Overview * Saratoga Investment Corp fiscal Q2 NAV rises 3.6% from previous quarter, NAV per share up 0.4% * Company's LTM ROE of 9.1% beats BDC industry average of 7.3% Outlook * Company anticipates net increase in investments of $39.5 mln * Saratoga Investment sees strong pipeline despite geopolitical tensions * Saratoga Investment expects resilience in portfolio amid macro uncertainty Result Drivers * NAV GROWTH – Saratoga reports a 3.6% increase in NAV and a 0.4% rise in NAV per share from the previous quarter * ROE PERFORMANCE – Achieved quarterly ROE of 13.8% and LTM ROE of 9.1%, exceeding the BDC industry average of 7.3% * PORTFOLIO MANAGEMENT – Zollege investment returned to accrual status, reducing non-accrual investments to 0.2% of portfolio fair value Key Details Metric Beat/Mis Actual Consensu s s Estimate Q2 EPS $0.84 Q2 $995.30 Assets mln Under Manageme nt Q2 Net $25.61 Asset Value Per Share Q2 ROE 9.1% LTM Analyst Coverage * The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell" * The average consensus recommendation for the investment management & fund operators peer group is "buy." * Wall Street's median 12-month price target for Saratoga Investment Corp is $24.00, about 1.7% below its October 6 closing price of $24.41 * The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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