Saratoga Investment stock falls 1.94 percent on note offering
Published on 09/23/2026 at 17:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Saratoga Investment stock was trading at USD 17.41 on the NYSE at 11:52 a.m. ET on September 23, 2026, down 1.94 percent from the prior close. The move followed the company's September 22 announcement of an additional offering of 8.00% notes due 2031, with proceeds intended for debt repayment or note redemption.
Note offering adds a funding test
According to Investing.com on September 22, 2026, Saratoga Investment began a registered offering of additional 8.00% notes due 2031. The notes carry the NYSE symbol SAX, while Saratoga Investment stock trades under SAR.
The new issue ranks equally with USD 85.00 million issued on August 26, 2026, and USD 12.75 million issued on September 2, 2026. Management said proceeds may repay part of the company's special purpose vehicle financing facility or redeem its 8.00% notes due 2027.
Income fell in fiscal Q1
Saratoga Investment reported fiscal first quarter 2027 results for the period ended May 31, 2026. StockTitan reported net investment income of USD 7.6 million, or USD 0.47 per share, down from USD 0.66 a year earlier. Earnings per share were a loss of USD 0.42 after USD 15.2 million of net unrealized depreciation.
Assets under management reached USD 1.126 billion after USD 31 million of net originations, including two new portfolio companies. The contrast is important: asset growth continued, but the quarterly earnings comparison points to pressure from portfolio valuations and financing costs.
Dividend and results set dates
Yahoo Finance reported on September 9, 2026, that the board declared a base dividend of USD 0.75 per share for fiscal Q3 2027, paid in three monthly installments of USD 0.25.
The next scheduled checkpoint is fiscal second quarter 2027 results for the period ended August 31, 2026. StockTitan said the report is due after market close on October 6, 2026, followed by a conference call on October 7, 2026.
Stock stays below yearly high
Saratoga Investment stock traded 29.80 percent below its 52-week high of USD 24.80 and USD 0.41 above its 52-week low of USD 17.00 on September 23, 2026. Its market capitalization was USD 283,886,010, giving the funding decision and the October results a direct bearing on how investors assess income stability.
Saratoga Investment market data
- Company: Saratoga Investment Corp.
- Ticker: SAR
- Trading venue: NYSE
- Price as of September 23, 2026, 11:52 a.m. ET: USD 17.41
- Market capitalization: USD 283,886,010 (as of September 23, 2026)
- 52-week range: USD 17.00-24.80 (as of September 23, 2026)
- Sector / Industry: Financial Services / Asset Management
