Equities research analysts expect that Garrison Capital Inc (NASDAQ:GARS) will post $0.31 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for Garrison Capital’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.35. Garrison Capital reported earnings per share of $0.36 in the same quarter last year, which would suggest a negative year over year growth rate of 13.9%. The company is scheduled to announce its next earnings report after the market closes on Tuesday, May 9th.
On average, analysts expect that Garrison Capital will report full-year earnings of $1.24 per share for the current year, with EPS estimates ranging from $1.15 to $1.37. For the next financial year, analysts expect that the business will post earnings of $1.10 per share, with EPS estimates ranging from $1.07 to $1.12. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Garrison Capital.
Garrison Capital (NASDAQ:GARS) last issued its earnings results on Tuesday, March 7th. The investment management company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.04. The business earned $9.65 million during the quarter, compared to analyst estimates of $10.79 million.
Several research analysts have recently commented on GARS shares. Wunderlich lowered Garrison Capital from a “buy” rating to a “hold” rating and lowered their price target for the stock from $11.00 to $10.00 in a research report on Thursday, March 16th. National Securities restated a “neutral” rating and set a $11.00 price target on shares of Garrison Capital in a research report on Monday, March 13th. Finally, Zacks Investment Research lowered Garrison Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Garrison Capital has a consensus rating of “Hold” and a consensus price target of $11.30.
In other news, CFO Brian S. Chase purchased 5,000 shares of the stock in a transaction dated Monday, March 13th. The stock was acquired at an average cost of $9.82 per share, for a total transaction of $49,100.00. Following the completion of the transaction, the chief financial officer now directly owns 36,125 shares in the company, valued at approximately $354,747.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stephens Inc. AR raised its position in Garrison Capital by 3.3% in the third quarter. Stephens Inc. AR now owns 21,092 shares of the investment management company’s stock valued at $214,000 after buying an additional 669 shares in the last quarter. Shelton Capital Management bought a new stake in shares of Garrison Capital during the fourth quarter valued at about $598,000. Two Sigma Investments LP boosted its stake in shares of Garrison Capital by 3.4% in the fourth quarter. Two Sigma Investments LP now owns 75,575 shares of the investment management company’s stock valued at $707,000 after buying an additional 2,500 shares during the last quarter. Nuveen Fund Advisors LLC boosted its stake in shares of Garrison Capital by 0.6% in the third quarter. Nuveen Fund Advisors LLC now owns 137,931 shares of the investment management company’s stock valued at $1,397,000 after buying an additional 825 shares during the last quarter. Finally, Ares Management LLC boosted its stake in shares of Garrison Capital by 275.1% in the third quarter. Ares Management LLC now owns 210,082 shares of the investment management company’s stock valued at $2,128,000 after buying an additional 154,082 shares during the last quarter.
Shares of Garrison Capital (NASDAQ:GARS) traded down 0.10% during midday trading on Monday, reaching $9.71. The company’s stock had a trading volume of 26,320 shares. The stock’s 50-day moving average is $9.69 and its 200-day moving average is $9.57. Garrison Capital has a one year low of $8.75 and a one year high of $10.98. The company’s market capitalization is $155.84 million.
About Garrison Capital
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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