Garrison Capital (NASDAQ:GARS) released its quarterly earnings results on Tuesday. The investment management company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.05), Fidelity Earnings reports. The firm had revenue of $9.31 million for the quarter, compared to the consensus estimate of $9.78 million. Garrison Capital had a return on equity of 9.53% and a net margin of 33.79%.
GARS traded down $0.12 on Wednesday, reaching $7.95. The company had a trading volume of 91,493 shares, compared to its average volume of 38,086. The firm has a market capitalization of $128.88 million, a PE ratio of 7.43 and a beta of 0.34. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.29. Garrison Capital has a one year low of $7.77 and a one year high of $8.95.
GARS has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Garrison Capital from a “hold” rating to a “strong-buy” rating and set a $9.50 price target for the company in a research report on Wednesday, October 10th. ValuEngine lowered shares of Garrison Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Maxim Group upped their price target on shares of Garrison Capital from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Finally, National Securities upped their price target on shares of Garrison Capital from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Monday, August 13th.
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.
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