Wall Street analysts expect Garrison Capital Inc (NASDAQ:GARS) to report sales of $9.47 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Garrison Capital’s earnings. The highest sales estimate is $9.57 million and the lowest is $9.40 million. Garrison Capital reported sales of $9.69 million in the same quarter last year, which indicates a negative year over year growth rate of 2.3%. The company is expected to issue its next earnings results after the market closes on Tuesday, March 5th.
On average, analysts expect that Garrison Capital will report full year sales of $38.68 million for the current year, with estimates ranging from $38.60 million to $38.79 million. For the next fiscal year, analysts expect that the firm will post sales of $42.76 million, with estimates ranging from $41.10 million to $43.61 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Garrison Capital.
A number of analysts have issued reports on the company. Zacks Investment Research raised Garrison Capital from a “strong sell” rating to a “hold” rating and set a $8.00 target price on the stock in a research report on Tuesday, January 15th. National Securities reissued a “buy” rating and issued a $11.00 target price on shares of Garrison Capital in a research report on Monday, November 12th. Finally, ValuEngine downgraded shares of Garrison Capital from a “hold” rating to a “sell” rating in a report on Thursday, November 1st.
Shares of NASDAQ GARS opened at $7.42 on Thursday. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $119.81 million, a PE ratio of 6.93 and a beta of 0.67. Garrison Capital has a fifty-two week low of $6.03 and a fifty-two week high of $8.95.
Institutional investors and hedge funds have recently modified their holdings of the company. National Asset Management Inc. grew its stake in Garrison Capital by 24.8% in the fourth quarter. National Asset Management Inc. now owns 18,603 shares of the investment management company’s stock worth $120,000 after purchasing an additional 3,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Garrison Capital during the 3rd quarter worth $122,000. Oppenheimer & Co. Inc. lifted its position in Garrison Capital by 18.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 24,526 shares of the investment management company’s stock worth $158,000 after acquiring an additional 3,901 shares during the period. Stephens Inc. AR increased its stake in shares of Garrison Capital by 19.6% in the 4th quarter. Stephens Inc. AR now owns 26,809 shares of the investment management company’s stock valued at $172,000 after purchasing an additional 4,395 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Garrison Capital by 27.1% in the fourth quarter. Acadian Asset Management LLC now owns 90,335 shares of the investment management company’s stock valued at $582,000 after purchasing an additional 19,282 shares in the last quarter. Hedge funds and other institutional investors own 25.70% of the company’s stock.
About Garrison Capital
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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