Garrison Capital (GARS) Announces Quarterly Earnings Results

Garrison Capital (NASDAQ:GARS) posted its quarterly earnings data on Tuesday, May 7th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01), Fidelity Earnings reports. Garrison Capital had a positive return on equity of 8.29% and a negative net margin of 3.06%. The company had revenue of $10.23 million for the quarter, compared to the consensus estimate of $10.75 million.

Shares of Garrison Capital stock opened at $6.92 on Friday. Garrison Capital has a 1-year low of $6.03 and a 1-year high of $8.95. The stock has a market cap of $110.74 million, a price-to-earnings ratio of 6.85 and a beta of 0.65. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 2.03.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.92 annualized dividend and a yield of 13.29%. Garrison Capital’s dividend payout ratio is 91.09%.

Several research analysts have recently issued reports on GARS shares. National Securities dropped their price objective on shares of Garrison Capital from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, March 11th. Zacks Investment Research downgraded shares of Garrison Capital from a “buy” rating to a “hold” rating in a report on Monday, March 11th. ValuEngine cut shares of Garrison Capital from a “sell” rating to a “strong sell” rating in a research note on Monday, April 1st. Finally, TheStreet cut shares of Garrison Capital from a “c” rating to a “d+” rating in a research note on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $9.33.

In related news, Director Matthew Joseph Westwood bought 5,000 shares of Garrison Capital stock in a transaction dated Monday, March 11th. The shares were bought at an average cost of $7.49 per share, for a total transaction of $37,450.00. Following the completion of the transaction, the director now owns 20,800 shares of the company’s stock, valued at $155,792. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel Hahn bought 7,600 shares of Garrison Capital stock in a transaction dated Wednesday, March 13th. The shares were bought at an average price of $7.41 per share, for a total transaction of $56,316.00. Following the completion of the transaction, the chief financial officer now directly owns 13,200 shares of the company’s stock, valued at approximately $97,812. The disclosure for this purchase can be found here. Insiders have bought 67,632 shares of company stock worth $504,202 over the last quarter. 6.40% of the stock is owned by company insiders.

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Garrison Capital Company Profile

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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Earnings History for Garrison Capital (NASDAQ:GARS)

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