits and market multiple adjustments. Non-accruals fell to 0.0% of fair value, and annualized return on equity was 4.0%, above the BDC industry average of 2.4%.
3. Dividend and Yield Details
The board declared a $0.75 quarterly dividend, maintaining a $0.25 monthly rate per share and representing a 14.0% yield based on recent share prices. This continues the company’s focus on strong income distributions while preserving portfolio credit quality in a competitive private credit environment.
