Saratoga Investment (SAJ) Latest Stock Analysis Report – Oct 15, 2026, 4:00 PM ET
Updated Oct 15, 2026, 4:00 PM ET
- Closed at $25.30, -0.16% vs the prior close of $25.34.
- Volume 600 shares, 0.1x its 50-day average (light).
- No new SEC filings since the prior session.
- No new insider buys or sales reported since the prior session.
SAJ ends flat (-0.2%) to $25.30. Closed at $25.30, -0.16% vs the prior close of $25.34. Day range $25.24–$25.30, opened at $25.24.
SAJ daily analysis — what happened
A plain-English, data-only note written after every US trading day. Newest first; older days stay archived below.
Oct 15, 2026 — SAJ ends flat (-0.2%) to $25.30
- Closed at $25.30, -0.16% vs the prior close of $25.34. Day range $25.24–$25.30, opened at $25.24.
- Volume was 600 shares, 0.1x its 50-day average of 4.16K — lighter than usual.
- Price is +0.3% vs its 50-day average ($25.21) and -0.6% vs its 200-day average ($25.46).
- 52-week range $24.95–$27.92; today's close sits at 12% of that range, 9.4% below the 52-week high.
Oct 14, 2026 — SAJ rises 0.4% to $25.34 on 2.1x normal volume
- Closed at $25.34, +0.40% vs the prior close of $25.24. Day range $25.34–$25.42, opened at $25.34.
- Volume was 8.50K shares, 2.1x its 50-day average of 3.99K — unusually heavy trading.
- Price is +0.5% vs its 50-day average ($25.22) and -0.5% vs its 200-day average ($25.46).
- 52-week range $24.95–$27.92; today's close sits at 13% of that range, 9.2% below the 52-week high.
Oct 13, 2026 — SAJ ends flat (-0.2%) to $25.24 on 2.4x normal volume
- Closed at $25.24, -0.16% vs the prior close of $25.28. Day range $25.24–$25.31, opened at $25.25.
- Volume was 9.20K shares, 2.4x its 50-day average of 3.81K — unusually heavy trading.
- Price is +0.0% vs its 50-day average ($25.23) and -0.9% vs its 200-day average ($25.46).
- 52-week range $24.95–$27.92; today's close sits at 10% of that range, 9.6% below the 52-week high.
Oct 12, 2026 — SAJ dips 0.6% to $25.28
- Closed at $25.28, -0.55% vs the prior close of $25.42. Day range $25.24–$25.32, opened at $25.24.
- Volume was 3.20K shares, 0.9x its 50-day average of 3.75K.
- Price is +0.2% vs its 50-day average ($25.24) and -0.7% vs its 200-day average ($25.46).
- 52-week range $24.95–$27.92; today's close sits at 11% of that range, 9.5% below the 52-week high.
Oct 9, 2026 — SAJ rises 0.6% to $25.42, a 1-month high
- Closed at $25.42, +0.59% vs the prior close of $25.27. Day range $25.30–$25.42, opened at $25.30.
- Volume was 3.90K shares, 1.1x its 50-day average of 3.68K.
- Price is +0.7% vs its 50-day average ($25.24) and -0.2% vs its 200-day average ($25.46).
- 52-week range $24.95–$27.92; today's close sits at 16% of that range, 9.0% below the 52-week high.
- SEC filings that day: 8-K.
Oct 8, 2026 — SAJ rises 0.3% to $25.27, a 1-month high
- Closed at $25.27, +0.32% vs the prior close of $25.19. Day range $25.20–$25.30, opened at $25.20.
- Volume was 1.10K shares, 0.3x its 50-day average of 3.68K — lighter than usual.
- Price is +0.1% vs its 50-day average ($25.25) and -0.8% vs its 200-day average ($25.46).
- 52-week range $24.95–$27.92; today's close sits at 11% of that range, 9.5% below the 52-week high.
Oct 7, 2026 — SAJ ends flat (-0.3%) to $25.19
- Closed at $25.19, -0.28% vs the prior close of $25.26. Day range $25.17–$25.27, opened at $25.20.
- Volume was 2.50K shares, 0.7x its 50-day average of 3.63K.
- Price is -0.2% vs its 50-day average ($25.25) and -1.1% vs its 200-day average ($25.46).
- 52-week range $24.95–$27.92; today's close sits at 8% of that range, 9.8% below the 52-week high.
Oct 6, 2026 — SAJ ends flat (+0.1%) to $25.26, a 1-month high, 4 up days in a row
- Closed at $25.26, +0.08% vs the prior close of $25.24. Day range $25.26–$25.26, opened at $25.26.
- Volume was 400 shares, 0.1x its 50-day average of 3.62K — lighter than usual.
- Price is +0.0% vs its 50-day average ($25.26) and -0.8% vs its 200-day average ($25.46).
- 52-week range $24.95–$27.92; today's close sits at 10% of that range, 9.5% below the 52-week high.
- That makes 4 straight gains.
- SEC filings that day: 8-K, 10-Q.
- This was a results day: the company filed an earnings release (8-K Item 2.02).
Oct 5, 2026 — SAJ ends flat (+0.1%) to $25.24, a 1-month high, 3 up days in a row
- Closed at $25.24, +0.08% vs the prior close of $25.22. Day range $25.24–$25.24, opened at $25.24.
- Volume was 100 shares, 0.0x its 50-day average of 3.66K — lighter than usual.
- Price is -0.1% vs its 50-day average ($25.27) and -0.9% vs its 200-day average ($25.46).
- 52-week range $24.95–$27.92; today's close sits at 10% of that range, 9.6% below the 52-week high.
- That makes 3 straight gains.
Oct 2, 2026 — SAJ ends flat (+0.2%) to $25.22, a 1-month high
- Closed at $25.22, +0.24% vs the prior close of $25.16. Day range $25.21–$25.25, opened at $25.25.
- Volume was 1.80K shares, 0.5x its 50-day average of 3.63K — lighter than usual.
- Price is -0.2% vs its 50-day average ($25.27) and -1.0% vs its 200-day average ($25.46).
- 52-week range $24.95–$27.92; today's close sits at 9% of that range, 9.7% below the 52-week high.
SAJ latest news & SEC filings
Every SEC filing by or about SAJ in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Oct 13, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Oberbeck Christian L bought 15,000 shares at $14.89 (≈$223.35K) on Oct 8, 2026; now holds 15,000
- Oberbeck Christian L bought 15,000 shares at $14.83 (≈$222.45K) on Oct 9, 2026; now holds 30,000
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Oct 9, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 1.01 — Signed a material agreement.
- Item 2.03 — Took on a new material debt or financial obligation.
Oct 6, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 2.02 — Reported results of operations (earnings release).
This is a results-day filing: the earnings press release is attached as an exhibit.
Oct 6, 2026 · Form 10-Q — Quarterly report
Quarterly report (unaudited financial statements for the quarter)
Quarter ended Aug 31, 2026:
- Net income: -$6.66M (prior year $13.29M) (loss widened vs Aug 31, 2025)
- Diluted EPS: -$0.41 (prior year $0.84) (loss widened vs Aug 31, 2025)
Sep 24, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 1.01 — Signed a material agreement.
- Item 2.03 — Took on a new material debt or financial obligation.
Sep 24, 2026 · Form 424B2 — Prospectus for a securities offering
Prospectus for a securities offering
An offering document: new shares or debt may be sold, which can increase the share count (dilution) or debt load. Size and terms are in the prospectus.
Sep 23, 2026 · Form FWP — Free writing prospectus (offering marketing material)
Free writing prospectus (offering marketing material)
An offering document: new shares or debt may be sold, which can increase the share count (dilution) or debt load. Size and terms are in the prospectus.
Sep 23, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 5.07 — Reported shareholder vote results.
Sep 22, 2026 · Form 424B2 — Prospectus for a securities offering
Prospectus for a securities offering
An offering document: new shares or debt may be sold, which can increase the share count (dilution) or debt load. Size and terms are in the prospectus.
Sep 18, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 5.02 — Change in directors or officers (appointment, departure or pay).
Sep 18, 2026 · Form 25-NSE — Notice that a security is being removed from exchange listing
Notice that a security is being removed from exchange listing
Sep 10, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
Insider holdings update with no common-stock transactions in the table (often options or derivative awards only).
Things to know before you trade SAJ
- Last results release: Oct 6, 2026 (8-K Item 2.02). Previous ones: Jul 7, 2026, May 5, 2026, Jan 7, 2026. Based on that rhythm, the next report is likely around Jan 5, 2027 — an estimate, not a confirmed date.
- How much it moves: over the last 20 sessions the average daily move was 0.19% (largest 0.6%). That is a relatively calm stock.
- Liquidity: about 3.44K shares (≈$86.91K) trade per day on average. Thin volume can mean wider bid/ask spreads.
- 52-week position: $25.30 vs a range of $24.95–$27.92 (12% of the range).
- Dividends: last ex-dividend date Aug 14, 2026 ($0.5/share); 4 payments in the past 12 months.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 0 open-market buys, 0 sales.
- Latest filings: 8-K Oct 9, 2026; 8-K Oct 6, 2026; 10-Q Oct 6, 2026.
- Share count: 15.56M shares outstanding (Oct 5, 2026), -3.4% vs a year earlier — the company has been reducing its share count.
- Listing: NYSE · industry: —.
SAJ market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 15, 2026 | 25.24 | 25.30 | 25.24 | 25.30 | 600 |
| Oct 14, 2026 | 25.34 | 25.42 | 25.34 | 25.34 | 8.50K |
| Oct 13, 2026 | 25.25 | 25.31 | 25.24 | 25.24 | 9.20K |
| Oct 12, 2026 | 25.24 | 25.32 | 25.24 | 25.28 | 3.20K |
| Oct 9, 2026 | 25.30 | 25.42 | 25.30 | 25.42 | 3.90K |
| Oct 8, 2026 | 25.20 | 25.30 | 25.20 | 25.27 | 1.10K |
| Oct 7, 2026 | 25.20 | 25.27 | 25.17 | 25.19 | 2.50K |
| Oct 6, 2026 | 25.26 | 25.26 | 25.26 | 25.26 | 400 |
| Oct 5, 2026 | 25.24 | 25.24 | 25.24 | 25.24 | 100 |
| Oct 2, 2026 | 25.25 | 25.25 | 25.21 | 25.22 | 1.80K |
| Oct 1, 2026 | 25.16 | 25.16 | 25.16 | 25.16 | 300 |
| Sep 30, 2026 | 25.20 | 25.20 | 25.14 | 25.15 | 1.40K |
| Sep 29, 2026 | 25.15 | 25.17 | 25.00 | 25.17 | 14.60K |
| Sep 28, 2026 | 25.15 | 25.20 | 25.15 | 25.17 | 1.80K |
| Sep 25, 2026 | 25.15 | 25.20 | 25.15 | 25.20 | 1.30K |
| Sep 24, 2026 | 25.17 | 25.18 | 25.14 | 25.18 | 2.60K |
| Sep 23, 2026 | 25.15 | 25.20 | 25.13 | 25.19 | 1.20K |
| Sep 22, 2026 | 25.17 | 25.17 | 25.03 | 25.16 | 6.70K |
| Sep 21, 2026 | 25.14 | 25.17 | 25.13 | 25.15 | 2.90K |
| Sep 18, 2026 | 25.02 | 25.10 | 25.01 | 25.10 | 4.60K |
About Saratoga Investment
Saratoga Investment (SAJ) is listed on the NYSE and classified by the SEC under “—”. Its business address is in NEW YORK, NY. State of incorporation: MD. Fiscal year ends February 28. SEC CIK 1377936.
SAJ board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| Christian L Oberbeck | CEO and Director | Sep 10, 2026 |
| Scott E. Zoellner | Director | Aug 5, 2026 |
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| Christian L Oberbeck | CEO and Director | Sep 10, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| No open-market insider buys or sales reported in the last 12 months. | ||||
SAJ financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| Feb 28, 2026 | — | $36.60M | 2.31 | $-88.03M |
| Feb 28, 2025 | — | $28.09M | 2.02 | $197.54M |
| Feb 29, 2024 | — | $8.93M | 0.71 | $-157.21M |
| Feb 28, 2023 | — | $24.68M | 2.06 | $-130.37M |
| Feb 28, 2022 | — | $45.74M | 3.99 | $-203.13M |
Latest balance sheet: total assets $1.26B, total liabilities $903.69M, cash $80.09M (as of Aug 31, 2026).
SAJ earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| Oct 6, 2026 | 8-K Item 2.02 (results) | $25.26 |
| Jul 7, 2026 | 8-K Item 2.02 (results) | $25.57 |
| May 5, 2026 | 8-K Item 2.02 (results) | $25.78 |
| Jan 7, 2026 | 8-K Item 2.02 (results) | $25.60 |
| Oct 7, 2025 | 8-K Item 2.02 (results) | $25.34 |
| Jul 8, 2025 | 8-K Item 2.02 (results) | $25.45 |
| May 7, 2025 | 8-K Item 2.02 (results) | $25.62 |
| Jan 8, 2025 | 8-K Item 2.02 (results) | $25.41 |
| Oct 8, 2024 | 8-K Item 2.02 (results) | — |
| Jul 9, 2024 | 8-K Item 2.02 (results) | — |
| May 6, 2024 | 8-K Item 2.02 (results) | — |
| Jan 9, 2024 | 8-K Item 2.02 (results) | — |
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Information only, not investment advice. BuyMeWhiskey is not a registered investment adviser or broker-dealer; nothing here is a recommendation to buy, sell or hold any security, and there are no price targets. Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: end-of-day data as of Oct 15, 2026, 4:00 PM ET. Filings: SEC EDGAR. Updated after every US trading day.