Analysts predict that Garrison Capital (NASDAQ:GARS) will report $9.99 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Garrison Capital’s earnings, with the lowest sales estimate coming in at $9.48 million and the highest estimate coming in at $10.50 million. Garrison Capital reported sales of $9.03 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.6%. The company is scheduled to report its next quarterly earnings results on Tuesday, August 14th.
According to Zacks, analysts expect that Garrison Capital will report full year sales of $40.73 million for the current fiscal year, with estimates ranging from $39.06 million to $42.42 million. For the next financial year, analysts forecast that the firm will post sales of $42.16 million per share, with estimates ranging from $40.70 million to $44.41 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Garrison Capital.
Garrison Capital (NASDAQ:GARS) last announced its quarterly earnings results on Tuesday, May 8th. The investment management company reported $0.31 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $10.22 million during the quarter, compared to the consensus estimate of $9.91 million.
Shares of Garrison Capital opened at $8.53 on Friday, Marketbeat reports. Garrison Capital has a 12-month low of $8.40 and a 12-month high of $8.40. The stock has a market cap of $135.14 million, a P/E ratio of 7.45 and a beta of 0.18. The company has a quick ratio of 7.95, a current ratio of 7.95 and a debt-to-equity ratio of 1.27.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 13.13%. The ex-dividend date of this dividend is Thursday, June 7th. Garrison Capital’s dividend payout ratio is currently 104.67%.
A number of hedge funds have recently made changes to their positions in the stock. Caxton Corp increased its position in Garrison Capital by 17.6% in the 4th quarter. Caxton Corp now owns 1,000,000 shares of the investment management company’s stock valued at $8,110,000 after acquiring an additional 150,000 shares in the last quarter. Two Sigma Advisers LP increased its position in Garrison Capital by 18.0% in the 4th quarter. Two Sigma Advisers LP now owns 81,828 shares of the investment management company’s stock valued at $664,000 after acquiring an additional 12,500 shares in the last quarter. Millennium Management LLC increased its position in Garrison Capital by 99.5% in the 4th quarter. Millennium Management LLC now owns 24,735 shares of the investment management company’s stock valued at $201,000 after acquiring an additional 12,335 shares in the last quarter. BlackRock Inc. increased its position in Garrison Capital by 11.4% in the 4th quarter. BlackRock Inc. now owns 108,414 shares of the investment management company’s stock valued at $879,000 after acquiring an additional 11,119 shares in the last quarter. Finally, Blair William & Co. IL increased its position in Garrison Capital by 41.1% in the 1st quarter. Blair William & Co. IL now owns 28,500 shares of the investment management company’s stock valued at $231,000 after acquiring an additional 8,300 shares in the last quarter. 25.42% of the stock is owned by hedge funds and other institutional investors.
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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