SAR Saratoga Investment (SAR) Q1 FY27 earnings call
Saratoga Investment Corp. navigated a challenging Q1 FY27 with strong net originations and continued AUM growth, reaching nearly record levels. Despite these operational successes, the company faced pressure on adjusted NII due to lower interest rates and tighter spreads, leading to a decline in NAV per share. Management remains focused on disciplined underwriting and leveraging its robust pipeline to drive long-term accretive growth, while actively managing credit quality in a volatile market.
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SAR operating KPIs by quarter
| KPI | This call May 2026 Q1 FY27 | Aug 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|
| Assets under management (AUM) | $1.126BSaratoga Investment Corp's highlights this quarter include net positive originations of $31 million, including two new portfolio companies originated in the quarter, sustained long-term AUM growth, with AUM growing 1.6% during the quarter and reaching close to a record level of $1.126 billion.Source: earnings call transcript | $1.15BThis quarter had numerous highlights and subsequent to the quarter, including net positive originations of $37.1 million, including 2 new non-software portfolio companies originated in the quarter and sustained high-quality AUM growth with AUM growing 2.1% and during the quarter and reaching a record level of $1.15 billion.Source: earnings call transcript | +2.1% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.