BDC Buzz
Dividend investing, high income, BDCs, portfolio strategy

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

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details