SAJ Saratoga Investment Corp 8.00% Notes due 2027

NYSE · Financial Services · View on SEC EDGAR ↗
$25.13
Price · Aug 19, 2026
Fundamentals as of May 5, 2026
52W Range
$25–$28
4% of range
Analyst Rating
HOLD
12 analysts
Price Target
—
P/E (TTM)
10.9
ROE
9.3%
Net Profit Margin
—

SAJ Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$25.13
Market Cap
$408M
P/E (TTM)
10.9
EPS (TTM)
$2.31
Revenue (TTM)
—
Div Yield
12.8%
ROE
9.3%
Debt/Equity
—
52W Range
$25 – $28

SAJ Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income —
EPS $2.31
3-point trend, +225.4%
2024-02-29 → 2026-02-28
Free Cash Flow —
Margins —

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
SAJ
Peer Median
P/E (TTM)
10.9
9.4
P/B
1.0
1.0

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
SAJ
Peer Median
ROA
3.1%
2.7%
ROE
9.3%
7.5%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
SAJ
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
SAJ
Peer Median
EPS YoY
3-point trend, +225.4%
14.4%
—
Net Income YoY
3-point trend, +309.7%
30.3%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
SAJ
Peer Median
EPS (Diluted)
3-point trend, +225.4%
$2.31
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
SAJ
Peer Median
Payout Ratio
143.0%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
12.8%
Payout Ratio
143.0%
5Y Div CAGR
—
Ex-dateAmount
Aug. 14, 2026$0.5000
May 15, 2026$0.5000
Feb. 13, 2026$0.5000
Nov. 14, 2025$0.5000
Aug. 15, 2025$0.5000
May 15, 2025$0.5000
Feb. 14, 2025$0.5000
Nov. 15, 2024$0.5000
Aug. 15, 2024$0.5000
May 14, 2024$0.5000
Feb. 14, 2024$0.5000
Nov. 14, 2023$0.5000
Aug. 14, 2023$0.5000
May 12, 2023$0.5000
Feb. 14, 2023$0.6890

SAJ Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

HOLD 12 analysts
  • Strong Buy 1 8.3%
  • Buy 3 25.0%
  • Hold 8 66.7%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.37%
Period EPS Actual EPS Est Surprise
June 30, 2026 $-0.42 $0.56 -0.98%
March 31, 2026 $-0.16 $0.56 -0.72%
Dec. 31, 2025 $0.74 $0.60 0.14%
Sept. 30, 2025 $0.84 $0.69 0.15%
June 30, 2025 $0.91 $0.94 -0.03%
March 31, 2025 $-0.05 $0.70 -0.75%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
SAJ $409M 10.9 — — 9.3% —
CCAP $519M 7.8 — — 4.8% —
CION $497M — — — -2.8% —
TCPC $463M -5.2 — — -13.3% —
HRZN — -107.5 — — — —
PSBD $381M 7.3 — — -0.65% —
SAR — — — — — —
INV $283M -0.8 — -14266.4% -93.2% —
RWAY — — — — — —
SCM $367M 13.3 — — 7.3% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 9
Annual Income Statement data for SAJ
Metric Trend 2026
SG&A Expense $2M
Operating Expenses $89M
Interest Income $107M
Income Tax $-138.2K
Net Income $37M
EPS (Basic) $2.31
EPS (Diluted) $2.31
Shares (Basic) 15,850,270
Shares (Diluted) 15,850,270
Balance Sheet 10
Annual Balance Sheet data for SAJ
Metric Trend 2026
Cash & Equivalents $2M
Other Non-current Assets $781.8K
Total Assets $1.14B
Total Liabilities $743M
Long-term Debt $739M
Common Stock $16.2K
Retained Earnings $-43M
Stockholders' Equity $396M
Liabilities + Equity $1.14B
Shares Outstanding 16,224,198
Cash Flow 8
Annual Cash Flow data for SAJ
Metric Trend 2026
Deferred Tax $-310.5K
Operating Cash Flow $-88M
Stock Issued $19M
Stock Repurchased $54.3K
Net Stock Activity $19M
Dividends Paid $52M
Financing Cash Flow $-95M
Taxes Paid $2M
Profitability 2
Annual Profitability data for SAJ
Metric Trend 2026
ROA 3.1%
ROE 9.3%
Per Share 4
Annual Per Share data for SAJ
Metric Trend 2026
Book Value / Share $24.42
Cash Flow / Share $-5.55
Cash / Share $0.10
EPS (TTM) $2.31
Growth Rates 2
Annual Growth Rates data for SAJ
Metric Trend 2026
EPS YoY 14.4%
Net Income YoY 30.3%
Valuation (TTM) 10
Annual Valuation (TTM) data for SAJ
Metric Trend 2026
Net Income TTM $37M
Market Cap $409M
P/E 10.9
P/B 1.0
P / Tangible Book 1.0
P / Cash Flow -4.7
Dividend Yield 12.8%
Earnings Yield 9.2%
Payout Ratio 143.0%
Annual Payout $52M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2026-02-282025-02-282024-02-29
Net Income $37M$28M$9M
Diluted EPS $2.31$2.02$0.71

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Activists & 5%+ owners 3 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
ELIZABETH OBERBECK ×3 filings Jan. 16, 2020 — Initial filing — SEC
CHRISTIAN L. OBERBECK, SARATOGA INVESTMENTS ADVISORS, LLC (, CLO PARTNERS LLC ( ×4 filings Nov. 10, 2014 — Initial filing — SEC
THOMAS V. INGLESBY Jan. 6, 2014 — Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.