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Saratoga Investment Corp. (SAR)

Financial Services | Asset Management | New York, United States | NYSE
18.24 USD -0.09 (-0.491%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 18.24

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★⯪☆☆
Hot Take | Aug. 22, 2026, 5:25 a.m. EDT

Saratoga Investment Corp. presents a classic value trap scenario where a massive 16% dividend yield masks deteriorating operational health. While the payout is currently sustainable with a low 3% ratio, the underlying business is shrinking; revenue contracted by nearly 5% last year, and the company is burning cash with negative operating flows. The balance sheet is fragile, carrying debt significantly higher than equity, which limits flexibility during downturns. The price action confirms this distress. Despite the attractive yield, the stock has underperformed significantly over the trailing 200 days, dragging down by roughly 16% relative to its average. The market is pricing in a lack of growth and potential capital return cuts, evidenced by the heavy put option activity which acts as a defensive floor rather than a speculative catalyst. The statistical forecast also leans slightly negative, aligning with the weak momentum. For investors, the high yield is a double-edged sword: it offers income now but carries the risk of being cut if the debt burden becomes unsustainable or if the asset management franchise continues to lose scale. The stock is not a 'buy and hold' compounder; it is a distressed income play with limited upside given the weak fundamentals and negative momentum.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.096967
AutoETS0.098831
MSTL0.099856
AutoARIMA0.104653

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 48%
H-stat 5.51
Ljung-Box p 0.000
Jarque-Bera p 0.176
Excess Kurtosis -1.03
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-09-02
Last Dividend Date 2026-08-04
Debt to Equity Ratio 212.109
Revenue per Share 7.723
Market Cap 293,315,904
Trailing P/E 18.61
Forward P/E 8.94
Beta 0.59
Profit Margins 12.70%

As of Aug. 22, 2026, 5:25 a.m. EDT: Speculators are heavily positioned for downside protection, with massive open interest in out-of-the-money puts (strikes 17.5 and 20.0) compared to negligible call volume. This creates a 'put wall' suggesting a floor around current levels, while the lack of significant call buying indicates a lack of aggressive bullish conviction despite the stock trading near its 52-week low.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.31% 14.44% 14.10% 12.06%
Dividend History
Date Dividend Yield %
2026-08-05 0.250 1.309586
2026-07-06 0.250 1.167134
2026-06-04 0.250 1.115573
2026-05-05 0.250 1.076658
2026-04-07 0.250 1.140511
2026-03-03 0.250 1.065644
2026-02-04 0.250 1.067920
2026-01-06 0.250 1.078051
2025-12-02 0.500 2.214349
2025-11-04 0.250 1.128159
2025-10-07 0.250 1.070664
2025-09-04 0.250 1.008471
2025-08-06 0.250 1.015022
2025-07-08 0.250 0.998403
2025-06-05 0.250 1.027116
2025-05-06 0.250 1.005632
2025-04-08 0.250 1.164958
2025-03-06 0.740 3.139584
2024-12-04 1.090 4.520946
2024-09-11 0.740 3.207629
2024-06-13 0.740 3.151618
2024-03-12 0.730 3.154711
2023-12-08 0.720 2.726240
2023-09-13 0.710 2.754073
2023-06-12 0.700 2.557545
2023-03-15 0.690 2.833676
2022-12-14 0.680 2.649007
2022-09-13 0.540 2.160864
2022-06-13 0.530 2.150101
2022-03-11 0.530 1.940681
2022-01-03 0.530 1.826327
2021-09-13 0.520 1.872524
2021-06-14 0.440 1.689708
2021-04-07 0.430 1.667960
2021-01-25 0.420 1.863354
2020-10-23 0.410 2.126556
2020-07-24 0.400 2.368265
2020-01-23 0.560 2.050531
2019-09-12 0.560 2.241793
2019-06-12 0.550 2.271789
2019-03-13 0.540 2.368421
2018-12-14 0.530 2.404719
2018-09-14 0.520 2.171190
2018-06-14 0.510 2.128548
2018-03-13 0.500 2.357379
2017-12-14 0.490 2.208202
2017-09-14 0.480 2.283539
2017-06-13 0.470 2.151030
2017-03-13 0.460 1.959949
2017-01-27 0.450 2.168675
2016-10-27 0.440 2.375810
2016-08-22 0.200 1.111729
2016-07-27 0.430 2.507289
2016-04-13 0.410 2.527744
2016-01-28 0.400 2.919708
2015-10-29 0.360 2.250000
2015-07-30 0.330 1.960784
2015-05-21 1.000 5.807201
2015-04-30 0.270 1.605232
2015-01-29 0.220 1.412974
2014-10-30 0.180 1.193634
2013-11-08 2.650 15.229885
2012-11-16 4.250 27.331189
2011-11-22 0.600 4.636785
2010-11-17 0.373 2.029380
2009-11-23 2.460 10.040816
2008-12-16 2.500 12.690355
2008-08-27 3.900 3.587857
2008-05-28 3.900 3.742802
2008-02-27 3.900 3.568161
2008-01-16 1.800 1.685393
2007-11-28 3.800 3.408072
2007-08-22 3.600 2.926829
2007-05-24 2.400 1.795064
Additional Data
dividendRate 3.0
dividendYield 16.37
exDividendDate 2026-09-03
trailingAnnualDividendRate 3.0
trailingAnnualDividendYield 0.16366613
lastDividendValue 0.25
lastDividendDate 2026-08-05
dividendDate 2026-09-23

Info Dump

Attribute Value
52 Week Change -0.2861057
Address1 535 Madison Avenue
Address2 Fourth Floor
All Time High 145.5
All Time Low 5.94
Ask 18.53
Ask Size 200
Average Daily Volume10 Day 122,300
Average Daily Volume3 Month 145,425
Average Volume 145,425
Average Volume10Days 122,300
Beta 0.594
Bid 18.2
Bid Size 1,900
Book Value 23.234
City New York
Compensation As Of Epoch Date 1,798,675,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 18.24
Current Ratio 0.853
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 18.45
Day Low 18.235
Debt To Equity 212.109
Display Name Saratoga Inv
Dividend Date 1,790,121,600
Dividend Rate 3.0
Dividend Yield 16.37
Earnings Call Timestamp End 1,783,519,200
Earnings Call Timestamp Start 1,783,519,200
Earnings Timestamp 1,783,454,400
Earnings Timestamp End 1,791,316,800
Earnings Timestamp Start 1,791,316,800
Ebitda Margins 0.0
Enterprise To Revenue 8.489
Enterprise Value 1,054,103,040
Eps Current Year 1.95429
Eps Forward 2.04
Eps Trailing Twelve Months 0.98
Esg Populated 0
Ex Dividend Date 1,788,393,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 212 906 7792
Fifty Day Average 19.7448
Fifty Day Average Change -1.5048008
Fifty Day Average Change Percent -0.07621251
Fifty Two Week Change Percent -28.610569
Fifty Two Week High 25.64
Fifty Two Week High Change -7.3999996
Fifty Two Week High Change Percent -0.28861153
Fifty Two Week Low 17.34
Fifty Two Week Low Change 0.8999996
Fifty Two Week Low Change Percent 0.05190309
Fifty Two Week Range 17.34 - 25.64
Financial Currency USD
First Trade Date Milliseconds 1,175,002,200,000
Five Year Avg Dividend Yield 10.55
Forward Eps 2.04
Forward P E 8.941176
Free Cashflow 96,153,192
Full Exchange Name NYSE
Fullday Change -0.0900002
Fullday Change Percent -0.490999
Fullday Price 18.24
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 124,171,224
Has Pre Post Market Data 1
Held Percent Insiders 0.13864
Held Percent Institutions 0.11382
Implied Shares Outstanding 16,080,916
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,785,888,000
Last Dividend Value 0.25
Last Fiscal Year End 1,772,236,800
Last Split Date 1,281,657,600
Last Split Factor 1:10
Long Business Summary Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. 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. The fund prefers to invest in aerospace, automotive aftermarket and services, business products and services, consumer products and services, education, environmental services, industrial services, financial services, food and beverage, healthcare products and services, logistics, distribution, manufacturing, restaurants services, food services, software services, technology services, specialty chemical, media and telecommunications. The fund seeks to invest in the United States. The fund primarily invests between $60 million and $75 million in companies having EBITDA of $2 million or greater and revenues between $10 million and $150 million. It targets annual revenues between $8 and $250 million. The fund prefers to take a majority stake. The fund invests through direct lending as well as participation in loan syndicates.
Long Name Saratoga Investment Corp.
Market us_market
Market Cap 293,315,904
Market State CLOSED
Max Age 86,400
Message Board Id finmb_29730115
Most Recent Quarter 1,780,185,600
Net Income To Common 15,768,922
Next Fiscal Year End 1,803,772,800
Non Diluted Market Cap 294,763,190
Number Of Analyst Opinions 5
Open 18.28
Operating Cashflow -146,286,848
Operating Margins 0.6897
Payout Ratio 3.0612
Phone 212 906 7800
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 18.24
Post Market Time 1,787,959,806
Previous Close 18.33
Price Eps Current Year 9.333313
Price Hint 2
Price To Book 0.7850564
Price To Sales Trailing12 Months 2.362189
Profit Margins 0.12699
Quick Ratio 0.674
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.0900002
Regular Market Change Percent -0.490999
Regular Market Day High 18.45
Regular Market Day Low 18.235
Regular Market Day Range 18.235 - 18.45
Regular Market Open 18.28
Regular Market Previous Close 18.33
Regular Market Price 18.24
Regular Market Time 1,787,947,202
Regular Market Volume 123,893
Return On Assets 0.044949997
Return On Equity 0.040700004
Revenue Growth -0.048
Revenue Per Share 7.723
Sand P52 Week Change 0.20204377
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 16,080,916
Shares Percent Shares Out 0.0446
Shares Short 717,206
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 734,124
Short Name Saratoga Investment Corp New
Short Percent Of Float 0.0499
Short Ratio 4.95
Source Interval 15
State NY
Symbol SAR
Target High Price 23.0
Target Low Price 20.0
Target Mean Price 21.2
Target Median Price 21.0
Total Cash 46,140,916
Total Cash Per Share 2.829
Total Debt 802,738,560
Total Revenue 124,171,224
Tradeable 0
Trailing Annual Dividend Rate 3.0
Trailing Annual Dividend Yield 0.16366613
Trailing Eps 0.98
Trailing P E 18.612244
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 22.01325
Two Hundred Day Average Change -3.7732506
Two Hundred Day Average Change Percent -0.17140815
Type Disp Equity
Volume 123,893
Zip 10,022