Q1 2019 EPS Estimates for Garrison Capital Lowered by Analyst (GARS)

Garrison Capital (NASDAQ:GARS) – Analysts at William Blair reduced their Q1 2019 EPS estimates for Garrison Capital in a research note issued to investors on Wednesday, May 16th. William Blair analyst R. Napoli now anticipates that the investment management company will post earnings per share of $0.22 for the quarter, down from their previous forecast of $0.26. William Blair also issued estimates for Garrison Capital’s Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.22 EPS, Q4 2019 earnings at $0.22 EPS and FY2020 earnings at $0.91 EPS.

A number of other equities research analysts also recently commented on the stock. Maxim Group reaffirmed a “buy” rating and issued a $11.00 target price on shares of Garrison Capital in a research report on Friday, March 9th. Zacks Investment Research raised shares of Garrison Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. National Securities raised shares of Garrison Capital from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Friday, March 9th. Finally, ValuEngine downgraded shares of Garrison Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th.

NASDAQ:GARS opened at $8.41 on Thursday. The company has a quick ratio of 7.95, a current ratio of 7.95 and a debt-to-equity ratio of 1.27. Garrison Capital has a 12 month low of $7.77 and a 12 month high of $8.95. The company has a market capitalization of $135.14 million, a price-to-earnings ratio of 7.86 and a beta of 0.18.

Garrison Capital (NASDAQ:GARS) last announced its quarterly earnings results on Tuesday, May 8th. The investment management company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Garrison Capital had a net margin of 32.34% and a return on equity of 9.58%. The company had revenue of $10.22 million during the quarter, compared to the consensus estimate of $9.91 million.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 8th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 13.32%. The ex-dividend date of this dividend is Thursday, June 7th. Garrison Capital’s dividend payout ratio is presently 104.67%.

Several institutional investors have recently modified their holdings of GARS. BlackRock Inc. boosted its stake in shares of Garrison Capital by 11.4% during the 4th quarter. BlackRock Inc. now owns 108,414 shares of the investment management company’s stock worth $879,000 after acquiring an additional 11,119 shares during the last quarter. Caxton Corp boosted its stake in shares of Garrison Capital by 17.6% during the 4th quarter. Caxton Corp now owns 1,000,000 shares of the investment management company’s stock worth $8,110,000 after acquiring an additional 150,000 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Garrison Capital by 18.0% during the 4th quarter. Two Sigma Advisers LP now owns 81,828 shares of the investment management company’s stock worth $664,000 after acquiring an additional 12,500 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Garrison Capital by 99.5% during the 4th quarter. Millennium Management LLC now owns 24,735 shares of the investment management company’s stock worth $201,000 after acquiring an additional 12,335 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of Garrison Capital by 41.1% during the 1st quarter. Blair William & Co. IL now owns 28,500 shares of the investment management company’s stock worth $231,000 after acquiring an additional 8,300 shares during the last quarter. Institutional investors and hedge funds own 25.42% of the company’s stock.

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.

Earnings History and Estimates for Garrison Capital (NASDAQ:GARS)

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