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Upturn AI SWOT - About
SAR 
Saratoga Investment Corp (SAR)
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Upturn Advisory Summary
06/30/2025: SAR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $24.96
1 Year Target Price $24.96
| 3 | Strong Buy |
| 1 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -9.43% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 379.21M USD | Price to earnings Ratio 12.22 | 1Y Target Price 24.96 |
Price to earnings Ratio 12.22 | 1Y Target Price 24.96 | ||
Volume (30-day avg) 8 | Beta 0.74 | 52 Weeks Range 19.07 - 25.05 | Updated Date 06/30/2025 |
52 Weeks Range 19.07 - 25.05 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 12.16% | Basic EPS (TTM) 2.02 |
Earnings Date
Report Date 2025-07-07 | When Before Market | Estimate - | Actual - |
Profitability
Profit Margin 18.87% | Operating Margin (TTM) 75.66% |
Management Effectiveness
Return on Assets (TTM) 5.66% | Return on Equity (TTM) 7.36% |
Valuation
Trailing PE 12.22 | Forward PE 9.09 | Enterprise Value 1012809408 | Price to Sales(TTM) 2.55 |
Enterprise Value 1012809408 | Price to Sales(TTM) 2.55 | ||
Enterprise Value to Revenue 27.57 | Enterprise Value to EBITDA - | Shares Outstanding 15364900 | Shares Floating 13282157 |
Shares Outstanding 15364900 | Shares Floating 13282157 | ||
Percent Insiders 14.32 | Percent Institutions 17.49 |
Analyst Ratings
Rating 3 | Target Price 24.96 | Buy 1 | Strong Buy 3 |
Buy 1 | Strong Buy 3 | ||
Hold 4 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Saratoga Investment Corp
Company Overview
History and Background
Saratoga Investment Corp. (SAR) was founded in 2007 and is a specialty finance company that invests primarily in leveraged loans and mezzanine debt. The company focuses on providing financing to lower middle market companies in the United States.
Core Business Areas
- Senior and Unitranche Debt: Saratoga provides senior and unitranche loans to established lower middle market companies.
- Second Lien Debt: The company offers second lien debt financing solutions, which typically involve higher interest rates and subordinated positions.
- Equity Investments: Saratoga may make equity investments alongside its debt investments to enhance overall returns.
Leadership and Structure
Saratoga Investment Corp. is led by a management team with experience in investment banking and private equity. The company operates as a business development company (BDC) under the Investment Company Act of 1940.
Top Products and Market Share
Key Offerings
- Direct Lending: Saratoga provides direct lending services to lower middle market companies, facilitating growth, acquisitions, and recapitalizations. Market share data is not readily available but they are a small player in a large space, focusing on companies with revenues generally between $20 million and $250 million. Competitors include Ares Capital Corp (ARCC), Main Street Capital (MAIN), and Prospect Capital Corp (PSEC).
Market Dynamics
Industry Overview
The specialty finance industry is characterized by high competition among BDCs to deploy capital in the lower middle market. The industry is influenced by interest rate environments and the overall economic climate.
Positioning
Saratoga Investment Corp. is positioned as a direct lender focused on the lower middle market, differentiating itself through its emphasis on due diligence and portfolio management.
Total Addressable Market (TAM)
The TAM for lower middle market lending in the US is estimated to be in the hundreds of billions of dollars annually. Saratoga captures a small fraction, with ample opportunity for growth.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Focus on lower middle market
- Strong due diligence process
- Solid dividend history
Weaknesses
- Relatively small market capitalization
- Exposure to credit risk in portfolio companies
- Dependence on capital markets for funding
- Higher operating costs compared to some larger BDCs
Opportunities
- Increase market share in the lower middle market
- Expand into new sectors within the lower middle market
- Benefit from favorable regulatory changes
- Potential acquisitions of smaller BDCs
Threats
- Economic downturn impacting portfolio companies
- Increased competition from other BDCs and lenders
- Rising interest rates increasing borrowing costs
- Regulatory changes affecting BDCs
Competitors and Market Share
Key Competitors
- ARCC
- MAIN
- PSEC
- TCPC
- FSK
Competitive Landscape
Saratoga has a competitive advantage in its sector, offering higher lending amounts to companies. However, they are smaller than the larger competitors. The primary disadvantage lies in their limited financial resources and market reach compared to larger BDCs.
Growth Trajectory and Initiatives
Historical Growth: Saratoga Investment Corp.'s growth has been driven by its investments in the lower middle market and its ability to generate attractive returns.
Future Projections: Future growth projections depend on economic conditions and the company's ability to deploy capital effectively. Analyst estimates can be found on financial websites.
Recent Initiatives: Recent initiatives include expanding its investment portfolio and improving its capital structure.
Summary
Saratoga Investment Corp. is a specialty finance company that is focused on providing custom finance to middle-market companies. While not a large company, they focus on finding good investments and have shown an ability to sustain dividend payout, though they can be impacted by negative economics. Potential investors should note the risk and volatility when investing in this sector. Overall, the company appears to be effectively pursuing its growth strategy in a challenging market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Saratoga Investment Corp. SEC filings
- Company investor relations materials
- Financial websites (e.g., Yahoo Finance, Bloomberg)
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It should not be considered investment advice. Market share estimates are approximate.
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 - | |
Full time employees - | |||
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 firm 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 firm 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 firm seeks to invest in the United States. The firm primarily invests $5 million to $75 million in companies having EBITDA of $2 million or greater and revenues of $5 million to $250 million. The firm prefer to take a majority stake. The firm invests through direct lending as well as participation in loan syndicates. The firm was formerly known as GSC Investment Corp. Saratoga Investment Corp. was formed on 2007 and is based in New York, New York with an additional office in Florham Park, New Jersey.
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