Seeking Alpha

QualityStocks'  Instablog

QualityStocks
Send Message
QualityStocks (www.qualitystocks.net) assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
QualityStocks
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • Saratoga Investment Corp. (SAR) Reports Financial Results 0 comments
    Oct 18, 2010 1:24 PM | about stocks: SAR
    Saratoga Investment Corp. reported an increase in net assets from operations of $6.7 million, or $3.27 per share, in the quarter ending August 31, 2010. The increase was due to both investment income and unrealized gains in its investment portfolio.

    Saratoga Investment Corp. reported net investment income of $2.5 million, or $1.21 per share, in the recently ended quarter. The company also reported a net gain on investments of $4.2 million, or $2.06 per share, for the quarter due to unrealized appreciation in parts of its investment portfolio. Saratoga Investment Corp. ended the quarter with a net asset value of $29.71 per share.

    Saratoga Investment Corp. also disclosed updated details on the company’s existing investment portfolio as of the end of the quarter. The total value of the investment portfolio was $94.4 million with positions in twenty-five portfolio companies. The company also has an investment in a fund that purchases collateralized loan obligations.

    The investments in the portfolio were distributed among various tiers of credit as follows:

    First lien term loans: 14.8%
    Second lien term loans: 20.6%
    Senior secured notes: 30.9%
    Unsecured notes: 4.4%
    Subordinated notes: 24.2%

    Saratoga Investment Corp. reported that the company made no new investments in any portfolio companies during the quarter, and did not exit any existing positions.

    For more information on the company, go to saratogainvestmentcorp.com

    Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net


    Disclosure: no positions
    Stocks: SAR
Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.