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 Date8/6/2019 (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 Wednesday, May 8th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.23 per share on Friday, June 21st. This represents a $0.92 annualized dividend and a yield of 13.35%. The ex-dividend date of this dividend is Thursday, June 6th. View Garrison Capital's Dividend History.
How were Garrison Capital's earnings last quarter?
Garrison Capital Inc (NASDAQ:GARS) posted its quarterly earnings results on Tuesday, May, 7th. The investment management company reported $0.20 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.21 by $0.01. The investment management company had revenue of $10.23 million for the quarter, compared to analysts' expectations of $10.75 million. Garrison Capital had a negative net margin of 3.06% and a positive return on equity of 8.29%. View Garrison Capital's Earnings History.
When is Garrison Capital's next earnings date?
What price target have analysts set for GARS?
2 equities research analysts have issued 12 month price objectives for Garrison Capital's shares. Their predictions range from $8.00 to $12.00. On average, they expect Garrison Capital's stock price to reach $10.00 in the next year. This suggests a possible upside of 45.1% 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 1 hold rating and 1 buy rating 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. National Securities analysts commented, "▪ GARS earned adjusted NII/share of $0.20 for 1Q19, a penny short of our estimate but also short of the $0.23/share quarterly dividend. Given what we expect will be continued pressure on asset quality and marks, we think this will further constrain portfolio growth and thus NII.
▪ Garrison’s previous non-accrual, Profusion, was restructured at prior quarter marks (25% of cost) but Emtec and Confluence were added. This served to bring non-accruals at cost up to $17.0mm or 3.5% of the portfolio from $9.2m or 2.0% of the portfolio the prior quarter.
▪ Non-accruals in total are marked at 80% of cost, which we find to be generous, and we expect further write-downs on these assets as well. Cochon was marked down further to 41% of cost from 44% of cost Q/Q and we cannot fathom how an asset marked at 41% of cost can stay on accrual status. We think there are other shoes to drop.
▪ GARS has a regulatory D/E target of 1.75x and ended 1Q19 at 1.70x. We think negative marks will push NAV/share down to $9.75 in 4Q19 from $10.44 in 1Q19 and as a result constrain portfolio growth, with D/E already redlining. This really puts GARS against the wall, as we see it, and we do not expect NII to cover the dividend.
▪ GARS would rather undertake low-yielding BSL and club deals instead of repurchasing shares which is not prudent capital management and is not in the best interest of shareholders, as we see it, with the latter providing superior ROIC.
▪ We are revising our 2019 adjusted NII/share estimate to $0.86 from $0.89 and our 2020 adjusted NII/share estimate to $0.87 from $0.96." (5/14/2019)
- 2. 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)
Has Garrison Capital been receiving favorable news coverage?
News headlines about GARS stock have trended positive on Friday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Garrison Capital earned a media sentiment score of 2.3 on InfoTrie's scale. They also gave media stories about the investment management company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near future.
Who are some of Garrison Capital's key competitors?
Some companies that are related to Garrison Capital include Capital Southwest (CSWC), Gladstone Investment (GAIN), Triplepoint Venture Growth BDC (TPVG), Stellus Capital Investment (SCM), Oaktree Strategic Income (OCSI), Safeguard Scientifics (SFE), Arlington Asset Investment (AI), THL Credit (TCRD), OFS Capital (OFS), Capitala Finance (CPTA), CM Finance (CMFN), Portman Ridge Finance (PTMN), KCAP Financial (KCAP), Firsthand Technology Value Fund (SVVC) and 180 Degree Capital (TURN).
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
Who are Garrison Capital's major shareholders?
Garrison Capital's stock is owned by many different of retail and institutional investors. Top institutional investors include Rivernorth Capital Management LLC (7.41%), Advisors Asset Management Inc. (1.70%), Acadian Asset Management LLC (0.49%), Morgan Stanley (0.44%), Oppenheimer & Co. Inc. (0.29%) and Stephens Inc. AR (0.16%). 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 major investors are selling Garrison Capital stock?
GARS stock was sold by a variety of institutional investors in the last quarter, including Rivernorth Capital Management LLC, Acadian Asset Management LLC, Advisors Asset Management Inc., Janney Montgomery Scott LLC and Stephens Inc. AR. View Insider Buying and Selling for Garrison Capital.
Which major investors are buying Garrison Capital stock?
GARS stock was acquired by a variety of institutional investors in the last quarter, including Oppenheimer & Co. Inc., Wells Fargo & Company MN, JPMorgan Chase & Co. and Morgan Stanley. 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 $6.89.
How big of a company is Garrison Capital?
Garrison Capital has a market capitalization of $110.58 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.
