SAT News and Press, Saratoga Investment Corp 6.00% Notes due 2027 From 02/07/23

Summary BDCs have staged an impressive rally over the past couple of months, erasing nearly all of the 2022 drawdown. With a lower margin of safety, it can make sense to rotate some of the capital to BDC baby bonds such as the Saratoga Investment SAY bonds. This is especially the ca...

Summary We take a look at the action in business development companies through the fourth week of January and highlight some of the key themes we are watching. BDCs had another good week with the sector approaching a double-digit return this year already. We take another look at FGB...

Summary Valaris Limited is a leading offshore drilling company whose stock price soared by 70% over the past year. It has a cheap forward-looking valuation; earnings per share are expected to grow from $3.38 in 2023 to $14.22 in 2025. Valaris Limited stock is also near overbought le...

Saratoga Investment Corp (SAR) Q3 2023 Earnings Conference Call January 11, 2023, 10:00 AM ET Company Participants Henri Steenkamp - Chief Financial and Compliance Officer Christian Oberbeck - Chairman and CEO Michael Grisius - Chief Investment Officer Conference...

Summary As December 2022 comes to a close, we observe six new preferred stock / exchange-traded-debt (ETD) offerings during the month, offering annual yields ranging from 6.75% to 11.875%. Here is a comparison against the highest quality preferred stocks in our coverage universe, as ran...

Summary We share data on 100-plus big-yield opportunities, sorted into four categories: Closed-end funds, master limited partnerships, real estate investment trusts, and business development companies. We dive deeper into four specific opportunities (one from each category) that w...

Summary We take a look at the action in BDCs through the first week of October and highlight some of the key themes we are watching. BDCs ended higher despite a weak finish. We try to estimate the sector aggregate NAV change over Q3. And highlight news from FCRD and SAR. ...

Saratoga Investment Corp (SAR) Q2 2023 Earnings Conference Call October 5, 2022 10:00 ET Company Participants Henri Steenkamp - Chief Financial and Compliance Officer Christian Oberbeck - Chairman and Chief Executive Officer Michael Grisius - Chief Investment Off...

The following slide deck was published by Saratoga Investment Corp in conjunction with their 2023 Q2 earnings call. For further details see: Saratoga Investment Corp 2023 Q2 - Results - Earnings Call Presentation

Summary We take a look at the action in preferreds and baby bonds through the fourth week of August and highlight some of the key themes we are watching. Preferreds finished the week lower as Powell disabused the market from a drop in the policy rate over 2023. Pinned-to-par s...