Garrison Capital Company Profile (NASDAQ:GARS)

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

Garrison Capital announced a quarterly dividend on Wednesday, August 9th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.28 per share on Friday, September 22nd. This represents a $1.12 annualized dividend and a dividend yield of 13.35%. The ex-dividend date is Thursday, September 7th. View Garrison Capital's Dividend History.

Garrison Capital Inc. (NASDAQ:GARS) issued its quarterly earnings results on Tuesday, August, 8th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.02. The firm earned $9.03 million during the quarter, compared to analyst estimates of $9.08 million. Garrison Capital had a positive return on equity of 8.33% and a negative net margin of 0.38%. View Garrison Capital's Earnings History.

Garrison Capital is scheduled to release their next quarterly earnings announcement on Wednesday, November, 8th 2017. View Earnings Estimates for Garrison Capital.

6 equities research analysts have issued 12-month price targets for Garrison Capital's stock. Their forecasts range from $10.00 to $10.50. On average, they anticipate Garrison Capital's stock price to reach $10.17 in the next twelve months. View Analyst Ratings for Garrison Capital.

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. " (8/16/2017)
• 2. National Securities analysts commented, "• Non-accruals at cost increased to $36.2 million or 9.5% of the portfolio from $31.2 million or 8.3% of the portfolio linked Q/Q. Rooster Energy was placed on non-accrual with a cost of $5.0 million, Walnut Hill and Badlands were written-down further as well. This lead to a 1.3% Q/Q decline in NAV/share to $11.75, generating an economic return (annualized) of only 4.3%.
  • We think Garrison’s focus on the UMM and unwillingness to do repurchases will get the stock a lower valuation. Aside from the lower yields that come with the UMM loans, Garrison is purchasing a significant amount of lightly syndicated and club deals in this segment of the market. The more a BDC tends to purchase assets as opposed to directly originate them, the lower the valuation of said BDC becomes. Additionally, with the stock at a 31% NAV discount and current dividend yield of 13.9%, we fail to see how management can justify doing more of these purchases as opposed to allowing repayments to free up cash and complete substantial repurchases. While we respect management, we cannot fathom why they are doing what they are doing here.
  • We are revising our 2017 adjusted NII/share estimate to $1.11 from $1.10 and our 2018 adjusted NII/share estimate to $1.01 from $1.09. " (8/14/2017)
• 3. 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 Safeguard Scientifics (SFE), River and Mercantile Group PLC (RIV), Mattioli Woods plc (MTW), IFG Group PLC (IFP), Ashford (AINC), Sigma Capital Group Plc (SGM), Tavistock Investments PLC (TAVI), American Capital (ACAS), Janus Capital Group (JNS), Janus Henderson Group PLC (HGG) and Sole Realisation Company 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 number of of retail and institutional investors. Top institutional investors include DRW Securities LLC (0.00%), Advisors Asset Management Inc. (0.00%), Ares Management LLC (0.00%), AJO LP (0.00%), Caxton Corp (0.00%) and Blair William & Co. IL (0.00%). Company insiders that own Garrison Capital stock include Brian S Chase, Bruce W Shewmaker, Cecil E Martin Jr, 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., DRW Securities LLC, Alliancebernstein L.P., B. Riley Financial Inc., Blair William & Co. IL and Janney Montgomery Scott LLC. View Insider Buying and Selling for Garrison Capital.

Garrison Capital's stock was purchased by a variety of institutional investors in the last quarter, including AJO LP, Dynamic Technology Lab Private Ltd, Goldman Sachs Group Inc., Oppenheimer & Co. Inc., Alpine Woods Capital Investors LLC, Stephens Inc. AR and Caxton Corp. Company insiders that have bought Garrison Capital stock in the last two years include Brian S Chase, Bruce W Shewmaker, Cecil E Martin Jr, 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 $8.39.