{"id":288,"date":"2015-07-15T12:30:11","date_gmt":"2015-07-15T12:30:11","guid":{"rendered":"http:\/\/henristeenkamp.com\/?p=288"},"modified":"2019-05-06T19:35:01","modified_gmt":"2019-05-06T19:35:01","slug":"saratoga-announces-first-quarter-2016-results","status":"publish","type":"post","link":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/saratoga-announces-first-quarter-2016-results\/","title":{"rendered":"Saratoga Investment Corp. Announces Fiscal First Quarter 2016 Financial Results; Further Increases Quarterly Dividend to $0.33 from $0.27 per share"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/henristeenkamp.com\/wp-content\/uploads\/2015\/01\/Screen-Shot-2015-01-02-at-3.08.27-PM-e1420229462616-300x69.png\" alt=\"Henri Steenkamp Saratoga Investment Corp.\" width=\"300\" height=\"69\" class=\"aligncenter size-medium wp-image-109\" \/><\/p>\n<p>NEW YORK, July 14, 2015 \u2013 Saratoga Investment Corp. (NYSE:SAR) (\u201cSaratoga Investment\u201d or \u201cthe Company\u201d), a business development company, today announced financial results for its 2016 fiscal first quarter.<\/p>\n<p>Summary Financial Information:<\/p>\n<ul>\n<li>Net investment income on a weighted average per share basis of $0.33 for the quarter ended May 31, 2015. Adjusted for the incentive fee accrual related to net unrealized capital gains, the net investment income on a weighted per share basis was $0.53, an increase of $0.13, or 33% from the quarter ended May 31, 2014.<\/li>\n<li>Net investment income of $1.8 million for the quarter ended May 31, 2015. Adjusted for the incentive fee accrual related to net unrealized capital gains, the net investment income was $2.9 million, an increase of $0.7 million, or 33% from the quarter ended May 31, 2014.<\/li>\n<li>Net investment income yield as percentage of average net asset value (\u201cNet Investment Income Yield\u201d) was 5.8% for the quarter ended May 31, 2015. Adjusted for the incentive fee accrual related to net unrealized capital gains, the Net Investment Income Yield was 9.3%, an increase of 180 bps from the quarter ended May 31, 2014.<\/li>\n<li>Return on equity for the quarter ended May 31, 2015 was 24.0%.<\/li>\n<li>Earnings per share for the quarter ended May 31, 2015 was $1.36, an increase of $1.03 or 312% from the quarter ended May 31, 2014.<\/li>\n<li>Net asset value (\u201cNAV\u201d) was $123.5 million as of May 31, 2015, an $8.3 million increase from an NAV of $115.2 million as of May 31, 2014.<\/li>\n<li>NAV per share was $22.75 as of May 31, 2015, compared to $21.41 as of May 31, 2014.<\/li>\n<li>Investment portfolio activity for the quarter ended May 31, 2015:\n<ul>\n<li>Cost of investments made during the period: $23.2 million<\/li>\n<li>Principal repayments during the period: $7.3 million<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.prnewswire.com\/news-releases\/saratoga-investment-corp-announces-fiscal-first-quarter-2016-financial-results-300113266.html\" target=\"_blank\" style=\"color: #ef4136\" rel=\"noopener noreferrer\">You can view the full press release here for more details.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, July 14, 2015 \u2013 Saratoga Investment Corp. (NYSE:SAR) (\u201cSaratoga Investment\u201d or \u201cthe Company\u201d), a business development company, today announced financial results for its 2016 fiscal first quarter. Summary Financial Information: Net investment income on a weighted average per share basis of $0.33 for the quarter ended May 31, 2015. Adjusted for the incentive [&hellip;]<\/p>\n","protected":false},"author":1176,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_mi_skip_tracking":false,"footnotes":""},"categories":[3,8,9,10],"tags":[94,110,112,113],"class_list":["post-288","post","type-post","status-publish","format-standard","hentry","category-blog","category-saratoga-newsletter","category-saratoga-posts","category-saratoga-press-releases","tag-press-release","tag-saratoga","tag-saratoga-investment","tag-saratoga-investment-corp"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/posts\/288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/users\/1176"}],"replies":[{"embeddable":true,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/comments?post=288"}],"version-history":[{"count":0,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/posts\/288\/revisions"}],"wp:attachment":[{"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/media?parent=288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/categories?post=288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/tags?post=288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}