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Upturn AI SWOT - About
SAR 
Saratoga Investment Corp (SAR)
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Upturn Advisory Summary
08/14/2025: 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
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $24.54
1 Year Target Price $24.54
| 3 | Strong Buy |
| 1 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -5.85% | Avg. Invested days 46 | 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 08/14/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 407.25M USD | Price to earnings Ratio 10.42 | 1Y Target Price 24.54 |
Price to earnings Ratio 10.42 | 1Y Target Price 24.54 | ||
Volume (30-day avg) 8 | Beta 0.71 | 52 Weeks Range 19.55 - 25.54 | Updated Date 08/15/2025 |
52 Weeks Range 19.55 - 25.54 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 11.68% | Basic EPS (TTM) 2.45 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 24.85% | Operating Margin (TTM) 70.08% |
Management Effectiveness
Return on Assets (TTM) 5.37% | Return on Equity (TTM) 9.27% |
Valuation
Trailing PE 10.42 | Forward PE 9.93 | Enterprise Value 1049022272 | Price to Sales(TTM) 2.86 |
Enterprise Value 1049022272 | Price to Sales(TTM) 2.86 | ||
Enterprise Value to Revenue 24.21 | Enterprise Value to EBITDA - | Shares Outstanding 15951800 | Shares Floating 13617173 |
Shares Outstanding 15951800 | Shares Floating 13617173 | ||
Percent Insiders 13.71 | Percent Institutions 17.44 |
Upturn AI SWOT
Saratoga Investment Corp
Company Overview
History and Background
Saratoga Investment Corp. was founded in 2007 and is a specialty finance company that provides customized financing solutions to lower middle market companies. They aim to be a long-term partner for growth. It completed an IPO in 2007 and has since focused on direct lending and investment.
Core Business Areas
- Direct Lending: Saratoga provides first lien and second lien term loans, mezzanine debt, and equity co-investments to U.S. based companies with $20 million to $250 million in revenues.
- Investment Management: Saratoga also manages collateralized loan obligations (CLOs) and other investment vehicles.
Leadership and Structure
Saratoga Investment Corp. is led by CEO Christian Oberbeck. The company has a board of directors and operates through an investment advisory structure. They have experienced investment professionals to manage their activities.
Top Products and Market Share
Key Offerings
- First Lien Term Loans: These are senior secured loans that have a first priority claim on the borrower's assets. Market share data specific to Saratoga's slice of the first lien market is unavailable. Competitors include other BDCs and private credit funds like Ares Capital (ARCC) and Apollo Investment (AINV).
- Second Lien Term Loans: These are secured loans that have a second priority claim on the borrower's assets, subordinate to the first lien holders. Specific market share data for Saratoga is not readily available. Competitors include other BDCs and private credit funds.
- Mezzanine Debt: This refers to subordinated debt. Saratoga provides these as well and data on revenue and competitors cannot be obtained.
Market Dynamics
Industry Overview
The industry is comprised of BDCs and direct lending funds. It is influenced by interest rates, economic growth, and regulatory changes.
Positioning
Saratoga focuses on the lower middle market, providing flexible capital solutions. Their advantages include a long-term partnership approach and sector expertise.
Total Addressable Market (TAM)
The TAM for lower middle market lending is substantial, estimated to be billions of dollars. Saratoga's TAM includes all companies with $20 million to $250 million in revenues seeking financing solutions.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Strong Credit Performance
- Disciplined Investment Approach
- Long-Term Partnership Focus
Weaknesses
- Small Market Capitalization
- Limited Diversification
- Sensitivity to Economic Downturns
- High Operating Expense Ratio
Opportunities
- Growing Demand for Private Credit
- Expansion into New Sectors
- Increased Investment in CLOs
- Strategic Acquisitions
Threats
- Rising Interest Rates
- Increased Competition
- Economic Recession
- Regulatory Changes
Competitors and Market Share
Key Competitors
- ARCC
- AINV
- OXSQ
Competitive Landscape
Saratoga faces competition from larger BDCs with greater access to capital. However, Saratoga's focus on the lower middle market and flexible capital solutions provides a competitive edge.
Major Acquisitions
BCR Partners Credit Fund LLC
- Year: 2019
- Acquisition Price (USD millions): 17
- Strategic Rationale: This acquisition added investment management contracts and expanded their assets under management.
Growth Trajectory and Initiatives
Historical Growth: Needs to be updated with historical trends.
Future Projections: Future projections need to be populated.
Recent Initiatives: Needs to be updated with initiatives completed.
Summary
Saratoga Investment Corp. is a specialty finance company that has a good track record of investing in the lower middle market. Its business model is fairly strong, especially as the need for credit increases among small to medium-size companies. The company should monitor growing interest rates, increased competition, and any economic downturn that could affect its borrower's ability to repay debt.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Company Website
- Analyst Reports
- Industry Research Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market share data is estimated and subject to change. Financial data and projections are based on available information and may not be accurate.
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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