William Blair Comments on Garrison Capital Inc’s FY2018 Earnings (GARS)
Garrison Capital Inc (NASDAQ:GARS) – Equities research analysts at William Blair issued their FY2018 earnings per share estimates for Garrison Capital in a report released on Tuesday, November 13th. William Blair analyst R. Napoli expects that the investment management company will post earnings of $1.02 per share for the year. William Blair also issued estimates for Garrison Capital’s Q4 2018 earnings at $0.21 EPS, Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.24 EPS, FY2019 earnings at $0.93 EPS and FY2020 earnings at $1.03 EPS.
A number of other analysts also recently weighed in on GARS. Zacks Investment Research downgraded Garrison Capital from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded Garrison Capital from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. National Securities reiterated a “buy” rating and set a $11.00 target price on shares of Garrison Capital in a research report on Monday. Finally, Maxim Group reiterated a “buy” rating and set a $11.00 target price on shares of Garrison Capital in a research report on Thursday, August 9th.
Garrison Capital (NASDAQ:GARS) last posted its quarterly earnings results on Tuesday, November 6th. The investment management company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.05). Garrison Capital had a net margin of 25.90% and a return on equity of 9.39%. The business had revenue of $9.31 million during the quarter, compared to analysts’ expectations of $9.78 million.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC boosted its position in Garrison Capital by 24.6% during the first quarter. Millennium Management LLC now owns 30,810 shares of the investment management company’s stock worth $250,000 after purchasing an additional 6,075 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Garrison Capital during the third quarter worth $122,000. Acadian Asset Management LLC boosted its position in Garrison Capital by 135.2% during 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. Macquarie Group Ltd. purchased a new stake in Garrison Capital during the second quarter worth $211,000. Finally, Advisors Asset Management Inc. boosted its position in Garrison Capital by 22.4% during the third quarter. Advisors Asset Management Inc. now owns 333,252 shares of the investment management company’s stock worth $2,759,000 after purchasing an additional 60,950 shares in the last quarter. Institutional investors own 26.37% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.92 dividend on an annualized basis and a yield of 12.06%. Garrison Capital’s payout ratio is 104.67%.
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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