Saratoga Investment (NYSE:SAR) saw its stock rise in after-hours trading after the business released its first-quarter earnings.
Quarterly Findings
Earnings per share increased 9.80% year over year to $0.56, beating the $0.50 forecast.
Revenue of $16,816,000 was up 26.46 percent year over year, beating the $14,770,000 projection.
For the time being, Saratoga Investment hasn’t provided any earnings guidance.
For the time being, the company has not provided revenue guidance.
Technicals
$27.35 is the 52-week high.
The 52-week low for the company was $15.00.
Last quarter’s price movement: 5.44 percent increase
Company Description
Saratoga Investment Corp is a specialized finance business that typically invests in leveraged loans and mezzanine debt issued by US private middle-market companies. The company’s investing goal is to generate current income and, to a lesser extent, capital appreciation from its holdings. Its portfolio includes investments in leveraged loans, which are senior debt instruments that rank above the portfolio company’s subordinated debt issued by middle-market corporations. It also makes equity investments in middle-market companies and purchases mezzanine debt, which is unsecured and subordinated to the portfolio company’s senior debt./n
