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. The fund focuses on consumer loans, capital market activities, traditional direct lending but at times may purchase loans in the secondary market or make special situation investments. It seeks to invest between $5 million and $25 million in equity and between $10 million and $25 million in debt per transaction primarily in debt securities and loans with annual EBITDA between $5 million and $30 million, annual revenue between $50 million and $200 million. Its investments typically range in maturity from one to six years.
Industry, Sector and Symbol
Industry Investors, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Phone212-372-9590
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$38.78 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/14/2019 (Estimated)
OptionableOptionable
Garrison Capital (NASDAQ:GARS) Frequently Asked Questions
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 declared a quarterly dividend on Tuesday, March 5th. Stockholders of record on Friday, March 22nd will be given a dividend of $0.23 per share on Friday, March 29th. This represents a $0.92 annualized dividend and a dividend yield of 12.69%. The ex-dividend date of this dividend is Thursday, March 21st. View Garrison Capital's Dividend History.
How were Garrison Capital's earnings last quarter?
Garrison Capital Inc (NASDAQ:GARS) issued its quarterly earnings results on Tuesday, November, 6th. The investment management company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.28 by $0.05. The investment management company had revenue of $9.31 million for the quarter, compared to analysts' expectations of $9.78 million. Garrison Capital had a negative net margin of 4.06% and a positive return on equity of 9.02%. View Garrison Capital's Earnings History.
When is Garrison Capital's next earnings date?
What price target have analysts set for GARS?
2 brokerages have issued 12 month price objectives for Garrison Capital's stock. Their forecasts range from $10.00 to $12.00. On average, they anticipate Garrison Capital's share price to reach $11.00 in the next year. This suggests a possible upside of 51.7% from the stock's current price. View Analyst Price Targets for Garrison Capital.
What is the consensus analysts' recommendation for Garrison Capital?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garrison Capital in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Garrison Capital.
What are Wall Street analysts saying about Garrison Capital stock?
Here are some recent quotes from research analysts about Garrison Capital stock:
- 1. According to Zacks Investment Research, "Garrison Capital Inc. is an externally 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 investments include debt investments, preferred and minority equity investments (equity) of diversified companies and a portfolio of unsecured small balance consumer loans. " (3/11/2019)
- 2. National Securities analysts commented, "▪ Garrison posted adjusted NII/share of $0.20 versus our estimate (and the quarterly dividend) of $0.23. We note that the CLO was issued early in the quarter while most of the loans closed in December. Thus, we expect more of a pull through from interest income in 1Q19 from the robust originations of $113.0mm during the quarter.
▪ Garrison had unrealized depreciation from wider spreads of about $5.4mm pertaining to the syndicated loan portfolio. In addition to the technical marks, Profusion was written down by $451K Q/Q, Confluence Outdoor by $1.5mm, and Cochon MWS (f.ka. Rooster Energy) by $671K.
▪ We think that roughly half of the technical depreciation has likely been regained QTD as loan prices have rallied thus far in 2019. Cochon was also likely written down due to oil prices declining materially during 4Q18 but thus far in the 3/31/19 quarter they have recovered partially. Profusion, the only non-accrual, was exited at 12/31/18 marks during 1Q19. Confluence outdoor remains a legacy investment that we think has a risk of falling further.
▪ GARS’ regulatory D/E finished 2018 at 1.49x, up from 1.04x Q/Q. We think the company will deployed the remaining $42.0mm from the CLO revolving note and $10.0mm of SBA debentures through the next two years to generate steady but measured portfolio growth.
▪ We are revising our 2019 adjusted NII/share estimate to $0.89 from $1.04 and are rolling out our 2020 adjusted NII/share estimate of $0.96." (3/11/2019)
- 3. Maxim Group analysts commented, "GARS reported 2Q18 EPS of $0.18 versus its dividend of $0.28, so NAV was down 0.9%, to $11.44. We are maintaining our 2018 dividend estimate of $1.12, representing a yield of 13.3%, covered by earnings in the remaining two quarters of 2018. Earnings should be helped by the 4Q18 refinancing of GARS’ CLO. As GARS has now resolved most of its legacy problem loans, we are now valuing it closer to peers that have not encountered difficulties. Our price target of $11 equates to 0.96x NAV, a discount to the 1.0x NAV level at which we believe well-performing BDCs should trade in the current environment." (8/9/2018)
Has Garrison Capital been receiving favorable news coverage?
News headlines about GARS stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Garrison Capital earned a coverage optimism score of 1.3 on InfoTrie's scale. They also assigned news articles about the investment management company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the stock's share price in the next several days.
Who are some of Garrison Capital's key competitors?
Some companies that are related to Garrison Capital include PennantPark Investment (PNNT), Gladstone Investment (GAIN), Capital Southwest (CSWC), Triplepoint Venture Growth BDC (TPVG), Arlington Asset Investment (AI), Oaktree Strategic Income (OCSI), Stellus Capital Investment (SCM), Safeguard Scientifics (SFE), THL Credit (TCRD), OFS Capital (OFS), KCAP Financial (KCAP), Capitala Finance (CPTA), CM Finance (CMFN), Firsthand Technology Value Fund (SVVC) and Elron Electronic Industries (ELRNF).
What other stocks do shareholders of Garrison Capital own?
Who are Garrison Capital's key executives?
Garrison Capital's management team includes the folowing people:
- Mr. Joseph B. Tansey, Chairman & CEO (Age 46)
- Mr. Brian Steven Chase, COO & Director (Age 41)
- Mr. Daniel Hahn, CFO & Treasurer
- Ms. Michelle Rancic, Chief Accounting Officer (Age 40)
Who are Garrison Capital's major shareholders?
Garrison Capital's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Advisors Asset Management Inc. (1.77%), Stilwell Value LLC (0.70%), Clear Harbor Asset Management LLC (0.57%), Acadian Asset Management LLC (0.56%), Two Sigma Investments LP (0.29%) and Two Sigma Advisers LP (0.23%). Company insiders that own Garrison Capital stock include Brian S Chase, Cecil E Martin Jr, Daniel Hahn, Joseph Bertrand Tansey, Joseph Morea and Matthew Joseph Westwood. View Institutional Ownership Trends for Garrison Capital.
Which institutional investors are selling Garrison Capital stock?
GARS stock was sold by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., Nuveen Fund Advisors LLC, Connor Clark & Lunn Investment Management Ltd., Two Sigma Advisers LP and Two Sigma Investments LP. View Insider Buying and Selling for Garrison Capital.
Which institutional investors are buying Garrison Capital stock?
GARS stock was acquired by a variety of institutional investors in the last quarter, including Stilwell Value LLC, Acadian Asset Management LLC, Squarepoint Ops LLC, Stephens Inc. AR, Oppenheimer & Co. Inc., National Asset Management Inc. and Clear Harbor Asset Management LLC. Company insiders that have bought Garrison Capital stock in the last two years include Brian S Chase, Cecil E Martin Jr, Daniel Hahn, Joseph Bertrand Tansey, Joseph Morea and Matthew Joseph Westwood. View Insider Buying and Selling for Garrison Capital.
How do I buy shares of Garrison Capital?
Shares of GARS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Garrison Capital's stock price today?
One share of GARS stock can currently be purchased for approximately $7.25.
How big of a company is Garrison Capital?
Garrison Capital has a market capitalization of $116.36 million and generates $38.78 million in revenue each year. The investment management company earns $-1,570,000.00 in net income (profit) each year or $1.01 on an earnings per share basis.
What is Garrison Capital's official website?
How can I contact Garrison Capital?
Garrison Capital's mailing address is 1290 AVENUE OF THE AMERICAS SUITE 914, NEW YORK NY, 10104. The investment management company can be reached via phone at 212-372-9590.
MarketBeat Community Rating for Garrison Capital (NASDAQ GARS)
MarketBeat's community ratings are surveys of what our community members think about Garrison Capital and other stocks. Vote "Outperform" if you believe GARS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GARS will underperform the S&P 500 over the long term. You may vote once every thirty days.
