In a report released today, Michael Diana from Maxim Group maintained a Buy rating on Garrison (GARS), with a price target of $11. The company’s shares closed yesterday at $7.97.
Diana noted:
“GARS reported 3Q18 EPS of $0.09 versus its 3Q18 dividend of $0.28, so NAV was down 1.7%, to $11.25.”
According to TipRanks.com, Diana is a 4-star analyst with an average return of 4.4% and a 56.5% success rate. Diana covers the Financial sector, focusing on stocks such as Manhattan Bridge Capital Inc, Arlington Asset Investment, and Westamerica Bancorporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Garrison with a $11 average price target.
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Based on Garrison’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.49 million. In comparison, last year the company had a net profit of $4.42 million.
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Garrison Capital, Inc. operates as a externally managed, non-diversified closed-end investment fund. The firm’s investment objective is to generate current income and capital appreciation by making investments primarily in debt securities and loans of U.S. based middle-market companies.
