Wall Street brokerages expect Garrison Capital Inc (NASDAQ:GARS) to announce sales of $9.82 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Garrison Capital’s earnings. The lowest sales estimate is $9.52 million and the highest is $10.03 million. Garrison Capital reported sales of $8.90 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.3%. The business is scheduled to announce its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Garrison Capital will report full-year sales of $39.87 million for the current year, with estimates ranging from $39.43 million to $40.27 million. For the next year, analysts forecast that the business will report sales of $41.38 million per share, with estimates ranging from $39.70 million to $43.59 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Garrison Capital.

Garrison Capital (NASDAQ:GARS) last posted its quarterly earnings data on Tuesday, August 7th. The investment management company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). The company had revenue of $9.69 million during the quarter, compared to analyst estimates of $9.88 million. Garrison Capital had a return on equity of 9.53% and a net margin of 33.79%.

A number of research firms recently commented on GARS. ValuEngine lowered Garrison Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. National Securities lifted their price objective on Garrison Capital from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Zacks Investment Research lowered Garrison Capital from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. Finally, Maxim Group reiterated a “buy” rating and issued a $11.00 target price on shares of Garrison Capital in a report on Thursday, August 9th.

Shares of Garrison Capital stock remained flat at $$8.35 during midday trading on Friday. The company had a trading volume of 17,012 shares, compared to its average volume of 50,004. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $134.49 million, a price-to-earnings ratio of 7.80 and a beta of 0.30. Garrison Capital has a one year low of $7.77 and a one year high of $8.95.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $1.12 dividend on an annualized basis and a yield of 13.41%. Garrison Capital’s payout ratio is currently 104.67%.

A number of hedge funds have recently modified their holdings of GARS. Caxton Corp increased its holdings in Garrison Capital by 11.5% in the first quarter. Caxton Corp now owns 1,115,072 shares of the investment management company’s stock worth $9,054,000 after purchasing an additional 115,072 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Garrison Capital by 46.0% in the second quarter. Advisors Asset Management Inc. now owns 274,486 shares of the investment management company’s stock worth $2,214,000 after purchasing an additional 86,545 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Garrison Capital in the second quarter worth approximately $211,000. Acadian Asset Management LLC increased its holdings in Garrison Capital by 135.2% in the second quarter. Acadian Asset Management LLC now owns 38,131 shares of the investment management company’s stock worth $310,000 after purchasing an additional 21,920 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Garrison Capital by 99.5% in the fourth quarter. Millennium Management LLC now owns 24,735 shares of the investment management company’s stock worth $201,000 after purchasing an additional 12,335 shares in the last quarter. Institutional investors and hedge funds own 25.58% of the company’s stock.

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 and Estimates for Garrison Capital (NASDAQ:GARS)

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