Saratoga Investment Corp.
SARFinancial ServicesNASDAQAsset Management
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Daily timeframeHeadquartered within the financial services sector, Saratoga Investment Corp. focuses on Asset Management services and products. Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing. At a $319.9M market cap, Saratoga Investment Corp. ranks as a small-cap company within financial services. The fund structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity.
Market Cap
$319.9M
Beta
0.59
P/E (TTM)
19.81
P/E (Fwd)
9.61
EPS (TTM)
$0.99
EPS (Fwd)
$2.04
ROE
4.1%
ROA
4.5%
Cash
$46.1M
Total Debt
$802.7M
Free CF
$96.2M
52W Change
-22.0%
Annual Financials
Cash vs Debt
On the balance sheet, SAR has $46.1M in cash with $802.7M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow comes in at $96.2M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 4.1% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 4.5% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $36.4M (2023) to $49.9M (2026), reflecting a 37% increase over the period.
With a beta below 0.7, Saratoga Investment Corp. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing SAR.