Saratoga Investment Maintains Accelerated Filer Status, NYSE Listings
Ticker: SAV · Form: 10-Q · Filed: Jul 8, 2025 · CIK: 1377936
| Field | Detail |
|---|---|
| Company | Saratoga Investment Corp. (SAV) |
| Form Type | 10-Q |
| Filed Date | Jul 8, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: BDC, 10-Q Filing, Regulatory Compliance, NYSE Listed, Accelerated Filer, Corporate Governance, Fixed Income
Related Tickers: SAV, SAR, SAT, SAJ, SAY, SAZ
TL;DR
**SAV is a stable, compliant BDC with multiple NYSE listings, making it a reliable, albeit potentially unexciting, investment.**
AI Summary
SARATOGA INVESTMENT CORP. (SAV) reported its 10-Q for the quarter ended May 31, 2025. The filing indicates continued compliance with SEC reporting requirements, having filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months. The company is classified as an accelerated filer, not a large accelerated filer, non-accelerated filer, smaller reporting company, or emerging growth company. SAV's common stock and several series of notes (6.00% Notes due 2027, 8.00% Notes due 2027, 8.125% Notes due 2027, and 8.50% Notes due 2027) are registered on The New York Stock Exchange. The company's business address is 535 Madison Avenue, New York, New York 10022, and its telephone number is (212) 906-7800. No specific revenue or net income figures were provided in the excerpt, nor were explicit key business changes, risks, or strategic outlook details. However, the consistent filing and exchange listings suggest ongoing operational stability.
Why It Matters
For investors, SAV's consistent compliance as an accelerated filer and its multiple NYSE-listed securities (common stock and four note series) signal transparency and access to capital markets. This regulatory adherence provides a baseline of trust, crucial for attracting and retaining investors in the competitive BDC space. Employees benefit from the stability implied by a well-regulated, publicly traded entity. Customers, primarily middle-market companies seeking financing, can be more confident in a lender that demonstrates strong corporate governance. The broader market gains from the liquidity and price discovery offered by its diverse listed securities, contributing to a robust financial ecosystem.
Risk Assessment
Risk Level: low — The risk level is low based on the provided excerpt, as SARATOGA INVESTMENT CORP. explicitly states it 'has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months' and 'has been subject to such filing requirements for the past 90 days.' This indicates strong regulatory compliance and transparency, mitigating immediate operational or disclosure risks.
Analyst Insight
Investors should consider SAV for its apparent regulatory stability and consistent market presence, particularly if seeking exposure to a well-established BDC. Further due diligence on its financial performance, portfolio quality, and dividend yield would be prudent to assess its investment attractiveness.
Key Numbers
- 814-00732 — Commission File No. (SEC file number for SARATOGA INVESTMENT CORP.)
- 20250531 — Conformed Period of Report (The end date of the financial period covered by the 10-Q.)
- 20250708 — Filed As Of Date (The date the 10-Q was officially filed with the SEC.)
- 0001377936 — Central Index Key (CIK) (Unique identifier for SARATOGA INVESTMENT CORP. with the SEC.)
- 20-8700615 — I.R.S. Employer Identification Number (Tax identification number for SARATOGA INVESTMENT CORP.)
- 212 906-7800 — Registrant’s telephone number (Primary contact number for SARATOGA INVESTMENT CORP.)
- 6.00% — Notes due 2027 interest rate (Interest rate for one series of notes listed on NYSE.)
- 8.00% — Notes due 2027 interest rate (Interest rate for another series of notes listed on NYSE.)
- 8.125% — Notes due 2027 interest rate (Interest rate for a third series of notes listed on NYSE.)
- 8.50% — Notes due 2027 interest rate (Interest rate for a fourth series of notes listed on NYSE.)
Key Players & Entities
- SARATOGA INVESTMENT CORP. (company) — Registrant and filer of the 10-Q
- SEC (regulator) — Oversees 10-Q filings and compliance
- The New York Stock Exchange (company) — Exchange where SAV's securities are registered
- GSC INVESTMENT CORP. (company) — Former name of the registrant
- GSC Investment LLC (company) — Former name of the registrant
- $0.001 (dollar_amount) — Par value per share of Common Stock
- 2025-05-31 (date) — End date of the quarterly period reported
- 2025-07-08 (date) — Filing date of the 10-Q
- Maryland (state) — State of incorporation for SARATOGA INVESTMENT CORP.
- New York (state) — Location of principal executive offices
FAQ
What is Saratoga Investment Corp.'s filing status with the SEC?
Saratoga Investment Corp. is an accelerated filer, as indicated by its 10-Q filing for the quarter ended May 31, 2025. It is not a large accelerated filer, non-accelerated filer, smaller reporting company, or emerging growth company.
Which exchanges list Saratoga Investment Corp.'s securities?
Saratoga Investment Corp.'s Common Stock, par value $0.001 per share (trading symbol SAR), and four series of notes (SAT, SAJ, SAY, SAZ) are all registered on The New York Stock Exchange.
Has Saratoga Investment Corp. complied with SEC reporting requirements?
Yes, Saratoga Investment Corp. has filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and has been subject to such filing requirements for the past 90 days.
What is the address and phone number for Saratoga Investment Corp.?
The principal executive offices for Saratoga Investment Corp. are located at 535 Madison Avenue, New York, New York 10022. The registrant's telephone number is (212) 906-7800.
What were Saratoga Investment Corp.'s previous company names?
Saratoga Investment Corp. was formerly known as GSC INVESTMENT CORP. (name changed 2007-03-21) and prior to that, GSC Investment LLC (name changed 2006-10-11).
What are the interest rates for Saratoga Investment Corp.'s notes due in 2027?
Saratoga Investment Corp. has four series of notes due in 2027 with interest rates of 6.00%, 8.00%, 8.125%, and 8.50%.
What is the par value of Saratoga Investment Corp.'s common stock?
The common stock of Saratoga Investment Corp. has a par value of $0.001 per share.
When was Saratoga Investment Corp.'s 10-Q for the quarter ended May 31, 2025, filed?
The 10-Q for Saratoga Investment Corp. for the quarterly period ended May 31, 2025, was filed on July 8, 2025.
Is Saratoga Investment Corp. an emerging growth company?
No, Saratoga Investment Corp. is not an emerging growth company, as indicated by the unchecked box in its 10-Q filing.
What is the significance of Saratoga Investment Corp. being an accelerated filer?
Being an accelerated filer means Saratoga Investment Corp. has a public float between $75 million and $700 million and must file its 10-K within 75 days and 10-Q within 40 days after the end of the fiscal period, indicating a higher level of market capitalization and faster reporting requirements than non-accelerated filers.
Industry Context
Saratoga Investment Corp. operates within the financial services sector, likely as a business development company (BDC) or a similar investment vehicle. This industry is characterized by its sensitivity to interest rate changes, economic cycles, and regulatory oversight. Competition typically comes from other BDCs, private equity firms, and traditional lenders, all vying for investment opportunities in middle-market companies.
Regulatory Implications
As a publicly traded entity and an accelerated filer, Saratoga Investment Corp. is subject to ongoing SEC reporting requirements, including timely filing of 10-Q and 10-K reports. Compliance with these regulations is crucial for maintaining investor confidence and market access. Any misstatements or failures to comply can lead to penalties and reputational damage.
What Investors Should Do
- Review the full 10-Q filing for detailed financial statements and management discussion.
- Monitor the company's debt structure and interest rate sensitivity.
Key Dates
- 2025-05-31: Quarterly Period End — Marks the end of the financial reporting period for the 10-Q filing.
- 2025-07-08: 10-Q Filing Date — Indicates the official submission date of the quarterly report to the SEC, providing updated financial information to investors.
Glossary
- 10-Q
- A quarterly report required by the U.S. Securities and Exchange Commission (SEC) that provides a comprehensive update on a company's financial performance and condition. (This document is the primary source of financial information for the period ended May 31, 2025.)
- Accelerated filer
- A filer that meets certain public float and filing history requirements, mandating more frequent and detailed SEC filings. (Saratoga Investment Corp. is classified as an accelerated filer, indicating a certain level of financial transparency and reporting obligation.)
- SEC Act of 1934
- Legislation that governs the secondary trading of securities, including requirements for periodic reporting by public companies. (Saratoga Investment Corp. is filing this report in compliance with Section 13 or 15(d) of this Act.)
- CIK
- Central Index Key, a unique identifier assigned to each entity that files with the SEC. (The CIK (0001377936) uniquely identifies Saratoga Investment Corp. in SEC filings.)
- EIN
- Employer Identification Number, a unique nine-digit number assigned by the IRS to business entities operating in the United States for identification purposes. (The EIN (20-8700615) is the company's tax identification number.)
Year-Over-Year Comparison
This excerpt does not contain comparative financial data from a previous filing, making it impossible to assess year-over-year changes in revenue, net income, margins, or other key metrics. The filing status as an accelerated filer and the listing of its securities on the NYSE suggest continued operational activity, but specific performance trends cannot be determined without historical data.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on July 8, 2025 regarding SARATOGA INVESTMENT CORP. (SAV).