Analysts expect Garrison Capital Inc. (NASDAQ:GARS) to post $9.08 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Garrison Capital’s earnings. The highest sales estimate is $9.32 million and the lowest is $8.82 million. Garrison Capital posted sales of $11.14 million during the same quarter last year, which suggests a negative year over year growth rate of 18.5%. The company is scheduled to report its next earnings results after the market closes on Tuesday, August 8th.

On average, analysts expect that Garrison Capital will report full year sales of $9.08 million for the current financial year, with estimates ranging from $35.42 million to $37.01 million. For the next fiscal year, analysts anticipate that the business will post sales of $38.48 million per share, with estimates ranging from $37.60 million to $39.52 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Garrison Capital.

Garrison Capital (NASDAQ:GARS) last issued its quarterly earnings results on Tuesday, May 9th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by $0.03. Garrison Capital had a positive return on equity of 8.71% and a negative net margin of 14.93%. The business had revenue of $8.99 million for the quarter, compared to analysts’ expectations of $9.73 million.

A number of equities analysts recently commented on GARS shares. Maxim Group reaffirmed a “buy” rating and issued a $10.50 price objective on shares of Garrison Capital in a research note on Thursday, May 11th. Zacks Investment Research lowered shares of Garrison Capital from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th. Citigroup Inc. reaffirmed a “market perform” rating on shares of Garrison Capital in a research note on Friday, May 12th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Garrison Capital in a research note on Friday, May 12th. Finally, CIBC lowered shares of Garrison Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, May 12th. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Garrison Capital presently has an average rating of “Hold” and a consensus price target of $10.13.

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In other Garrison Capital news, CEO Joseph Bertrand Tansey purchased 16,700 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average price of $8.83 per share, for a total transaction of $147,461.00. Following the acquisition, the chief executive officer now owns 82,996 shares of the company’s stock, valued at $732,854.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian S. Chase purchased 6,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average price of $8.69 per share, for a total transaction of $52,140.00. Following the acquisition, the chief financial officer now directly owns 40,125 shares in the company, valued at approximately $348,686.25. The disclosure for this purchase can be found here. Insiders have acquired a total of 34,210 shares of company stock valued at $299,712 in the last three months. Company insiders own 5.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GARS. UBS Group AG increased its position in Garrison Capital by 20.3% in the first quarter. UBS Group AG now owns 442,062 shares of the investment management company’s stock worth $4,324,000 after buying an additional 74,540 shares in the last quarter. Blair William & Co. IL increased its position in Garrison Capital by 1.1% in the first quarter. Blair William & Co. IL now owns 70,650 shares of the investment management company’s stock worth $712,000 after buying an additional 750 shares in the last quarter. Baird Financial Group Inc. increased its position in Garrison Capital by 1.3% in the first quarter. Baird Financial Group Inc. now owns 53,650 shares of the investment management company’s stock worth $525,000 after buying an additional 700 shares in the last quarter. Ares Management LLC increased its position in Garrison Capital by 0.8% in the first quarter. Ares Management LLC now owns 309,244 shares of the investment management company’s stock worth $3,024,000 after buying an additional 2,500 shares in the last quarter. Finally, Stephens Inc. AR increased its position in Garrison Capital by 14.1% in the first quarter. Stephens Inc. AR now owns 21,607 shares of the investment management company’s stock worth $211,000 after buying an additional 2,673 shares in the last quarter. Institutional investors and hedge funds own 23.84% of the company’s stock.

Garrison Capital (GARS) opened at 7.95 on Monday. Garrison Capital has a 52 week low of $7.93 and a 52 week high of $10.98. The firm’s 50 day moving average price is $8.23 and its 200-day moving average price is $9.17.

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.

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Earnings History and Estimates for Garrison Capital (NASDAQ:GARS)

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