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Upturn AI SWOT - About
SAR 
Saratoga Investment Corp (SAR)
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Upturn Advisory Summary
10/15/2025: SAR (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
8 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $23.42
1 Year Target Price $23.42
| 3 | Strong Buy |
| 1 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -9.11% | Avg. Invested days 50 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/15/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 347.20M USD | Price to earnings Ratio 9.29 | 1Y Target Price 23.42 |
Price to earnings Ratio 9.29 | 1Y Target Price 23.42 | ||
Volume (30-day avg) 8 | Beta 0.73 | 52 Weeks Range 19.86 - 25.13 | Updated Date 10/17/2025 |
52 Weeks Range 19.86 - 25.13 | Updated Date 10/17/2025 | ||
Dividends yield (FY) 13.44% | Basic EPS (TTM) 2.32 |
Earnings Date
Report Date 2025-10-08 | When - | Estimate 0.6517 | Actual 0.58 |
Profitability
Profit Margin 27.19% | Operating Margin (TTM) 70.01% |
Management Effectiveness
Return on Assets (TTM) 4.82% | Return on Equity (TTM) 9.04% |
Valuation
Trailing PE 9.29 | Forward PE 9.53 | Enterprise Value 1018341184 | Price to Sales(TTM) 2.67 |
Enterprise Value 1018341184 | Price to Sales(TTM) 2.67 | ||
Enterprise Value to Revenue 23.87 | Enterprise Value to EBITDA - | Shares Outstanding 16103948 | Shares Floating 13617173 |
Shares Outstanding 16103948 | Shares Floating 13617173 | ||
Percent Insiders 13.58 | Percent Institutions 15.6 |
Upturn AI SWOT
Saratoga Investment Corp
Company Overview
History and Background
Saratoga Investment Corp. was founded in 2006. It is a specialty finance company that invests in and provides financing to privately held middle-market companies in the United States. Saratoga Investment Corp. went public in 2007, trading under the ticker SAR.
Core Business Areas
- Investment: Providing debt and equity capital to established middle-market companies in various industries.
- Saratoga Investment Advisors: Management of Saratoga Investment Corp. and advisory services to portfolio companies.
Leadership and Structure
The company is led by a board of directors and an executive management team. Michael J. Grisius serves as President and CEO. The structure consists of investment teams, operations, and compliance functions.
Top Products and Market Share
Key Offerings
- First Lien Debt: Providing senior secured loans to middle-market companies. Market share information is not publicly available in a consolidated format. Competitors include other BDCs like Ares Capital, Apollo Investment and Main Street Capital
- Second Lien Debt: Offering subordinated loans to companies, often alongside equity co-investments. Market share information is not publicly available in a consolidated format. Competitors include other BDCs like Ares Capital, Apollo Investment and Main Street Capital.
- Equity Co-Investments: Investing directly in the equity of portfolio companies. Market share information is not publicly available in a consolidated format. Competitors include other BDCs like Ares Capital, Apollo Investment and Main Street Capital.
Market Dynamics
Industry Overview
The business development company (BDC) industry is subject to economic cycles and interest rate fluctuations. Demand is driven by middle-market companies seeking capital, and growth depends on the overall health of the economy.
Positioning
Saratoga Investment Corp focuses on smaller end of middle-market companies. Competitive advantage is strong management team and their network of relationships in middle-market lending.
Total Addressable Market (TAM)
The TAM for middle-market lending is estimated to be in the hundreds of billions of dollars. Saratoga's position is dependent on its ability to source and win deals.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Strong relationships with middle market companies
- Proven track record of sourcing and managing investments
- Stable dividend payout
Weaknesses
- Reliance on external financing
- Sensitivity to interest rate changes
- Concentration risk within its portfolio
- Relatively smaller size compared to larger BDCs
Opportunities
- Growing demand for capital in the middle market
- Expanding into new industry verticals
- Strategic acquisitions of smaller BDCs
- Favorable regulatory changes for BDCs
Threats
- Economic downturn impacting portfolio companies
- Increased competition from other BDCs and direct lenders
- Rising interest rates increasing borrowing costs
- Regulatory changes negatively impacting BDC operations
Competitors and Market Share
Key Competitors
- ARCC
- MAIN
- ORCC
- TCRD
Competitive Landscape
Saratoga Investment Corp competes with larger BDCs and direct lenders. Its advantages include its experienced team, network, and focus on the lower end of the middle market. Disadvantages include smaller AUM size
Major Acquisitions
Hopewell Gear, Inc.
- Year: 2014
- Acquisition Price (USD millions): 21.3
- Strategic Rationale: To support diversification and portfolio company growth.
Growth Trajectory and Initiatives
Historical Growth: Growth has been driven by successful deployment of capital into middle-market companies.
Future Projections: Future growth projections are dependent on economic conditions and the company's ability to source attractive investment opportunities.
Recent Initiatives: Recent initiatives include expanding the investment team and focusing on specific industry sectors.
Summary
Saratoga Investment Corp is a middle-market lender with a seasoned management team. The company's strength lies in its ability to source and manage investments. However, its smaller size relative to competitors and reliance on external financing are weaknesses. Monitoring economic conditions and managing portfolio risk are crucial for its success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Analyst Reports
- Industry Publications
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market share data is estimated based on available information and may not be precise. Investment decisions should be based on thorough due diligence and consultation with a financial professional.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Saratoga Investment Corp
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2007-03-23 | Chairman, President & CEO Mr. Christian Long Oberbeck | ||
Sector Financial Services | Industry Asset Management | Full time employees 1768642 | |
Full time employees 1768642 | |||
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 $5 million and $75 million in companies having EBITDA of $2 million or greater and revenues between $5 million and $250 million. The fund prefers to take a majority stake. The fund invests through direct lending as well as participation in loan syndicates.
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