Saratoga Investment Corp 6.25% (SAF) Stock Analysis
DELISTED 2021
What happened to Saratoga Investment Corp 6.25% (SAF) stock?
Saratoga Investment Corp 6.25% (SAF) no longer trades on public markets. It was delisted in August 2021. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Saratoga Investment Corp 6.25% (SAF) trades at $25.01. Saratoga Investment Corp 6. 25% is a financial services company specializing in asset management. It focuses on providing financing solutions to lower middle market companies. Sector: Financial services.
Last analyzed: Mar 17, 2026Analyst Coverage for SAF: SAF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates SAF against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
SAF: the 2 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →Saratoga Investment Corp 6.25% (SAF) Financial Services Profile
Saratoga Investment Corp 6.25% operates within the asset management sector, focusing on providing debt and equity to lower middle market companies. The company differentiates itself through its focus on smaller businesses and aims to generate current income and capital appreciation for its investors.
What Is the Investment Thesis for SAF?
Saratoga Investment Corp 6.25% presents a compelling investment case based on its focus on the underserved lower middle market, which offers potentially higher returns compared to larger, more competitive markets. The company's strategy of providing both debt and equity financing allows it to participate in the growth of its portfolio companies. Key value drivers include the ability to source and manage investments effectively, maintain a strong credit profile, and generate consistent income for its investors. Catalysts for growth include the increasing demand for financing from lower middle market companies and the potential for strategic acquisitions. However, potential risks include economic downturns that could negatively impact portfolio companies and increased competition from other lenders and private equity firms. Monitoring the company's net asset value (NAV) and its ability to maintain a stable dividend payout ratio are crucial for assessing its long-term performance.
Based on FMP financials and quantitative analysis
SAF Key Highlights
Focus on lower middle market companies, providing debt and equity financing.
- Investment strategy aims to generate both current income and capital appreciation.
- Experienced investment team provides strategic guidance and operational support to portfolio companies.
- Emphasis on building long-term relationships with portfolio companies.
- Potential for higher returns compared to larger, more competitive markets due to underserved nature of the lower middle market.
Who Are SAF's Competitors?
SAF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ABALX American Funds American Balanced Fund Class A | $41.00 | +0.37% | $292B | 72 |
| BX Blackstone Inc. | $141.41 | -2.54% | $171B | 81 |
| AMFCX American Funds American Mutual Fund | $63.80 | -0.72% | $77.4B | 71 |
| RNNEX American Funds The New Economy Fund Class R-2E | $80.46 | -0.29% | $52.9B | 91 |
| AMP Ameriprise Financial, Inc. | $554.06 | -1.02% | $49.8B | 70 |
| IDDTF AB Industrivärden (publ) | $54.65 | -0.36% | $23.6B | 70 |
| TPG TPG Inc. | $51.57 | -3.03% | $19.8B | 67 |
| ARCC Ares Capital Corporation | $19.78 | -0.10% | $14.2B | 79 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SAF's Key Strengths?
Focus on the underserved lower middle market.
- Experienced investment team.
- Long-term relationships with portfolio companies.
- Ability to provide both debt and equity financing.
What Are SAF's Weaknesses?
Reliance on economic conditions and interest rates.
- Potential for credit losses from portfolio companies.
- Limited diversification compared to larger asset management firms.
- Dependence on key personnel for sourcing and managing investments.
What Could Drive SAF Stock Higher?
Potential for increased demand for financing from lower middle market companies.
- Strategic acquisitions of other asset management firms.
- Development of new financial products to cater to evolving needs of lower middle market companies.
What Are the Key Risks for SAF?
Economic downturns that could negatively impact portfolio companies.
- Increased competition from other lenders and private equity firms.
- Regulatory changes that could affect the asset management industry.
- Rising interest rates that could increase borrowing costs for portfolio companies.
What Are the Growth Opportunities for SAF?
- Expansion of investment portfolio: Saratoga Investment Corp 6.25% has the opportunity to grow its investment portfolio by increasing the number of companies it finances. The lower middle market is vast, with numerous businesses seeking capital for growth, acquisitions, or recapitalizations. By expanding its reach and developing relationships with more businesses, Saratoga Investment Corp 6.25% can increase its assets under management and generate higher returns. The timeline for this growth is ongoing, as the company continuously seeks new investment opportunities.
- Strategic acquisitions: Saratoga Investment Corp 6.25% could pursue strategic acquisitions of other asset management firms or related businesses to expand its capabilities and market reach. Acquiring a firm with complementary expertise or a strong presence in a specific geographic area could enhance Saratoga Investment Corp 6.25%'s competitive position and accelerate its growth. The timeline for potential acquisitions is event-driven, depending on market conditions and the availability of suitable targets.
- Increase in fund size: Saratoga Investment Corp 6.25% has the opportunity to increase the size of its investment funds, allowing it to make larger investments and participate in more significant deals. By raising additional capital from institutional investors or high-net-worth individuals, the company can expand its capacity to finance larger transactions and generate higher returns. The timeline for increasing fund size is dependent on investor demand and market conditions.
- Development of new financial products: Saratoga Investment Corp 6.25% can develop new financial products and services to cater to the evolving needs of lower middle market companies. This could include offering specialized financing solutions for specific industries or developing innovative investment structures that provide greater flexibility and customization. By diversifying its product offerings, Saratoga Investment Corp 6.25% can attract a wider range of clients and generate additional revenue streams. The timeline for developing new products is ongoing, as the company continuously monitors market trends and client needs.
- Geographic expansion: Saratoga Investment Corp 6.25% could expand its geographic reach by establishing a presence in new regions or states. This would allow the company to tap into new markets and access a wider pool of potential investment opportunities. Geographic expansion could involve opening new offices, hiring local investment professionals, or forming partnerships with regional firms. The timeline for geographic expansion is long-term, requiring careful planning and execution.
What Are SAF's Competitive Advantages?
- Focus on underserved lower middle market provides access to unique investment opportunities.
- Experienced investment team with expertise in financing and managing smaller businesses.
- Long-term relationships with portfolio companies create a competitive advantage.
- Ability to provide both debt and equity financing offers flexibility and customization.
What Does SAF Do?
Saratoga Investment Corp 6.25% is an asset management firm that provides customized financing solutions to lower middle market companies in the United States. These companies typically have annual revenues between $20 million and $150 million. Saratoga Investment Corp 6.25% offers a range of financing options, including first and second lien loans, mezzanine debt, and equity investments. The company's investment strategy is centered on generating both current income and capital appreciation for its investors. Saratoga Investment Corp 6.25% was founded with the goal of addressing the financing gap for smaller businesses that are often underserved by larger financial institutions. The firm's experienced investment team works closely with portfolio companies to provide not only capital but also strategic guidance and operational support. This hands-on approach helps these businesses grow and improve their financial performance. Saratoga Investment Corp 6.25% aims to build long-term relationships with its portfolio companies, fostering a collaborative environment that benefits both the firm and the businesses it invests in. The company's focus on the lower middle market allows it to identify unique investment opportunities and generate attractive returns for its shareholders.
What Products and Services Does SAF Offer?
- Provides debt and equity financing to lower middle market companies.
- Offers first and second lien loans.
- Provides mezzanine debt financing.
- Makes equity investments in portfolio companies.
- Generates current income and capital appreciation for investors.
- Offers strategic guidance and operational support to portfolio companies.
- Focuses on building long-term relationships with portfolio companies.
How Does SAF Make Money?
- Invests in lower middle market companies through debt and equity.
- Generates income from interest payments on loans and dividends from equity investments.
- Realizes capital gains from the sale of equity investments.
- Manages investment portfolio to maximize returns and minimize risk.
What Industry Does SAF Operate In?
Saratoga Investment Corp 6.25% operates within the asset management industry, which is characterized by a diverse range of firms managing investments for individuals and institutions. The lower middle market, where Saratoga Investment Corp 6.25% focuses, is a segment of the broader market that includes companies with revenues between $20 million and $150 million. This segment is often underserved by larger financial institutions, creating opportunities for specialized firms like Saratoga Investment Corp 6.25%. The industry is influenced by economic conditions, interest rates, and regulatory changes. Competition comes from other lenders, private equity firms, and business development companies (BDCs).
Who Are SAF's Key Customers?
- Lower middle market companies seeking financing for growth, acquisitions, or recapitalizations.
- Companies with annual revenues between $20 million and $150 million.
- Businesses in various industries, including manufacturing, healthcare, and technology.
- Companies seeking strategic guidance and operational support in addition to capital.
Company Profile
Saratoga Investment Corp 6.25% operates in the Asset Management industry within the Financial Services sector. SAF has traded publicly since 2018.
Key Financial Metrics
Return on equity for Saratoga Investment Corp 6.25% stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. SAF trades at a trailing price-to-earnings ratio of 0.00, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
SAF Financials
Bull Case vs Bear Case
Bull Case
- Focus on the underserved lower middle market.
- Experienced investment team.
- Long-term relationships with portfolio companies.
- Ability to provide both debt and equity financing.
Bear Case
- Reliance on economic conditions and interest rates.
- Potential for credit losses from portfolio companies.
- Limited diversification compared to larger asset management firms.
- Dependence on key personnel for sourcing and managing investments.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
SAF Latest News
No recent news available for SAF.
SAF Financial Services Stock FAQ
What happened to Saratoga Investment Corp 6.25% (SAF) stock?
Saratoga Investment Corp 6.25% (SAF) no longer trades on public markets. It was delisted in August 2021. The figures below are historical and are not a current quote.
Can I still buy SAF shares?
No. SAF stopped trading on public markets in August 2021, so the shares are not available through a broker. Anything you see quoted for SAF elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before SAF stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Saratoga Investment Corp 6.25%. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Saratoga Investment Corp 6.25% do?
Saratoga Investment Corp 6.25% is an asset management firm specializing in providing financing solutions to lower middle market companies. It primarily invests in businesses with annual revenues between $20 million and $150 million, offering a range of debt and equity financing options.
What do analysts say about SAF stock?
Analyst coverage of Saratoga Investment Corp 6.25% typically focuses on the company's ability to generate consistent income and manage its investment portfolio effectively. Key valuation metrics include the company's net asset value (NAV), dividend yield, and price-to-earnings ratio. Analysts often assess the company's credit quality, risk management practices, and growth prospects in the context of the broader economic environment.
What are the main risks for SAF?
The main risks for Saratoga Investment Corp 6.25% include economic downturns that could negatively impact its portfolio companies, increased competition from other lenders and private equity firms, and regulatory changes that could affect the asset management industry. Additionally, rising interest rates could increase borrowing costs for portfolio companies, potentially leading to financial distress.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis is pending and will provide further insights.
- The information provided is based on available data and may be subject to change.