Garrison Capital Company Profile (NASDAQ:GARS)

Garrison Capital trades on the NASDAQ under the ticker symbol "GARS."

Garrison Capital declared 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 13.51%. The ex-dividend date is Wednesday, June 7th. View Garrison Capital's Dividend History.

Garrison Capital Inc (NASDAQ:GARS) posted its earnings results 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 firm had revenue of $8.99 million for the quarter, compared to analysts' expectations of $9.73 million. Garrison Capital had a negative return on equity of 8.20% and a negative net margin of 44.34%. View Garrison Capital's Earnings History.

8 equities research analysts have issued twelve-month target prices for Garrison Capital's shares. Their predictions range from $10.00 to $10.50. On average, they expect Garrison Capital's share price to reach $10.13 in the next twelve months. View Analyst Ratings for Garrison Capital.

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)

Some companies that are related to Garrison Capital include BlackRock (BLK), UBS AG (UBS), Bank Of New York Mellon Corporation (The) (BK), Brookfield Asset Management (BAM), State Street Corporation (STT), Franklin Resources (BEN), Northern Trust (NTRS), Ameriprise Financial Services (AMP), Affiliated Managers Group (AMG), 3i Group plc (III), Apollo Global Management, LLC (APO), Legg Mason (LM), Oaktree Capital Group, LLC (OAK), Intermediate Capital Group plc (ICP), Fortress Investment Group LLC (FIG), Waddell & Reed Financial (WDR), Noah Holdings (NOAH) and SVG Capital plc (SVI).

Garrison Capital's management team includes the folowing people:

• Joseph B. Tansey, Chairman of the Board, Chief Executive Officer
• Brian S Chase, Chief Financial Officer, Treasurer, interim Chief Compliance Officer, interim Secretary and Director
• Cecil E. Martin Jr., Independent Director
• Joseph L. Morea, Independent Director
• Matthew J. Westwood CPA, Independent Director

Garrison Capital's stock is owned by a variety of of retail and institutional investors. Top institutional investors 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.

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.

Garrison Capital's stock was acquired 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.

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.

One share of Garrison Capital stock can currently be purchased for approximately $8.29.