Wall Street brokerages expect Garrison Capital Inc (NASDAQ:GARS) to post $8.98 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Garrison Capital’s earnings, with the lowest sales estimate coming in at $8.95 million and the highest estimate coming in at $9.00 million. Garrison Capital reported sales of $9.65 million in the same quarter last year, which indicates a negative year-over-year growth rate of 6.9%. The business is scheduled to issue its next earnings report on Tuesday, March 6th.
According to Zacks, analysts expect that Garrison Capital will report full year sales of $8.98 million for the current year, with estimates ranging from $35.88 million to $35.93 million. For the next year, analysts forecast that the company will report sales of $37.68 million per share, with estimates ranging from $36.58 million to $38.40 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Garrison Capital.
Garrison Capital (NASDAQ:GARS) last posted its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.02). Garrison Capital had a return on equity of 9.33% and a net margin of 14.66%. The company had revenue of $8.90 million during the quarter.
Garrison Capital (NASDAQ GARS) opened at $8.22 on Thursday. Garrison Capital has a 12-month low of $7.77 and a 12-month high of $10.15. The company has a debt-to-equity ratio of 1.07, a current ratio of 10.29 and a quick ratio of 10.29. The stock has a market capitalization of $131.93, a price-to-earnings ratio of 24.91 and a beta of 0.24.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.12 annualized dividend and a yield of 13.63%. Garrison Capital’s dividend payout ratio is presently 339.39%.
In other news, CEO Joseph Bertrand Tansey purchased 4,500 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were bought at an average cost of $8.45 per share, for a total transaction of $38,025.00. Following the completion of the acquisition, the chief executive officer now directly owns 133,196 shares in the company, valued at approximately $1,125,506.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian S. Chase purchased 7,000 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was purchased at an average price of $8.17 per share, for a total transaction of $57,190.00. Following the completion of the acquisition, the chief financial officer now owns 59,135 shares of the company’s stock, valued at $483,132.95. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 40,602 shares of company stock worth $337,332. Corporate insiders own 5.80% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new stake in shares of Garrison Capital in the second quarter valued at about $129,000. OxFORD Asset Management LLP lifted its holdings in shares of Garrison Capital by 56.1% in the third quarter. OxFORD Asset Management LLP now owns 17,586 shares of the investment management company’s stock valued at $148,000 after purchasing an additional 6,321 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Garrison Capital in the second quarter valued at about $178,000. Stephens Inc. AR lifted its holdings in shares of Garrison Capital by 40.1% in the second quarter. Stephens Inc. AR now owns 30,274 shares of the investment management company’s stock valued at $250,000 after purchasing an additional 8,667 shares in the last quarter. Finally, Caxton Corp lifted its holdings in shares of Garrison Capital by 4.0% in the second quarter. Caxton Corp now owns 68,702 shares of the investment management company’s stock valued at $567,000 after purchasing an additional 2,629 shares in the last quarter. Institutional investors own 24.22% of the company’s stock.
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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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