Saratoga Investment Corp. today announced financial results for its 2015 fiscal year end and fourth quarter.
Here are some of the financial highlights:
- Net investment income on a weighted average per share basis of $1.80 and $0.53 for the year and quarter ended February 28, 2015, respectively. Adjusted for the incentive fee accrual related to net unrealized capital gains, the net investment income on a weighted per share basis was $1.85 and $0.50, respectively.
- Net investment income of $9.7 million and $2.9 million for the year and quarter ended February 28, 2015, respectively. Adjusted for the incentive fee accrual related to net unrealized capital gains, the net investment income was $10.0 million and $2.7 million, respectively.
- Net investment income yield as percentage of average net asset value (“Net Investment Income Yield”) was 8.2% and 9.5% for the year and quarter ended February 28, 2015, respectively. Adjusted for the incentive fee accrual related to net unrealized capital gains, the Net Investment Income Yield was 8.5% and 8.8%, respectively.
- Return on equity for the year and quarter ended February 28, 2015 was 9.3% and 8.9%, respectively.
- Earnings per share for the year and quarter ended February 28, 2015 was $2.04 and $0.50, respectively.
- Net asset value (“NAV”) was $122.6 million as of February 28, 2015, a $9.2 million increase from a NAV of $113.4 million as of February 28, 2014.
- NAV per share was $22.70 as of February 28, 2015, compared to $21.08 as of February 28, 2014.
- Investment portfolio activity for the year ended February 28, 2015
- Cost of investments made during the period: $104.9 million
- Principal repayments during the period: $73.3 million
- Investment portfolio activity for the quarter ended February 28, 2015
- Cost of investments made during the period: $20.9 million
- Principal repayments during the period: $20.5 million