Saratoga Investment reports Q3 adjusted EPS 61c, consensus 59c

Reports Q3 NAV per share $25.59. Christian Oberbeck, chairman and CEO of Saratoga Investment (SAR), commented, “This quarter’s highlights include continued NAV growth from the previous quarter and year with stable NAV per share, an increase in NII of $0.03 per share from the previous quarter, a strong 13.5% return on equity beating the industry, net originations of $17.2 million including three new portfolio companies, and importantly, continued solid performance from the core BDC portfolio in a volatile macro environment.”