{"id":452,"date":"2015-10-14T20:28:41","date_gmt":"2015-10-14T20:28:41","guid":{"rendered":"http:\/\/henristeenkamp.com\/?p=452"},"modified":"2019-05-06T19:34:55","modified_gmt":"2019-05-06T19:34:55","slug":"saratoga-announces-q2-2016-financial-results-further-increases-quarterly-dividend-to-0-36-from-0-33-per-share","status":"publish","type":"post","link":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/saratoga-announces-q2-2016-financial-results-further-increases-quarterly-dividend-to-0-36-from-0-33-per-share\/","title":{"rendered":"Saratoga Announces Q2 2016 Financial Results: Further Increases Quarterly Dividend to $0.36 from $0.33 per share"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-109\" src=\"http:\/\/henristeenkamp.com\/wp-content\/uploads\/2015\/01\/Screen-Shot-2015-01-02-at-3.08.27-PM-e1420229462616.png\" alt=\"Henri Steenkamp Saratoga Investment Corp.\" width=\"491\" height=\"114\" \/><\/p>\n<p>NEW YORK, October 13, 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 second quarter.<\/p>\n<p>Summary Financial Information<\/p>\n<ul>\n<li>Net asset value (\u201cNAV\u201d) was $125.3 million as of August 31, 2015, a $1.8 million increase from an NAV of $123.5 million as of May 31, 2015 and a $2.7 million increase from an NAV of $122.6 million as of February 28, 2015.\n<ul>\n<li>For the six months ended August 31, 2015, $8.7 million of dividends declared was more than offset by $5.4 million of net investment income, $3.8 million of net realized gains and $3.0 million of stock dividend distributions.<\/li>\n<\/ul>\n<\/li>\n<li>NAV per share was $22.42 as of August 31, 2015, compared to $22.70 as of February 28, 2015.<\/li>\n<li>Net investment income on a weighted average per share basis of $0.66 for the quarter ended August 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 $0.52, an increase of $0.09, or 21% from the quarter ended August 31, 2014.\n<ul>\n<li>Earnings per share for the quarter ended August 31, 2015 was $0.22, a decrease of $0.37 from the quarter ended August 31, 2014 \u2013 the increase in net investment income from $2.1 million last year to $3.7 million this year was offset by a net loss on investments of $2.4 million this quarter as compared to a net gain of $1.1 million last year. The $2.4 million net loss for the quarter ended August 31, 2015 consists of $3.7 million net realized gains offset by $6.1 million net unrealized depreciation.<\/li>\n<\/ul>\n<\/li>\n<li>Net investment income of $3.7 million for the quarter ended August 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 $0.6 million, or 26% from the quarter ended August 31, 2014.<\/li>\n<li>Net investment income yield as percentage of average net asset value (\u201cNet Investment Income Yield\u201d) was 11.8% for the quarter ended August 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 150 bps from the quarter ended August 31, 2014.<\/li>\n<li>Return on equity for the quarter ended August 31, 2015 was 4.0%.<\/li>\n<li>Investment portfolio activity for the quarter ended August 31, 2015:\n<ul>\n<li>Cost of investments made during the period: $18.9 million<\/li>\n<li>Principal repayments during the period: $27.4 million<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><a href=\"http:\/\/ir.saratogainvestmentcorp.com\/releasedetail.cfm?ReleaseID=936492\" target=\"_blank\" rel=\"noopener noreferrer\">Click here for the full details.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, October 13, 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 second quarter. Summary Financial Information Net asset value (\u201cNAV\u201d) was $125.3 million as of August 31, 2015, a $1.8 million increase from an NAV of $123.5 million as [&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":[94,98,110,112,113],"class_list":["post-452","post","type-post","status-publish","format-standard","hentry","category-blog","category-saratoga-newsletter","category-saratoga-posts","category-saratoga-press-releases","tag-press-release","tag-q2","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\/452","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=452"}],"version-history":[{"count":0,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/posts\/452\/revisions"}],"wp:attachment":[{"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/media?parent=452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/categories?post=452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/tags?post=452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}