NYSE: SAT
Saratoga Investment Corp 6.00%
Financial Services · Asset Management
Market Cap
$406.22M
52w High
$25.27
52w Low
$24.16
P/E
9.53
Volume
1.93K
Outstanding Shares
16.18M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 2.03% over the last year. Revenue grew 22.29% over the trailing twelve months. Operating margin moved from 33.95% to 43.09%. Free cash flow declined 73.77% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 43.09%. A decisive move in revenue — currently up 22.29% — would be the clearest signal to resolve the ambiguity.
Company profile
Saratoga Investment Corp. is a specialty finance company that invests primarily in leveraged loans and mezzanine debt issued by U.S. middle-market companies, both through direct lending and through participation in loan syndicates.
Valuation
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 13, 2026
Q3 FY26 · EPS est $0.56 · Revenue est $30.85M
View
Dividends
$1.50/shareQuarterlyEx-div May 15, 2026 · in 1dStretchedSAT pays a dividend with a 5.98% declared yield, covered 0.7× by free cash flow.
Declared Yield
5.98%
Annual Div / Share
$1.50
TTM $3.25
3yr CAGR
-2.96%
Payout Ratio
143.03%
Stretched
Dividend Growth Rate
3yr CAGR
-2.96%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$5/mo
In 5 yrs
$5/mo
In 10 yrs
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$60/yr $5/mo | $60/yr $5/mo | $60/yr $5/mo |
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
High payout ratio
With 143.03% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.
Dividend exceeds free cash flow
Free cash flow covers only 0.70× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.