About Garrison Capital
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
- Exchange: NASDAQ
- Symbol: GARS
Companies Related to Garrison Capital:
- Previous Close: $9.86
- 50 Day Moving Average: $9.59
- 200 Day Moving Average: $9.76
- 52-Week Range: $8.75 - $12.60
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 8.11
- P/E Growth: 1.63
- Market Cap: $N/A
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, November 10th. Shareholders of record on Friday, December 9th will be given a dividend of $0.28 per share on Friday, December 23rd. This represents a $1.12 dividend on an annualized basis and a yield of 11.32%. The ex-dividend date of this dividend is Wednesday, December 7th.
Where is Garrison Capital's stock going? Where will Garrison Capital's stock price be in 2017?
7 brokerages have issued 1-year price targets for Garrison Capital's shares. Their forecasts range from $10.00 to $16.00. On average, they expect Garrison Capital's stock price to reach $12.50 in the next twelve months.
When will Garrison Capital announce their earnings?
Garrison Capital is scheduled to release their next quarterly earnings announcement on Tuesday, February, 28th 2017.
What are analysts saying about Garrison Capital stock?
Here are some recent quotes from research analysts about Garrison Capital stock:
National Securities analysts commented, "3Q16 Recap: Garrison Capital Inc. (GARS) reported adjusted NII/share of $0.29 versus consensus estimates of $0.37 and our estimate of $0.33. The company refinanced its securitization which caused $3.4 million of one-time expenses (which are added back to arrive at the $0.29/share of adjusted NII). The company realized a loss of $11.2 million pertaining to previous non-accrual BFN Operations and the only non-accrual remaining is Forest Park Medical Center at San Antonio which was marked down further during the quarter. Management commented on the earnings call that they had operationally split the underwriting and origination personnel and will focus on more sponsor originations going forward, as well as potentially larger size club deals. This would have the impact of lowering yield but would decrease the likelihood of default. We think earnings will likely be elevated in 4Q16 and 1Q17 purely as a function of the company not earning any incentive fee but thereafter we expect adjusted NII/share to decrease significantly from prior years. GARS lowered its base fee to 1.50% of gross assets from 1.75% previously and lowered the hurdles on its incentive fee. We are revising our 2016 adjusted NII/share estimate from $1.24 to $1.20 and our 2017 adjusted NII/share estimate from $1.42 to $1.21. Our $11 price target implies an estimated 2017 P/NII of 9.1x, dividend yield of 10.2%, and P/NAV of 0.85x compared to the BDC sector averages of 9.6x, 9.8%, and 0.87x, respectively. " (11/14/2016)
Cantor Fitzgerald analysts commented, "Book value declines 6.4%. Book value fell to $13.98 from $14.92 sequentially, driven by net realized/unrealized losses on investments of $17.1 million, or $1.04 per share, with the breakdown as follows: $13.7 million of negative credit related adjustments, $0.9 million decrease related to energy investments, $0.8 million (combined realized/unrealized) decrease related to consumer loans, and $1.7 million on the remaining portfolio related to spread-widening. Credit quality deterioration continues. The nonperforming loan ratio increased to 5.6% from 4.4% sequentially on a fair value basis, and increased to 10.1% from 5.6% on a cost basis." (3/3/2016)
Who owns Garrison Capital stock?
Garrison Capital's stock is owned by a number of of institutional and retail investors. Top institutional investors include Advisors Asset Management, Inc (4.78%), Two Sigma Investments LP (0.00%), Shelton Capital Management (0.00%), Baird Financial Group Inc. (0.00%) and Ladenburg Thalmann Financial Services Inc. (0.00%). Company insiders that own Garrison Capital stock include Brian S Chase, Bruce W Shewmaker, Joseph Bertrand Tansey, Joseph Morea, Matthew Joseph Westwood, Michelle Rancic, Rafael Astruc and Steven Scott Stuart.
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 Ladenburg Thalmann Financial Services Inc. and Baird Financial Group Inc..
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 Shelton Capital Management and Two Sigma Investments LP. 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, Michelle Rancic and Rafael Astruc.
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 $9.89.