Saratoga Investment (SAR)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	93.30 mm	93.30 mm	93.30 mm	93.30 mm	93.30 mm	93.30 mm
Cash burn (monthly)	(no burn)	(no burn)	16.23 mm	15.42 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	110.16 mm	104.66 mm	n/a	n/a
Cash remaining	n/a	n/a	-16.86 mm	-11.37 mm	n/a	n/a
Runway (months of cash)	n/a	n/a	-1.0	-0.7	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

SAR institutional ownership history Ownership history

10.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	35	57	-38.6%
Opened positions	7	57	-87.7%
Closed positions	29	1	+2800.0%
Increased positions	8	0	NEW
Reduced positions	7	0	NEW

13F shares	Current	Prev Q	Change
Total value	28.69 bn	42.77 bn	-32.9%
Total shares	1.36 mm	1.89 mm	-28.5%
Total puts	41.30 k	22.50 k	+83.6%
Total calls	5.90 k	11.00 k	-46.4%
Total put/call ratio	7.0	2.0	+242.2%

Largest owners	Shares	Value	Change
Two Sigma Advisers	160.60 k	$3.65 bn	+5.2%
Two Sigma Investments	130.32 k	$2.96 bn	-15.3%
Hennion & Walsh Asset Management	120.81 k	$2.74 bn	-3.6%
Advisors Asset Management	115.03 k	$2.61 bn	-8.8%
Millennium Management	111.60 k	$2.53 bn	NEW
LGEN Legal & General	111.47 k	$2.53 bn	+10.5%
MS Morgan Stanley	97.75 k	$2.22 bn	+74.6%
Lido Advisors	70.62 k	$1.60 bn	0.0%
AMP Ameriprise Financial	62.08 k	$1.41 bn	+5.3%
BI Asset Management Fondsmaeglerselskab A/S	48.70 k	$1.11 mm	NEW

Largest transactions	Shares	Bought/sold	Change
Private Advisor	0.00	-126.13 k	EXIT
Millennium Management	111.60 k	+111.60 k	NEW
WFC Wells Fargo & Company	0.00	-99.40 k	EXIT
LPL Financial	0.00	-78.83 k	EXIT
TMD Wealth Management	0.00	-68.23 k	EXIT
Rockefeller Capital Management	0.00	-56.98 k	EXIT
BI Asset Management Fondsmaeglerselskab A/S	48.70 k	+48.70 k	NEW
Palogic Value Management	0.00	-47.68 k	EXIT
Virtus ETF Advisers	41.85 k	+41.85 k	NEW
MS Morgan Stanley	97.75 k	+41.77 k	+74.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SAR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
2 Dec 24	Oberbeck Christian L	Common Stock	Gift	Acquire G	Yes	No	7,680	64,302
2 Dec 24	Oberbeck Christian L	Common Stock	Gift	Dispose G	No	No	7,680	633,217
2 Dec 24	Oberbeck Christian L	Common Stock	Gift	Dispose G	No	No	5,120	640,897
5 Nov 24	Oberbeck Christian L	Common Stock	Other	Dispose J	No	No	430	646,017
7 Oct 24	Oberbeck Christian L	Common Stock	Other	Dispose J	No	No	248	646.447
13 Aug 24	Oberbeck Christian L	Common Stock	Other	Dispose J	No	No	635	642,190
12 Aug 24	Oberbeck Christian L	Common Stock	Other	Dispose J	No	No	27,256	642,825
12 Aug 24	Steenkamp Henri J	Common Stock	Other	Acquire J	No	No	5,514	39,154

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Press releases

From Benzinga Pro

Saratoga Investment Corp. Announces Postponement of Annual Meeting of Stockholders Until October 23, 2024

25 Sep 24

Urges Stockholders To Vote Their Shares NEW YORK, NY, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment," "Saratoga" or "the Company") today announced that the Company