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. It invests or provides direct lending in first lien senior secured loans, second lien senior secured loans, one-stop senior secured loans or unitranche loans, subordinated or mezzanine loans, unsecured consumer loans and to a lesser extent, selected equity co-investments in middle-market companies. The Company intends to generate risk-adjusted net returns by assembling a portfolio of investments. The Company's investment advisor is Garrison Capital Advisers LLC.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Asset Management
- Sub-Industry: N/A
- Symbol: NASDAQ:GARS
- CUSIP: N/A
- Web: N/A
- 50 Day Moving Avg: $9.46
- 200 Day Moving Avg: $9.51
- 52 Week Range: $8.60 - $10.98
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 8.64
- P/E Growth: 1.57
- Average Volume: 56,786 shs.
Frequently Asked Questions for Garrison Capital (NASDAQ:GARS)
What is Garrison Capital's stock symbol?
Garrison Capital trades on the NASDAQ under the ticker symbol "GARS."
How often does Garrison Capital pay dividends? What is the dividend yield for Garrison Capital?
Garrison Capital announced a quarterly dividend on Thursday, May 11th. Shareholders of record on Friday, June 9th will be paid a dividend of $0.28 per share on Friday, June 23rd. This represents a $1.12 dividend on an annualized basis and a yield of 12.83%. The ex-dividend date is Wednesday, June 7th. View Garrison Capital's Dividend History.
How were Garrison Capital's earnings last quarter?
Garrison Capital Inc (NASDAQ:GARS) announced its quarterly earnings data on Tuesday, May, 9th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.29 by $0.03. The business earned $8.99 million during the quarter, compared to analysts' expectations of $9.73 million. View Garrison Capital's Earnings History.
Where is Garrison Capital's stock going? Where will Garrison Capital's stock price be in 2017?
8 brokerages have issued twelve-month price targets for Garrison Capital's shares. Their forecasts range from $10.00 to $10.50. On average, they anticipate Garrison Capital's share price to reach $10.13 in the next twelve months. View Analyst Ratings for Garrison Capital.
What are analysts saying about Garrison Capital stock?
Here are some recent quotes from research analysts about Garrison Capital stock:
- 1. National Securities analysts commented, "• NAV/share declined 4.3% Q/Q to $11.90 from $12.42. Speed Commerce came back on non-accrual during the quarter having been off since 6/30/16 along with new non-accrual Walnut Hill. Non-accruals increased to $31.2 million from $21.2 million Q/Q.
• The drag on earnings from non-accrual assets combined with lower yields on larger company size investments, particularly purchased assets, is likely to become large enough in magnitude. Even though we don’t model any incentive fee being earned until 3Q18, we still think absent this being earned that NII/share will fall significantly on a portfolio where growth should be minimal due to leverage levels and a lot of growth will likely be in lower yielding purchased loans.
• As a result, we expect NIM (net investment margin) to decrease to 7.61% in 2017 and 7.40% in 2018 from 10.27% in 2016, inducing significant pressure on earnings.
• While the SBIC can provide much needed leverage that doesn’t count for the 200% asset coverage test, we note that management has discussed seeing what they deem better opportunities with larger club or syndicated deals which would not fit into the SBIC, which generally consists of lower middle market (LMM) companies. As a result, we think this will lead to only very modest portfolio growth through 2017 and 2018.
• We are revising our 2017 adjusted NII/share estimate to $1.10 from $1.17 and our 2018 adjusted NII/share estimate to $1.09 from $1.11. " (5/15/2017)
- 2. Maxim Group analysts commented, "With weaker credit quality over the past eight quarters, after a relatively strong performance by its external manager during the economic downturn that began in 2008, GARS has: (1) taken a more cautious posture toward originations (assuming a weaker environment); (2) revamped its investment teams, appointed a new head of underwriting, and tightened its underwriting standards; (3) focused on first-lien investments originated in conjunction with private equity sponsors, as opposed to unsponsored investments (which were responsible for a disproportionate amount of losses); and, (4) migrated into the upper middle market (at least for now)." (5/11/2017)
Are investors shorting Garrison Capital?
Garrison Capital saw a increase in short interest in the month of April. As of April 28th, there was short interest totalling 195,509 shares, an increase of 4.2% from the April 13th total of 187,651 shares. Based on an average trading volume of 41,069 shares, the short-interest ratio is currently 4.8 days.
Who are some of Garrison Capital's key competitors?
Some companies that are related to Garrison Capital include BlackRock (BLK), Bank of New York Mellon Corp (BK), State Street Corp (STT), Franklin Resources (BEN), Blackstone Group LP (BX), Northern Trust (NTRS), Ameriprise Financial (AMP), T. Rowe Price Group (TROW), Invesco (IVZ), Affiliated Managers Group (AMG), KKR & Co. L.P. (KKR), SEI Investments Company (SEIC), Voya Financial (VOYA), Lazard Ltd (LAZ), Eaton Vance Corp (EV), Ares Management LP (ARES), Legg Mason (LM) and Oaktree Capital Group LLC (OAK).
Who owns Garrison Capital stock?
Garrison Capital's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Advisors Asset Management Inc. (0.00%), UBS Group AG (2.75%), Ares Management LLC (1.93%), Alliancebernstein L.P. (0.69%), B. Riley Financial Inc. (0.46%) and Blair William & Co. IL (0.44%). Company insiders that own Garrison Capital stock include Brian S Chase, Bruce W Shewmaker, Joseph Bertrand Tansey, Joseph Morea, Matthew Joseph Westwood and Rafael Astruc. View Institutional Ownership Trends for Garrison Capital.
Who sold Garrison Capital stock? Who is selling Garrison Capital stock?
Garrison Capital's stock was sold by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., Alliancebernstein L.P., Morgan Stanley, Janney Montgomery Scott LLC, Oppenheimer & Co. Inc. and B. Riley Financial Inc.. View Insider Buying and Selling for Garrison Capital.
Who bought Garrison Capital stock? Who is buying Garrison Capital stock?
Garrison Capital's stock was purchased by a variety of institutional investors in the last quarter, including UBS Group AG, Stephens Inc. AR, Ares Management LLC, Blair William & Co. IL and Baird Financial Group Inc.. Company insiders that have bought Garrison Capital stock in the last two years include Brian S Chase, Bruce W Shewmaker, Joseph Bertrand Tansey, Joseph Morea, Matthew Joseph Westwood and Rafael Astruc. View Insider Buying and Selling for Garrison Capital.
How do I buy Garrison Capital stock?
Shares of Garrison Capital can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Garrison Capital stock cost?
One share of Garrison Capital stock can currently be purchased for approximately $8.73.
Earnings History for Garrison Capital (NASDAQ:GARS)Earnings History by Quarter for Garrison Capital (NASDAQ:GARS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/9/2017||Q1 2017||$0.29||$0.26||$9.73 million||$8.99 million||View||N/A|
|3/7/2017||12/31/2016||$0.35||$0.31||$10.79 million||$9.65 million||View||N/A|
|11/9/2016||9/30/2016||$0.37||$0.16||$11.20 million||$11.11 million||View||N/A|
|8/9/2016||Q2||$0.37||$0.36||$11.16 million||$11.14 million||View||N/A|
|5/9/2016||Q1||$0.35||$0.36||$11.60 million||$11.06 million||View||N/A|
|3/2/2016||Q4||$0.37||$0.41||$12.55 million||$11.48 million||View||N/A|
|11/4/2015||Q315||$0.37||$0.49||$12.91 million||$13.21 million||View||N/A|
|8/4/2015||Q215||$0.38||$0.43||$13.09 million||$13.15 million||View||N/A|
|3/4/2015||Q414||$0.37||$0.41||$12.83 million||$13.39 million||View||N/A|
|11/5/2014||Q3 2014||$0.35||$0.37||$12.31 million||$12.94 million||View||N/A|
|8/6/2014||Q214||$0.35||$0.36||$12.01 million||$12.85 million||View||N/A|
|8/8/2013||Q2 2013||$0.33||$0.30||$7.36 million||View||N/A|
Earnings Estimates for Garrison Capital (NASDAQ:GARS)
2017 EPS Consensus Estimate: $1.31
2018 EPS Consensus Estimate: $0.89
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History by Quarter for Garrison Capital (NASDAQ:GARS)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Garrison Capital (NASDAQ:GARS)Insider Trades by Quarter for Garrison Capital (NASDAQ:GARS)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/19/2017||Brian S Chase||CFO||Buy||2,010||$8.60||$17,286.00|| |
|5/17/2017||Joseph Bertrand Tansey||CEO||Buy||9,000||$8.70||$78,300.00|| |
|5/16/2017||Brian S Chase||CFO||Buy||6,000||$8.69||$52,140.00|| |
|5/16/2017||Joseph Bertrand Tansey||CEO||Buy||16,700||$8.83||$147,461.00|| |
|5/15/2017||Joseph Morea||Director||Buy||500||$9.05||$4,525.00|| |
|3/13/2017||Brian S Chase||CFO||Buy||5,000||$9.82||$49,100.00|| |
|3/13/2017||Joseph Morea||Director||Buy||1,000||$9.85||$9,850.00|| |
|11/28/2016||Joseph Morea||Director||Buy||500||$9.37||$4,685.00|| |
|11/16/2016||Brian S Chase||CFO||Buy||1,000||$8.96||$8,960.00|| |
|11/15/2016||Brian S Chase||CFO||Buy||4,411||$8.95||$39,478.45|| |
|11/14/2016||Brian S Chase||CFO||Buy||3,011||$9.00||$27,099.00|| |
|6/9/2016||Matthew Joseph Westwood||Director||Buy||2,000||$10.17||$20,340.00|| |
|6/7/2016||Joseph Bertrand Tansey||CEO||Buy||10,000||$10.47||$104,700.00|| |
|5/19/2016||Bruce W Shewmaker||Director||Buy||1,000||$10.01||$10,010.00|| |
|5/18/2016||Rafael Astruc||Director||Buy||2,500||$10.15||$25,375.00|| |
|3/21/2016||Bruce W Shewmaker||Director||Buy||1,500||$10.29||$15,435.00|| |
|3/21/2016||Joseph Bertrand Tansey||CEO||Buy||329||$10.26||$3,375.54|| |
|3/18/2016||Joseph Bertrand Tansey||CEO||Buy||4,000||$10.31||$41,240.00|| |
|3/17/2016||Joseph Bertrand Tansey||CEO||Buy||16,001||$10.24||$163,850.24|| |
|3/9/2016||Brian S Chase||CFO||Buy||8,100||$10.04||$81,324.00|| |
|3/9/2016||Joseph Bertrand Tansey||CEO||Buy||6,795||$9.90||$67,270.50|| |
|3/9/2016||Joseph Morea||Director||Buy||500||$9.92||$4,960.00|| |
|3/8/2016||Brian S Chase||CFO||Buy||1,600||$9.98||$15,968.00|| |
|3/8/2016||Bruce W Shewmaker||Director||Buy||2,000||$10.10||$20,200.00|| |
|3/7/2016||Brian S Chase||CFO||Buy||5,000||$10.10||$50,500.00|| |
|11/16/2015||Bruce W. Shewmaker||Director||Buy||1,000||$13.45||$13,450.00|| |
|3/23/2015||Steven Scott Stuart||Major Shareholder||Sell||1,009,990||$14.62||$14,766,053.80|| |
|3/19/2015||Brian S Chase||Insider||Buy||2,000||$14.58||$29,160.00|| |
|3/19/2015||Michelle Rancic||CAO||Buy||3,500||$14.58||$51,030.00|| |
|12/18/2014||Steven Scott Stuart||Major Shareholder||Sell||100,000||$14.69||$1,469,000.00|| |
|12/10/2014||Steven Scott Stuart||Major Shareholder||Sell||7,000||$14.68||$102,760.00|| |
|12/8/2014||Brian S Chase||CFO||Buy||2,000||$14.65||$29,300.00|| |
|12/4/2014||Brian S Chase||CFO||Buy||1,000||$14.94||$14,940.00|| |
|12/1/2014||Brian S Chase||CFO||Buy||3,000||$14.74||$44,220.00|| |
|9/9/2014||Rafael Astruc||Director||Buy||1,115||$14.69||$16,379.35|| |
|8/15/2014||Brian S Chase||CFO||Buy||1,035||$14.49||$14,997.15|| |
|8/13/2014||Steven Scott Stuart||Major Shareholder||Sell||220,190||$14.50||$3,192,755.00|| |
|8/12/2014||Joseph Bertrand Tansey||CEO||Buy||2,599||$14.43||$37,503.57|| |
|8/11/2014||Brian S Chase||CFO||Buy||2,000||$14.45||$28,900.00|| |
|8/11/2014||Joseph Bertrand Tansey||CEO||Buy||99||$14.43||$1,428.57|| |
|7/17/2014||Steven Scott Stuart||Major Shareholder||Sell||2,000,000||$14.50||$29,000,000.00|| |
|6/5/2014||Brian S Chase||CFO||Buy||1,318||$14.62||$19,269.16|| |
|4/23/2014||Steven Scott Stuart||major shareholder||Sell||600,000||$14.00||$8,400,000.00|| |
|4/10/2014||Matthew Joseph Westwood||Director||Buy||4,000||$14.20||$56,800.00|| |
|4/7/2014||Brian Chase||CFO||Buy||4,000||$14.18||$56,720.00|| |
|12/11/2013||Joseph Bertrand Tansey||CEO||Buy||4,100||$14.33||$58,753.00|| |
|12/11/2013||Steven Scott Stuart||major shareholder||Buy||7,000||$14.78||$103,460.00|| |
|12/9/2013||Brian Chase||CFO||Buy||1,700||$14.43||$24,531.00|| |
|12/6/2013||Bruce Shewmaker||Director||Buy||1,000||$14.44||$14,440.00|| |
|12/6/2013||Joseph Bertrand Tansey||CEO||Buy||1,060||$14.51||$15,380.60|| |
|12/2/2013||Joseph Bertrand Tansey||CEO||Buy||2,065||$14.50||$29,942.50|| |
|11/27/2013||Brian Chase||CFO||Buy||2,000||$14.20||$28,400.00|| |
|4/2/2013||Cecil E Martin Jr||Director||Buy||3,000||$15.00||$45,000.00|| |
|4/2/2013||Joseph Bertrand Tansey||CEO||Buy||66,667||$15.00||$1,000,005.00|| |
Headline Trends for Garrison Capital (NASDAQ:GARS)
Latest Headlines for Garrison Capital (NASDAQ:GARS)
|Should You Get Rid of Garrison (GARS) Now?|
finance.yahoo.com - May 23 at 11:51 AM
|Garrison Capital Inc (GARS) Forecasted to Earn Q1 2018 Earnings of $0.22 Per Share|
www.americanbankingnews.com - May 22 at 7:30 AM
|Brian S. Chase Buys 2,010 Shares of Garrison Capital Inc (GARS) Stock|
www.americanbankingnews.com - May 19 at 8:52 PM
|Insider Buying: Garrison Capital Inc (GARS) CEO Acquires 9,000 Shares of Stock|
www.americanbankingnews.com - May 19 at 8:29 PM
|Insider Buying: Garrison Capital Inc (GARS) CFO Buys 6,000 Shares of Stock|
www.americanbankingnews.com - May 16 at 10:17 PM
|Insider Buying: Garrison Capital Inc (GARS) CEO Buys 16,700 Shares of Stock|
www.americanbankingnews.com - May 16 at 10:17 PM
|Garrison Capital Inc (GARS) Price Target Lowered to $10.00 at National Securities|
www.americanbankingnews.com - May 15 at 9:50 AM
|Garrison Capital Inc (GARS) Stock Rating Lowered by Citigroup Inc|
www.americanbankingnews.com - May 13 at 10:24 AM
|Garrison Capital Inc (GARS) Earns "Market Perform" Rating from CIBC|
www.americanbankingnews.com - May 12 at 2:18 PM
|Oppenheimer Holdings Inc. Reiterates "Market Perform" Rating for Garrison Capital Inc (GARS)|
www.americanbankingnews.com - May 12 at 10:24 AM
|Edited Transcript of GARS earnings conference call or presentation 11-May-17 2:00pm GMT|
finance.yahoo.com - May 11 at 11:03 PM
|Zacks Investment Research Lowers Garrison Capital Inc (GARS) to Sell|
www.americanbankingnews.com - May 11 at 10:52 PM
|Garrison Capital Inc (GARS) Announces Quarterly Dividend of $0.28|
www.americanbankingnews.com - May 11 at 8:00 PM
|Garrison Capital's (GARS) CEO Joe Tansey on Q1 2017 Results - Earnings Call Transcript|
seekingalpha.com - May 11 at 5:57 PM
|Garrison Capital Inc (GARS) Announces Earnings Results, Misses Expectations By $0.03 EPS|
www.americanbankingnews.com - May 11 at 2:20 PM
|Garrison Capital Inc (GARS) Given Buy Rating at Maxim Group|
www.americanbankingnews.com - May 11 at 1:42 PM
|Short Interest in Garrison Capital Inc (GARS) Grows By 4.2%|
www.americanbankingnews.com - May 11 at 9:06 AM
|Garrison Capital reports 1Q loss|
marketbeat.com - May 10 at 5:20 AM
|Garrison Capital Inc. Declares Second Quarter 2017 Distribution of $0.28 Per Share and Announces First Quarter 2017 Financial Results and Earnings Call|
finance.yahoo.com - May 9 at 5:13 PM
|Garrison Capital Inc (GARS) Given Average Rating of "Hold" by Brokerages|
www.americanbankingnews.com - May 5 at 7:00 PM
|Garrison Capital (GARS) Receiving Somewhat Favorable News Coverage, AlphaOne Reports|
www.americanbankingnews.com - May 4 at 1:20 AM
|$9.73 Million in Sales Expected for Garrison Capital Inc (GARS) This Quarter|
www.americanbankingnews.com - May 3 at 1:43 PM
|Zacks: Brokerages Anticipate Garrison Capital Inc (GARS) to Announce $0.31 Earnings Per Share|
www.americanbankingnews.com - May 1 at 7:44 PM
|Garrison Capital (GARS) Given Media Sentiment Rating of 0.24|
www.americanbankingnews.com - April 29 at 4:19 PM
|Garrison Capital Inc. Schedules Earnings Release for the First Quarter Ended March 31, 2017|
finance.yahoo.com - April 26 at 8:03 PM
|Positive Press Coverage Very Likely to Impact Garrison Capital (GARS) Share Price|
www.americanbankingnews.com - April 26 at 5:22 PM
|Somewhat Critical Press Coverage Somewhat Unlikely to Impact Garrison Capital (GARS) Stock Price|
www.americanbankingnews.com - April 14 at 3:28 PM
|Garrison Capital Inc (GARS) Expected to Announce Quarterly Sales of $9.73 Million|
www.americanbankingnews.com - April 12 at 12:08 PM
|Garrison Capital Inc (GARS) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - April 10 at 6:31 PM
|LPC: BDC sector splitting into 'haves' and 'have nots' - Reuters|
www.reuters.com - March 30 at 3:51 AM
|Garrison Capital Inc (GARS) Lowered to "Hold" at Wunderlich|
www.americanbankingnews.com - March 22 at 8:41 AM
|Garrison Capital Inc (GARS) Rating Lowered to Hold at Wunderlich|
www.americanbankingnews.com - March 16 at 10:21 PM
|Garrison Capital Inc (GARS) Receives Average Recommendation of “Hold” from Analysts|
www.americanbankingnews.com - March 15 at 11:36 AM
|GARRISON CAPITAL INC. Financials|
finance.yahoo.com - March 11 at 5:16 PM
|Edited Transcript of GARS earnings conference call or presentation 9-Mar-17 8:00pm GMT|
finance.yahoo.com - March 10 at 11:06 AM
|Garrison Capital Inc. Declares First Quarter 2017 Distribution of $0.28 Per Share and Announces Fourth Quarter and Fiscal Year Ended December 31, 2016 Financial Results and Earnings Call|
us.rd.yahoo.com - March 7 at 10:09 PM
|GARRISON CAPITAL INC. Files SEC form 8-K, Results of Operations and Financial Condition, Change in Directors or Princ|
us.rd.yahoo.com - March 7 at 10:09 PM
|Q4 2016 Garrison Capital Inc Earnings Release - After Market Close|
biz.yahoo.com - March 7 at 11:29 AM
|Garrison Capital Inc. Schedules Earnings Release for the Fourth Quarter and Fiscal Year Ended December 31, 2016|
finance.yahoo.com - February 14 at 6:29 PM
|KCAP, Canadian Imperial And Garrison Are Top Dogs Per Financial Sector February Analyst Gain Guesses|
seekingalpha.com - February 4 at 5:25 PM
|GARRISON CAPITAL INC. Files SEC form 8-K, Change in Directors or Principal Officers|
biz.yahoo.com - January 24 at 6:02 PM
|GARRISON CAPITAL INC. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Stand|
biz.yahoo.com - December 13 at 5:57 PM
|Garrison Capital Inc. (GARS) Ex-Dividend Date Scheduled for December 07, 2016 - Nasdaq|
www.nasdaq.com - December 7 at 10:43 AM
Garrison Capital (GARS) Chart for Thursday, May, 25, 2017