Saratoga Investment (SAX) Stock Analysis & Price (Updated Oct 16, 2026, 4:00 PM ET)
Updated Oct 16, 2026, 4:00 PM ET
- Closed at $25.14, -2.10% vs the prior close of $25.68.
- Volume 14.79K shares, 0.3x its 50-day average (light).
- No new SEC filings since the prior session.
- No new insider buys or sales reported since the prior session.
SAX dips 2.1% to $25.14. Closed at $25.14, -2.10% vs the prior close of $25.68. Day range $25.14–$25.50, opened at $25.47.
SAX daily analysis — what happened
A plain-English, data-only note written after every US trading day. Newest first; older days stay archived below.
Oct 16, 2026 — SAX dips 2.1% to $25.14
- Closed at $25.14, -2.10% vs the prior close of $25.68. Day range $25.14–$25.50, opened at $25.47.
- Volume was 14.79K shares, 0.3x its 50-day average of 50.67K — lighter than usual.
- 52-week range $24.40–$25.75; today's close sits at 55% of that range, 2.4% below the 52-week high.
Oct 15, 2026 — SAX rises 1.2% to $25.68, 3 up days in a row
- Closed at $25.68, +1.22% vs the prior close of $25.37. Day range $25.24–$25.68, opened at $25.31.
- Volume was 2.60K shares, 0.0x its 50-day average of 52.09K — lighter than usual.
- 52-week range $24.40–$25.75; today's close sits at 95% of that range, 0.3% below the 52-week high.
- That makes 3 straight gains.
Oct 14, 2026 — SAX rises 0.4% to $25.37
- Closed at $25.37, +0.36% vs the prior close of $25.28. Day range $25.22–$25.52, opened at $25.27.
- Volume was 13.60K shares, 0.3x its 50-day average of 53.25K — lighter than usual.
- 52-week range $24.40–$25.75; today's close sits at 72% of that range, 1.5% below the 52-week high.
Oct 13, 2026 — SAX ends flat (+0.1%) to $25.28
- Closed at $25.28, +0.12% vs the prior close of $25.25. Day range $25.28–$25.32, opened at $25.32.
- Volume was 3.40K shares, 0.1x its 50-day average of 54.81K — lighter than usual.
- 52-week range $24.40–$25.75; today's close sits at 65% of that range, 1.8% below the 52-week high.
Oct 12, 2026 — SAX ends flat (+0.0%) to $25.25, 8 down days in a row
- Closed at $25.25, +0.00% vs the prior close of $25.25. Day range $25.11–$25.30, opened at $25.30.
- Volume was 4.30K shares, 0.1x its 50-day average of 56.44K — lighter than usual.
- 52-week range $24.40–$25.75; today's close sits at 63% of that range, 1.9% below the 52-week high.
- That makes 8 straight losses.
Oct 9, 2026 — SAX ends flat (+0.0%) to $25.25, 7 down days in a row
- Closed at $25.25, +0.00% vs the prior close of $25.25. Day range $25.21–$25.28, opened at $25.21.
- Volume was 1.10K shares, 0.0x its 50-day average of 58.29K — lighter than usual.
- 52-week range $24.40–$25.75; today's close sits at 63% of that range, 1.9% below the 52-week high.
- That makes 7 straight losses.
- SEC filings that day: 8-K.
Oct 8, 2026 — SAX ends flat (+0.0%) to $25.25, 6 down days in a row
- Closed at $25.25, +0.00% vs the prior close of $25.25. Day range $25.20–$25.31, opened at $25.21.
- Volume was 8.50K shares, 0.1x its 50-day average of 60.00K — lighter than usual.
- 52-week range $24.40–$25.75; today's close sits at 63% of that range, 1.9% below the 52-week high.
- That makes 6 straight losses.
Oct 7, 2026 — SAX dips 0.4% to $25.25, 5 down days in a row
- Closed at $25.25, -0.36% vs the prior close of $25.34. Day range $25.20–$25.34, opened at $25.20.
- Volume was 22.80K shares, 0.4x its 50-day average of 61.33K — lighter than usual.
- 52-week range $24.40–$25.75; today's close sits at 63% of that range, 1.9% below the 52-week high.
- That makes 5 straight losses.
Oct 6, 2026 — SAX ends flat (-0.1%) to $25.34, 4 down days in a row
- Closed at $25.34, -0.12% vs the prior close of $25.37. Day range $25.29–$25.40, opened at $25.37.
- Volume was 3.60K shares, 0.1x its 50-day average of 63.47K — lighter than usual.
- 52-week range $24.40–$25.75; today's close sits at 70% of that range, 1.6% below the 52-week high.
- That makes 4 straight losses.
- 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 — SAX dips 0.9% to $25.37, 3 down days in a row
- Closed at $25.37, -0.94% vs the prior close of $25.61. Day range $25.37–$25.58, opened at $25.58.
- Volume was 7.30K shares, 0.1x its 50-day average of 65.63K — lighter than usual.
- 52-week range $24.40–$25.75; today's close sits at 72% of that range, 1.5% below the 52-week high.
- That makes 3 straight losses.
Oct 2, 2026 — SAX dips 0.4% to $25.61
- Closed at $25.61, -0.35% vs the prior close of $25.70. Day range $25.45–$25.61, opened at $25.55.
- Volume was 2.90K shares, 0.0x its 50-day average of 68.14K — lighter than usual.
- 52-week range $24.40–$25.75; today's close sits at 90% of that range, 0.5% below the 52-week high.
SAX latest news & SEC filings
Every SEC filing by or about SAX 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 SAX
- 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 0.53% (largest 2.1%). That is a relatively calm stock.
- Liquidity: about 57.19K shares (≈$1.44M) trade per day on average. Thin volume can mean wider bid/ask spreads.
- 52-week position: $25.14 vs a range of $24.40–$25.75 (55% of the range).
- Dividends: no cash dividends in the last 2 years.
- 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: —.
SAX market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 16, 2026 | 25.47 | 25.50 | 25.14 | 25.14 | 14.79K |
| Oct 15, 2026 | 25.31 | 25.68 | 25.24 | 25.68 | 2.60K |
| Oct 14, 2026 | 25.27 | 25.52 | 25.22 | 25.37 | 13.60K |
| Oct 13, 2026 | 25.32 | 25.32 | 25.28 | 25.28 | 3.40K |
| Oct 12, 2026 | 25.30 | 25.30 | 25.11 | 25.25 | 4.30K |
| Oct 9, 2026 | 25.21 | 25.28 | 25.21 | 25.25 | 1.10K |
| Oct 8, 2026 | 25.21 | 25.31 | 25.20 | 25.25 | 8.50K |
| Oct 7, 2026 | 25.20 | 25.34 | 25.20 | 25.25 | 22.80K |
| Oct 6, 2026 | 25.37 | 25.40 | 25.29 | 25.34 | 3.60K |
| Oct 5, 2026 | 25.58 | 25.58 | 25.37 | 25.37 | 7.30K |
| Oct 2, 2026 | 25.55 | 25.61 | 25.45 | 25.61 | 2.90K |
| Oct 1, 2026 | 25.30 | 25.72 | 25.16 | 25.70 | 106.90K |
| Sep 30, 2026 | 25.35 | 25.75 | 25.30 | 25.75 | 564.70K |
| Sep 29, 2026 | 24.85 | 25.65 | 24.85 | 25.33 | 101.50K |
| Sep 28, 2026 | 25.08 | 25.08 | 24.93 | 24.96 | 13.90K |
| Sep 25, 2026 | 24.80 | 24.95 | 24.80 | 24.95 | 9.70K |
| Sep 24, 2026 | 24.95 | 24.95 | 24.86 | 24.88 | 21.10K |
| Sep 23, 2026 | 24.93 | 24.93 | 24.83 | 24.93 | 200.30K |
| Sep 22, 2026 | 25.15 | 25.16 | 25.11 | 25.16 | 33.70K |
| Sep 21, 2026 | 25.15 | 25.15 | 25.05 | 25.13 | 7.20K |
About Saratoga Investment
Saratoga Investment (SAX) 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.
SAX 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. | ||||
SAX 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).
SAX earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| Oct 6, 2026 | 8-K Item 2.02 (results) | $25.34 |
| Jul 7, 2026 | 8-K Item 2.02 (results) | — |
| May 5, 2026 | 8-K Item 2.02 (results) | — |
| Jan 7, 2026 | 8-K Item 2.02 (results) | — |
| Oct 7, 2025 | 8-K Item 2.02 (results) | — |
| Jul 8, 2025 | 8-K Item 2.02 (results) | — |
| May 7, 2025 | 8-K Item 2.02 (results) | — |
| Jan 8, 2025 | 8-K Item 2.02 (results) | — |
| 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 16, 2026, 4:00 PM ET. Filings: SEC EDGAR. Updated after every US trading day.