SAJ Saratoga Investment Corp 8.00% Notes due 2027
$25.60
Price · Jun 25, 2026
Fundamentals as of May 5, 2026
52W Range
$25–$28
21% 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
$25.60
Market Cap
$409M
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
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
$2.31
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
14.4%
—
Net Income YoY
30.3%
—
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-date | Amount |
|---|---|
| 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
-0.24%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| 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 Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SAJ | $409M | 10.9 | — | — | 9.3% | — |
| ALTI | — | -3.2 | 28.5% | -46.9% | -19.0% | — |
| INV | $283M | -0.8 | — | -14266.4% | -93.2% | — |
| GLAD | $494M | 10.6 | — | — | 11.9% | — |
| CCAP | $519M | 7.8 | — | — | 4.8% | — |
| SAR | — | — | — | — | — | — |
| PSBD | $381M | 7.3 | — | — | -0.65% | — |
| SSSS | $240M | 5.3 | — | — | 26.9% | — |
| CION | $497M | — | — | — | -2.8% | — |
| HRZN | — | -107.5 | — | — | — | — |
| TCPC | $463M | -5.2 | — | — | -13.3% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 9
| 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
| 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
| 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
| Metric | Trend | 2026 |
|---|---|---|
| ROA | 3.1% | |
| ROE | 9.3% |
Growth Rates 2
| Metric | Trend | 2026 |
|---|---|---|
| EPS YoY | 14.4% | |
| Net Income YoY | 30.3% |
Valuation (TTM) 10
| 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 |
Income Statement 9
| Metric | Trend | Q4 2026 | Q4 2025 | Q4 2024 |
|---|---|---|---|---|
| SG&A Expense | $279.3K | $-289.0K | $283.7K | |
| Operating Expenses | $23M | $23M | $24M | |
| Interest Income | $26M | $27M | $33M | |
| Income Tax | $23.4K | $313.8K | $54.1K | |
| Net Income | $-3M | $-676.8K | $5M | |
| EPS (Basic) | $-0.18 | $-0.07 | $0.39 | |
| EPS (Diluted) | $-0.18 | $-0.07 | $0.39 | |
| Shares (Basic) | -31,378,489 | -27,287,237 | -24,402,560 | |
| Shares (Diluted) | -31,378,489 | -27,287,237 | 315,124 |
Balance Sheet 10
| Metric | Trend | Q4 2026 | Q4 2025 | Q4 2024 |
|---|---|---|---|---|
| Cash & Equivalents | $2M | $148M | $9M | |
| Other Non-current Assets | $781.8K | $950.5K | · | |
| Total Assets | $1.14B | $1.19B | · | |
| Total Liabilities | $743M | $799M | · | |
| Long-term Debt | $739M | · | · | |
| Common Stock | $16.2K | $15.2K | · | |
| Retained Earnings | $-43M | $-20M | · | |
| Stockholders' Equity | $396M | $393M | $370M | |
| Liabilities + Equity | $1.14B | $1.19B | · | |
| Shares Outstanding | 16,224,198 | 15,183,078 | 13,653,476 |
Cash Flow 7
| Metric | Trend | Q4 2026 | Q4 2025 | Q4 2024 |
|---|---|---|---|---|
| Deferred Tax | $43.2K | $307.9K | $341.0K | |
| Operating Cash Flow | $-92M | $-20M | $-21M | |
| Stock Issued | $0 | $30M | $13M | |
| Stock Repurchased | · | · | $0 | |
| Dividends Paid | $14M | $14M | $9M | |
| Financing Cash Flow | $-55M | $-26M | $14M | |
| Taxes Paid | $2M | $3M | $2M |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-02-28 | 2025-02-28 | 2024-02-29 | |
|---|---|---|---|
| Net Income | $37M | $28M | $9M |
| Diluted EPS | $2.31 | $2.02 | $0.71 |
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