About Garrison Capital (NASDAQ:GARS)
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
Industry Investors, not elsewhere classified
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:GARS
CUSIPN/A
Phone212-372-9590
Debt
Debt-to-Equity Ratio1.24%
Current Ratio6.89%
Quick Ratio6.89%
Price-To-Earnings
Trailing P/E Ratio7.78
Forward P/E Ratio7.68
P/E GrowthN/A
Sales & Book Value
Annual Sales$36.62 million
Price / Sales3.60
Cash Flow$1.0012 per share
Price / Cash8.21
Book Value$11.69 per share
Price / Book0.70
Profitability
EPS (Most Recent Fiscal Year)$1.07
Net Income$6.22 million
Net Margins17.00%
Return on Equity9.12%
Return on Assets4.27%
Miscellaneous
Employees71
Outstanding Shares16,050,000
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 announced a quarterly dividend on Wednesday, February 28th. Shareholders of record on Friday, March 23rd will be paid a dividend of $0.28 per share on Thursday, March 29th. This represents a $1.12 annualized dividend and a yield of 13.63%. The ex-dividend date of this dividend is Thursday, March 22nd. View Garrison Capital's Dividend History.
How were Garrison Capital's earnings last quarter?
Garrison Capital Inc (NASDAQ:GARS) issued its earnings results on Tuesday, March, 6th. The investment management company reported $0.27 EPS for the quarter, meeting analysts' consensus estimates of $0.27. The investment management company earned $9.69 million during the quarter, compared to analyst estimates of $8.98 million. Garrison Capital had a return on equity of 9.12% and a net margin of 17.00%. View Garrison Capital's Earnings History.
When is Garrison Capital's next earnings date?
What price target have analysts set for GARS?
5 Wall Street analysts have issued 1 year target prices for Garrison Capital's shares. Their predictions range from $10.00 to $11.00. On average, they anticipate Garrison Capital's stock price to reach $10.50 in the next year. 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. " (3/13/2018)
- 2. Maxim Group analysts commented, "GARS reported 4Q17 EPS of $0.23 (including $0.03 of non-recurring expenses) versus its dividend of $0.28, so NAV was stable (down 0.4%, to $11.69). We are maintaining our 2018 dividend estimate of $1.12, covered by earnings. 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 0.94x NAV, a modest discount to the 1.0x NAV level at which we believe well-performing BDCs should trade in the current environment." (3/9/2018)
- 3. National Securities analysts commented, "• Garrison posted adjusted NII/share of $0.27 for 4Q17, meeting our expectations and consensus estimates. We note that the quarter was negatively impacted by $0.03/share pertaining to legal expenses for cleaning up 4/5 problem assets. Absent this cost, the $0.28/share quarterly dividend would have been exceeded.
• In 3Q18, we expect the incentive fee to be earned again and as a result we think that GARS will be forced to reduce the quarterly dividend to $0.23/share. Although from 3Q18 – 4Q19 we model NII/share to range from $0.25/share - $0.27/share we expect the company to set the dividend at a more conservative level to ensure further cuts are not needed in the foreseeable future in the event spreads compress further, although we do not expect that to be the case for the broader market.
• Non-accruals at cost decreased to $5.0 million of 1.3% of the portfolio from $36.1 million or 9.4% of the portfolio Q/Q. The only remaining non-accrual is Rooster Energy which is marked at 82% of cost and has been marked there since 6/30/17. The company feels comfortable in the third-party marks on this and management notes that they are first lien debt investors with no debt ahead of them.
• As a result of the continued larger borrower focus via purchased and club deals as well roughly 90% of the portfolio being sponsored investments, we think that NAV/share has upside from here.
• As a result of the substantially improved operational performance and GARS cleaning up its credit issues, we are upgrading shares to BUY from NEUTRAL but maintaining our $10 price target as we expect the company to still remain discounted to NAV/share by a decent margin until it demonstrates a longer track record of stable NAV and no new credit issues. We are revising our 2018 NII/share estimate to $1.11 from $0.98 and are rolling out our 2019 adjusted NII/share estimate of $1.03. The reason for the Y/Y decline in adjusted NII/share is entirely due to our expectations for the incentive fee being earned for the full year for 2019 while only in 2H18." (3/9/2018)
Who are some of Garrison Capital's key competitors?
Who are Garrison Capital's key executives?
Garrison Capital's management team includes the folowing people:
- Joseph B. Tansey, Chairman of the Board, Chief Executive Officer (Age 42)
- Brian S Chase, Chief Financial Officer, Treasurer, interim Chief Compliance Officer, interim Secretary and Director (Age 39)
- Cecil E. Martin Jr., Independent Director (Age 75)
- Joseph L. Morea, Independent Director (Age 62)
- Matthew J. Westwood CPA, Independent Director (Age 44)
Has Garrison Capital been receiving favorable news coverage?
News articles about GARS stock have trended somewhat positive on Friday, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Garrison Capital earned a news sentiment score of 0.12 on Accern's scale. They also gave news articles about the investment management company an impact score of 45.41 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
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 $8.22.
How big of a company is Garrison Capital?
Garrison Capital has a market capitalization of $134.25 million and generates $36.62 million in revenue each year. The investment management company earns $6.22 million in net income (profit) each year or $1.07 on an earnings per share basis. Garrison Capital employs 71 workers across the globe.
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 (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.
Garrison Capital (NASDAQ:GARS) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Garrison Capital in the last 12 months. Their average twelve-month price target is $10.50, suggesting that the stock has a possible upside of 27.74%. The high price target for GARS is $11.00 and the low price target for GARS is $10.00. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.40 | 2.40 | 2.17 | 2.17 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $10.50 | $10.50 | $10.3333 | $10.1667 |
| Price Target Upside: | 27.74% upside | 29.15% upside | 23.16% upside | 26.29% upside |
Garrison Capital (NASDAQ:GARS) Consensus Price Target History
Garrison Capital (NASDAQ:GARS) Analyst Ratings History
Show:
(Data available from 4/20/2016 forward)
Garrison Capital (NASDAQ:GARS) Dividend Information
Garrison Capital pays an annual dividend of $1.12 per share, with a dividend yield of 13.63%. GARS's most recent quarterly dividend payment was Thursday, March 29. Garrison Capital pays out 104.67% of its earnings out as a dividend.
| Most Recent Dividend: | 3/29/2018 |
| Annual Dividend: | $1.12 |
| Dividend Yield: | 13.63% |
| Payout Ratio: | 104.67% (Trailing 12 Months of Earnings)
104.67% (Based on This Year's Estimates)
108.74% (Based on Next Year's Estimates)
|
Garrison Capital (NASDAQ:GARS) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/28/2018 | Quarterly | $0.28 | 13.78% | 3/22/2018 | 3/23/2018 | 3/29/2018 |
| 11/9/2017 | quarterly | $0.28 | 13.35% | 12/7/2017 | 12/8/2017 | 12/22/2017 |
| 8/9/2017 | quarterly | $0.28 | 13.71% | 9/7/2017 | 9/8/2017 | 9/22/2017 |
| 5/11/2017 | quarterly | $0.28 | 12.32% | 6/7/2017 | 6/9/2017 | 6/23/2017 |
| 3/8/2017 | quarterly | $0.28 | 11.35% | 3/21/2017 | 3/23/2017 | 3/30/2017 |
| 11/10/2016 | quarterly | $0.28 | 12.17% | 12/7/2016 | 12/9/2016 | 12/23/2016 |
| 8/10/2016 | quarterly | $0.35 | 13.61% | 9/7/2016 | 9/9/2016 | 9/23/2016 |
| 5/10/2016 | quarterly | $0.35 | 13.75% | 6/8/2016 | 6/10/2016 | 6/24/2016 |
| 3/2/2016 | quarterly | $0.35 | 12.31% | 3/4/2016 | 3/8/2016 | 3/28/2016 |
| 11/5/2015 | quarterly | $0.35 | 10.07% | 12/9/2015 | 12/11/2015 | 12/28/2015 |
| 8/5/2015 | quarterly | $0.35 | 9.48% | 9/8/2015 | 9/10/2015 | 9/25/2015 |
| 5/6/2015 | quarterly | $0.35 | 9.36% | 6/10/2015 | 6/12/2015 | 6/26/2015 |
| 3/4/2015 | quarterly | $0.35 | 9.21% | 3/10/2015 | 3/12/2015 | 3/27/2015 |
| 11/6/2014 | quarterly | $0.35 | 9.36% | 12/10/2014 | 12/12/2014 | 12/29/2014 |
| 8/12/2014 | quarterly | $0.35 | 9.68% | 9/10/2014 | 9/12/2014 | 9/26/2014 |
| 5/9/2014 | quarterly | $0.35 | 9.83% | 6/11/2014 | 6/13/2014 | 6/27/2014 |
| 3/12/2014 | quarterly | $0.35 | 9.52% | 3/19/2014 | 3/21/2014 | 3/28/2014 |
| 11/7/2013 | quarterly | $0.35 | 9.74% | 12/11/2013 | 12/13/2013 | 12/27/2013 |
| 8/8/2013 | quarterly | $0.35 | 9.39% | 9/10/2013 | 9/12/2013 | 9/26/2013 |
| 5/14/2013 | special | $0.35 | | 6/11/2013 | 6/13/2013 | 6/27/2013 |
| 5/13/2013 | quarterly | $0.35 | | | 6/13/2013 | 6/27/2013 |
(Data available from 1/1/2013 forward)
Garrison Capital (NASDAQ GARS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.80%
Institutional Ownership Percentage: 25.40%
Garrison Capital (NASDAQ GARS) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/8/2017 | Brian S Chase | CFO | Buy | 7,000 | $8.17 | $57,190.00 | 59,135 |  |
| 12/8/2017 | Joseph Bertrand Tansey | CEO | Buy | 7,300 | $8.33 | $60,809.00 | 133,196 | |
| 12/6/2017 | Joseph Bertrand Tansey | CEO | Buy | 4,500 | $8.45 | $38,025.00 | 133,196 | |
| 12/1/2017 | Joseph Bertrand Tansey | CEO | Buy | 9,900 | $8.42 | $83,358.00 | 123,696 | |
| 11/21/2017 | Joseph Bertrand Tansey | CEO | Buy | 7,902 | $8.27 | $65,349.54 | 103,796 | |
| 11/17/2017 | Brian S Chase | CFO | Buy | 4,000 | $8.15 | $32,600.00 | 50,135 | |
| 9/13/2017 | Cecil E Martin Jr | Director | Buy | 3,000 | $8.23 | $24,690.00 | 4,500 | |
| 8/14/2017 | Joseph Morea | Director | Buy | 1,000 | $8.22 | $8,220.00 | 4,500 | |
| 8/11/2017 | Brian S Chase | CFO | Buy | 4,000 | $8.07 | $32,280.00 | 46,135 | |
| 5/19/2017 | Brian S Chase | CFO | Buy | 2,010 | $8.60 | $17,286.00 | 42,325 | |
| 5/17/2017 | Joseph Bertrand Tansey | CEO | Buy | 9,000 | $8.70 | $78,300.00 | 103,696 | |
| 5/16/2017 | Brian S Chase | CFO | Buy | 6,000 | $8.69 | $52,140.00 | 40,125 | |
| 5/16/2017 | Joseph Bertrand Tansey | CEO | Buy | 16,700 | $8.83 | $147,461.00 | 82,996 | |
| 5/15/2017 | Joseph Morea | Director | Buy | 500 | $9.05 | $4,525.00 | 3,100 | |
| 3/13/2017 | Brian S Chase | CFO | Buy | 5,000 | $9.82 | $49,100.00 | 36,125 | |
| 3/13/2017 | Joseph Morea | Director | Buy | 1,000 | $9.85 | $9,850.00 | 3,000 | |
| 11/28/2016 | Joseph Morea | Director | Buy | 500 | $9.37 | $4,685.00 | 2,000 | |
| 11/16/2016 | Brian S Chase | CFO | Buy | 1,000 | $8.96 | $8,960.00 | 31,125 | |
| 11/15/2016 | Brian S Chase | CFO | Buy | 4,411 | $8.95 | $39,478.45 | 28,725 | |
| 11/14/2016 | Brian S Chase | CFO | Buy | 3,011 | $9.00 | $27,099.00 | 28,725 | |
| 6/9/2016 | Matthew Joseph Westwood | Director | Buy | 2,000 | $10.17 | $20,340.00 | 14,032 | |
| 6/7/2016 | Joseph Bertrand Tansey | CEO | Buy | 10,000 | $10.47 | $104,700.00 | 77,996 | |
| 5/19/2016 | Bruce W Shewmaker | Director | Buy | 1,000 | $10.01 | $10,010.00 | 15,300 | |
| 5/18/2016 | Rafael Astruc | Director | Buy | 2,500 | $10.15 | $25,375.00 | 469 | |
| 3/21/2016 | Bruce W Shewmaker | Director | Buy | 1,500 | $10.29 | $15,435.00 | 14,300 | |
| 3/21/2016 | Joseph Bertrand Tansey | CEO | Buy | 329 | $10.26 | $3,375.54 | 67,996 | |
| 3/18/2016 | Joseph Bertrand Tansey | CEO | Buy | 4,000 | $10.31 | $41,240.00 | 67,667 | |
| 3/17/2016 | Joseph Bertrand Tansey | CEO | Buy | 16,001 | $10.24 | $163,850.24 | 49,666 | |
| 3/9/2016 | Brian S Chase | CFO | Buy | 8,100 | $10.04 | $81,324.00 | 24,714 | |
| 3/9/2016 | Joseph Bertrand Tansey | CEO | Buy | 6,795 | $9.90 | $67,270.50 | 43,666 | |
| 3/9/2016 | Joseph Morea | Director | Buy | 500 | $9.92 | $4,960.00 | 1,000 | |
| 3/8/2016 | Brian S Chase | CFO | Buy | 1,600 | $9.98 | $15,968.00 | 24,714 | |
| 3/8/2016 | Bruce W Shewmaker | Director | Buy | 2,000 | $10.10 | $20,200.00 | 12,800 | |
| 3/7/2016 | Brian S Chase | CFO | Buy | 5,000 | $10.10 | $50,500.00 | 24,714 | |
| 11/16/2015 | Bruce W. Shewmaker | Director | Buy | 1,000 | $13.45 | $13,450.00 | 10,800 | |
| 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 | 7,000 | |
| 4/10/2014 | Matthew Joseph Westwood | Director | Buy | 4,000 | $14.20 | $56,800.00 | 7,300 | |
| 4/7/2014 | Brian Chase | CFO | Buy | 4,000 | $14.18 | $56,720.00 | 10,700 | |
| 12/11/2013 | Joseph Bertrand Tansey | CEO | Buy | 4,100 | $14.33 | $58,753.00 | 7,225 | |
| 12/11/2013 | Steven Scott Stuart | major shareholder | Buy | 7,000 | $14.78 | $103,460.00 | 7,000 | |
| 12/9/2013 | Brian Chase | CFO | Buy | 1,700 | $14.43 | $24,531.00 | 6,700 | |
| 12/6/2013 | Bruce Shewmaker | Director | Buy | 1,000 | $14.44 | $14,440.00 | 4,500 | |
| 12/6/2013 | Joseph Bertrand Tansey | CEO | Buy | 1,060 | $14.51 | $15,380.60 | 3,125 | |
| 12/2/2013 | Joseph Bertrand Tansey | CEO | Buy | 2,065 | $14.50 | $29,942.50 | 2,065 | |
| 11/27/2013 | Brian Chase | CFO | Buy | 2,000 | $14.20 | $28,400.00 | 5,000 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Garrison Capital (NASDAQ GARS) News Headlines
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Garrison Capital (NASDAQ:GARS) SEC Filings
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Garrison Capital (NASDAQ:GARS) Income Statement, Balance Sheet and Cash Flow Statement
Garrison Capital (NASDAQ GARS) Stock Chart for Friday, April, 20, 2018
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