Analysts predict that Garrison Capital Inc (NASDAQ:GARS) will announce $10.76 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Garrison Capital’s earnings. The highest sales estimate is $10.86 million and the lowest is $10.65 million. Garrison Capital posted sales of $9.69 million in the same quarter last year, which would indicate a positive year over year growth rate of 11%. The firm is scheduled to announce its next earnings report on Tuesday, August 6th.
According to Zacks, analysts expect that Garrison Capital will report full year sales of $43.06 million for the current fiscal year, with estimates ranging from $42.73 million to $43.38 million. For the next financial year, analysts expect that the firm will report sales of $44.56 million, with estimates ranging from $43.92 million to $45.20 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Garrison Capital.
Garrison Capital (NASDAQ:GARS) last released its earnings results on Tuesday, May 7th. The investment management company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Garrison Capital had a positive return on equity of 8.29% and a negative net margin of 3.06%. The company had revenue of $10.23 million during the quarter, compared to analysts’ expectations of $10.75 million.
In other news, COO Brian S. Chase bought 11,900 shares of the stock in a transaction on Monday, March 11th. The shares were bought at an average price of $7.47 per share, with a total value of $88,893.00. Following the completion of the acquisition, the chief operating officer now owns 67,135 shares in the company, valued at $501,498.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph Bertrand Tansey bought 23,716 shares of the stock in a transaction on Wednesday, March 13th. The stock was purchased at an average cost of $7.46 per share, for a total transaction of $176,921.36. Following the acquisition, the chief executive officer now owns 136,412 shares of the company’s stock, valued at approximately $1,017,633.52. The disclosure for this purchase can be found here. Insiders have purchased 67,632 shares of company stock worth $504,202 over the last ninety days. 6.40% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Stilwell Value LLC bought a new position in Garrison Capital in the fourth quarter valued at about $726,000. Clear Harbor Asset Management LLC lifted its holdings in Garrison Capital by 3.5% in the fourth quarter. Clear Harbor Asset Management LLC now owns 91,885 shares of the investment management company’s stock valued at $591,000 after acquiring an additional 3,098 shares during the period. Acadian Asset Management LLC lifted its holdings in Garrison Capital by 27.1% in the fourth quarter. Acadian Asset Management LLC now owns 90,335 shares of the investment management company’s stock valued at $582,000 after acquiring an additional 19,282 shares during the period. Morgan Stanley lifted its holdings in Garrison Capital by 9.8% in the first quarter. Morgan Stanley now owns 70,721 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 6,286 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in Garrison Capital by 89.0% in the first quarter. Oppenheimer & Co. Inc. now owns 46,364 shares of the investment management company’s stock valued at $333,000 after acquiring an additional 21,838 shares during the period. 26.93% of the stock is currently owned by institutional investors.
Shares of NASDAQ GARS traded down $0.03 during trading on Thursday, reaching $6.89. The company had a trading volume of 51,200 shares, compared to its average volume of 35,106. Garrison Capital has a 12-month low of $6.03 and a 12-month high of $8.95. The stock has a market cap of $110.75 million, a P/E ratio of 6.82 and a beta of 0.65. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 2.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.92 annualized dividend and a dividend yield of 13.35%. Garrison Capital’s dividend payout ratio (DPR) is presently 91.09%.
Garrison Capital Company Profile
Garrison Capital Inc is a business development company specializing in investments primarily in the debt and equity of middle market companies. It seeks to invest in first lien senior secured loans, second lien senior secured loans, one-stop senior secured or unitranche loans, subordinated or mezzanine loans, unsecured consumer loans and to a lesser extent, selected equity co-investments in middle-market companies, warrants and minority equity securities in United States middle-market companies.
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