Saratoga Investment Corp: Potential Catalyst For A Revaluation
- Saratoga Investment is a BDC making loans and managing a CLO in the U.S.
- Right now, Saratoga Investment trades at a significant discount to its peer group.
- I believe this discount stems from the fact that Saratoga Investment does not pay a quarterly dividend, something which seems likely to change soon.
- Once Saratoga Investment starts paying a quarterly dividend, the stock is likely to eliminate its present discount, implying roughly 41% upside for the shares.