Saratoga Investment

Q1 FY2027 EarningsSaratoga Investment Corp. (SAR) reported a net decrease in net assets of $6.9M for Q1 FY27, with a diluted loss per share of $0.42. Total investment income fell 4.8% YoY to $30.8M, primarily due to lower interest from cash equivalents and reduced base rates (SOFR). Net investment income dropped 25.1% YoY to $7.6M. The investment portfolio grew 16.3% YoY to $1.13B, while the asset coverage ratio remained stable at 162.6%. NAV per share decreased from $24.42 to $23.23 QoQ, largely driven by $15.2M in net unrealized depreciation.