SAR +0.4% in after-hours trading.
More on earnings:
Q1 adjusted net investment income per share 64 cents compared with 60 cents in the prior quarter and 50 cents a year ago.
Q1 NAV per share $23.06 compared with $21.69 Y/Y.
"In the current rising rate environment, we believe we are well-structured, with 81% of our interest earning investments having floating-rate interest rates and through their LIBOR floors, and all of our debt at quarter-end being fixed-rate," says Chairman and CEO Christian L. Oberbeck.
Assets under management up 0.2% to $343.4M at May 31, 2018 vs. $342.7M as of Feb. 28, 2018. The increase reflects originations of $35.2M, offset by repayments and amortizations of $36.5M that were primarily non-accrual or lower yielding syndicated investments.
Return on equity for the last 12 months as of May 31 was 10.7% vs 15.7% as of Feb. 28.
Previously: Saratoga Investment beats by $0.09, beats on total investment income (July 10)
Subscribe for full text news in your inbox