Equities research analysts forecast that Garrison Capital Inc (NASDAQ:GARS) will post sales of $8.98 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Garrison Capital’s earnings. The lowest sales estimate is $8.95 million and the highest is $9.00 million. Garrison Capital reported sales of $9.65 million during the same quarter last year, which indicates a negative year-over-year growth rate of 6.9%. The company is expected to report its next quarterly earnings results 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 fiscal 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 Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Garrison Capital.
Garrison Capital (NASDAQ:GARS) last announced its earnings results on Tuesday, November 7th. The investment management company reported $0.26 EPS for the quarter, missing the 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 firm had revenue of $8.90 million during the quarter.
Garrison Capital (NASDAQ GARS) opened at $8.14 on Friday. Garrison Capital has a fifty-two week low of $7.77 and a fifty-two week high of $10.15. The company has a market cap of $130.00, a PE ratio of 23.94 and a beta of 0.23. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 1.07.
In related news, CEO Joseph Bertrand Tansey purchased 7,902 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average cost of $8.27 per share, for a total transaction of $65,349.54. Following the completion of the acquisition, the chief executive officer now owns 103,796 shares in the company, valued at approximately $858,392.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian S. Chase purchased 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average price of $8.15 per share, with a total value of $32,600.00. Following the completion of the acquisition, the chief financial officer now owns 50,135 shares of the company’s stock, valued at approximately $408,600.25. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 40,602 shares of company stock valued at $337,332. Corporate insiders own 5.80% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new stake in shares of Garrison Capital during the second quarter worth approximately $129,000. OxFORD Asset Management LLP boosted its holdings in shares of Garrison Capital by 56.1% during the third quarter. OxFORD Asset Management LLP now owns 17,586 shares of the investment management company’s stock worth $148,000 after purchasing an additional 6,321 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Garrison Capital during the second quarter worth approximately $178,000. Finally, Caxton Corp boosted its holdings in shares of Garrison Capital by 1,137.2% during the third quarter. Caxton Corp now owns 850,000 shares of the investment management company’s stock worth $7,166,000 after purchasing an additional 781,298 shares during the period. Institutional investors and hedge funds own 24.27% of the company’s stock.
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Garrison Capital Company Profile
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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