Saratoga Investment Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 30, 2016
Saratoga Investment Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended November 30, 2016. For the quarter, the company has posted total interest income of $7,455,829 against $6,227,010 a year ago. Net investment income was $3,418,874 against $2,150,420 a year ago. Net increase in net assets resulting from operations was $1,573,776 against $3,421,326 a year ago. Basic and diluted earnings per common share were $0.27 against $0.61 a year ago. Return on equity was 4.9% against 10.8% a year ago.
For the nine months, the company has posted total interest income of $22,040,461 against $19,977,510 a year ago. Net investment income was $8,561,204 against $7,578,534 a year ago. Net increase in net assets resulting from operations was $10,132,981 against $12,048,894 a year ago. Basic and Diluted earnings per common share were $1.77 against $2.18 a year ago. NAV per share increased to $22.21 as of November 30, 2016 from $22.06 as of February 29, 2016.