Zacks: Analysts Anticipate Garrison Capital Inc (GARS) Will Post Earnings of $0.27 Per Share

Equities research analysts expect Garrison Capital Inc (NASDAQ:GARS) to announce earnings per share of $0.27 for the current quarter, according to Zacks. Three analysts have made estimates for Garrison Capital’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.26. Garrison Capital reported earnings per share of $0.31 during the same quarter last year, which would suggest a negative year over year growth rate of 12.9%. The firm is expected to announce its next quarterly earnings report on Tuesday, March 6th.

On average, analysts expect that Garrison Capital will report full-year earnings of $1.09 per share for the current year, with EPS estimates ranging from $1.07 to $1.12. For the next year, analysts expect that the firm will post earnings of $1.02 per share, with EPS estimates ranging from $0.94 to $1.12. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Garrison Capital.

Garrison Capital (NASDAQ:GARS) last announced its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). Garrison Capital had a net margin of 14.66% and a return on equity of 9.33%. The business had revenue of $8.90 million during the quarter.

GARS has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Garrison Capital from a “hold” rating to a “sell” rating in a report on Monday, October 16th. ValuEngine raised shares of Garrison Capital from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Maxim Group reissued a “buy” rating and issued a $11.00 price objective on shares of Garrison Capital in a research report on Thursday, November 9th. Finally, National Securities reissued a “neutral” rating and issued a $10.00 price objective on shares of Garrison Capital in a research report on Monday, November 13th. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $10.13.

In other news, CEO Joseph Bertrand Tansey acquired 9,900 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was acquired at an average price of $8.42 per share, with a total value of $83,358.00. Following the completion of the transaction, the chief executive officer now directly owns 123,696 shares in the company, valued at approximately $1,041,520.32. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Brian S. Chase acquired 4,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average cost of $8.15 per share, with a total value of $32,600.00. Following the transaction, the chief financial officer now owns 50,135 shares of the company’s stock, valued at $408,600.25. The disclosure for this purchase can be found here. In the last three months, insiders bought 40,602 shares of company stock valued at $337,332. Company insiders own 5.80% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Caxton Corp raised its position in shares of Garrison Capital by 1,137.2% in the third quarter. Caxton Corp now owns 850,000 shares of the investment management company’s stock valued at $7,166,000 after buying an additional 781,298 shares during the last quarter. AJO LP acquired a new position in Garrison Capital during the second quarter worth approximately $816,000. Stephens Inc. AR increased its position in Garrison Capital by 40.1% during the second quarter. Stephens Inc. AR now owns 30,274 shares of the investment management company’s stock worth $250,000 after purchasing an additional 8,667 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Garrison Capital during the second quarter worth approximately $178,000. Finally, OxFORD Asset Management LLP increased its position in 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 last quarter. 24.22% of the stock is owned by institutional investors and hedge funds.

Shares of Garrison Capital (NASDAQ:GARS) traded up $0.04 during midday trading on Tuesday, hitting $8.19. 30,439 shares of the company’s stock traded hands, compared to its average volume of 39,515. Garrison Capital has a 12 month low of $7.77 and a 12 month high of $10.15. The stock has a market capitalization of $130.80, a P/E ratio of 24.82 and a beta of 0.24. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 1.07.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 13.68%. The ex-dividend date of this dividend was Thursday, December 7th. Garrison Capital’s dividend payout ratio is presently 339.39%.

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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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