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AI brief of an SEC Form 8-K · SARATOGA INVESTMENT CORP. (SAR)

Saratoga Investment posts Q2 loss of $0.41 per share; NAV drops to $22.15

Mixed Impact 3 of 5 earnings Written later

Saratoga Investment reported fiscal second-quarter 2027 results for the period ended August 31, 2026, showing a loss of $0.41 per share, compared with earnings of $0.84 a year earlier. Net asset value per share fell to $22.15 from $23.23 in the prior quarter, while total investment income rose 2.0% year over year to $31.2 million. The results matter to shareholders because the NAV decline reflects portfolio markdowns and dividends above earnings, while the $0.75 per share quarterly dividend was unchanged.

Key points

  • Earnings per share were $(0.41), versus $(0.42) in the prior quarter and $0.84 a year earlier.
  • NAV per share fell to $22.15 from $23.23 on May 31, 2026; total NAV was $352.6 million, down $25.9 million for the quarter.
  • Adjusted net investment income was $0.46 per share, compared with $0.47 last quarter; total investment income was $31.2 million.
  • The company repurchased 444,124 shares at an average price of $18.91 and declared a $0.75 per share dividend for the third quarter of fiscal 2027.

The filing

CompanySARATOGA INVESTMENT CORP. (SAR)
Form8-K, current report
Filed with the SECOct 6, 2026, 4:06 PM ET
Accession number0001213900-26-107199

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 06, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.