Analysts forecast that Garrison Capital Inc (NASDAQ:GARS) will report sales of $8.98 million for the current quarter, according to Zacks. Three analysts have provided estimates for Garrison Capital’s earnings, with estimates ranging from $8.95 million to $9.00 million. Garrison Capital posted sales of $9.65 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.9%. The business is scheduled to issue its next earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Garrison Capital will report full-year sales of $8.98 million for the current fiscal year, with estimates ranging from $35.88 million to $35.93 million. For the next financial year, analysts expect that the business will report sales of $37.68 million per share, with estimates ranging from $36.58 million to $38.40 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Garrison Capital.

Garrison Capital (NASDAQ:GARS) last released its quarterly earnings data on Tuesday, November 7th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.02). The business had revenue of $8.90 million during the quarter. Garrison Capital had a return on equity of 9.41% and a net margin of 49.67%.

Several research firms have issued reports on GARS. ValuEngine upgraded Garrison Capital from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised Garrison Capital from a “sell” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Tuesday, October 17th. National Securities reissued a “neutral” rating and issued a $10.00 target price on shares of Garrison Capital in a report on Monday, November 13th. Finally, Maxim Group reissued a “buy” rating and issued a $11.00 target price on shares of Garrison Capital in a report on Thursday, November 9th. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $10.13.

Garrison Capital (NASDAQ GARS) traded up $0.04 during trading hours on Thursday, reaching $8.19. The company’s stock had a trading volume of 30,439 shares, compared to its average volume of 39,765. The stock has a market capitalization of $131.44, a PE ratio of 24.09 and a beta of 0.24. The company has a debt-to-equity ratio of 1.07, a current ratio of 10.29 and a quick ratio of 10.29. Garrison Capital has a 1 year low of $7.77 and a 1 year high of $10.15.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 13.68%. The ex-dividend date was Thursday, December 7th. Garrison Capital’s dividend payout ratio (DPR) is 329.41%.

In other news, CFO Brian S. Chase bought 7,000 shares of the stock in a transaction on Friday, December 8th. The shares were bought at an average price of $8.17 per share, with a total value of $57,190.00. Following the completion of the acquisition, the chief financial officer now owns 59,135 shares of the company’s stock, valued at $483,132.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Bertrand Tansey bought 7,902 shares of the stock in a transaction on Tuesday, November 21st. The stock was purchased at an average cost of $8.27 per share, for a total transaction of $65,349.54. Following the acquisition, the chief executive officer now directly owns 103,796 shares of the company’s stock, valued at approximately $858,392.92. The disclosure for this purchase can be found here. Insiders acquired 40,602 shares of company stock worth $337,332 in the last three months. 5.80% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Caxton Corp boosted its stake in shares of Garrison Capital by 1,137.2% during the third quarter. Caxton Corp now owns 850,000 shares of the investment management company’s stock valued at $7,166,000 after acquiring an additional 781,298 shares during the last quarter. OxFORD Asset Management LLP raised its stake in Garrison Capital by 56.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 17,586 shares of the investment management company’s stock valued at $148,000 after acquiring an additional 6,321 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Garrison Capital during the 2nd quarter valued at $178,000. Goldman Sachs Group Inc. bought a new stake in Garrison Capital during the 2nd quarter valued at $129,000. Finally, Stephens Inc. AR raised its stake in Garrison Capital by 40.1% during the 2nd quarter. Stephens Inc. AR now owns 30,274 shares of the investment management company’s stock valued at $250,000 after acquiring an additional 8,667 shares in the last quarter. 24.22% of the stock is currently owned by institutional investors.

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Garrison Capital Company Profile

Garrison Capital Inc is a managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by making investments primarily in debt securities and loans of the United States-based middle-market companies, which it defines as those having annual earnings before interest, taxes and depreciation, or EBITDA, of certain amount.

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