Saratoga Investment reports Q2 adjusted EPS 58c, consensus 68c

Reports Q2 NAV per share $25.61. Christian Oberbeck, chairman and CEO of Saratoga Investment (SAR), commented, “This quarter’s highlights include continued NAV and NAV per share growth from the previous quarter and year, a strong return on equity beating the industry, net originations of $22.4 million, and importantly, continued solid performance from the core BDC portfolio in a volatile macro environment, including the return of our Zollege investment to accrual status reducing our non-accrual investments to just one, representing only 0.2% of portfolio fair value.”