Saratoga Investment Corp. (NYSE: SAR) reported a $6.7 million decrease in net assets resulting from operations for its fiscal second quarter ended August 31, 2026, compared with a $13.3 million increase a year earlier. Total investment income rose to $31.2 million from $30.6 million, while basic and diluted loss per share was $0.41.
Net asset value declined to $352.6 million, or $22.15 per share, from $378.5 million, or $23.23 per share, at May 31. Assets under management increased 2.1% sequentially to $1.150 billion.
- Net investment income was $7.3 million, versus $9.1 million in the prior-year quarter.
- Adjusted net investment income was $7.4 million, or $0.46 per share.
- The company originated $76.1 million of investments and recorded $39.0 million of principal repayments, producing $37.1 million of net originations.
- Saratoga repurchased 444,124 shares for approximately $8.4 million during the quarter.
- The board declared three monthly dividends of $0.25 per share for the fiscal third quarter, totaling $0.75 per share.
