BDC Buzz
Dividend investing, high income, BDCs, activist investor

Garrison Capital: Time To Buy?

Garrison Capital (NASDAQ:GARS) one of the newer business development companies ("BDCs") and currently has a $418 million portfolio of 83 companies with 94% in senior first lien positions and pays a dividend that is much higher than the other BDCs with a similar mix of high credit quality investments. After recent communications with the CFO as well as my initial analysis, I believe GARS is undervalued especially given its favorable risk profile and it currently trades under book value. This is most likely due to a lack of awareness among BDC investors, both institutional and retail, as well as a limited operating history as a public company. The stock is starting to climb as institutional investors establish positions

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