Saratoga Investment (SAR) delivered earnings and revenue surprises of -2.08% and 1.75%, respectively, for the quarter ended February 2024. Do the numbers hold clues to what lies ahead for the stock?
Performance Aligned with Analyst Projections Amidst Market Challenges
NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its 2024 fiscal year and fourth quarter, with Net Investment Income (“NII”) per share up 53% from last year and up 16% over last year’s fourth quarter, and adjusted NII per share up 44% from last year and down 4% from last year’s fourth quarter. The substantial year-over-year increase in NII reflect