Garrison Capital Inc. (NASDAQ:GARS) CFO Brian S. Chase acquired 4,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $8.07 per share, with a total value of $32,280.00. Following the acquisition, the chief financial officer now directly owns 46,135 shares of the company’s stock, valued at approximately $372,309.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Garrison Capital Inc. (NASDAQ GARS) traded down 0.788% on Friday, hitting $8.185. The stock had a trading volume of 22,566 shares. Garrison Capital Inc. has a 52 week low of $7.77 and a 52 week high of $10.98. The firm has a 50-day moving average price of $8.14 and a 200-day moving average price of $9.06.
Garrison Capital (NASDAQ:GARS) last issued its earnings results on Tuesday, August 8th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $9.03 million for the quarter, compared to the consensus estimate of $9.08 million. Garrison Capital had a positive return on equity of 8.33% and a negative net margin of 0.38%. On average, equities analysts predict that Garrison Capital Inc. will post $1.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 13.58%. The ex-dividend date is Thursday, September 7th.
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Several research analysts have recently commented on the company. Maxim Group reissued a “buy” rating and set a $10.50 price objective on shares of Garrison Capital in a report on Thursday, May 11th. CIBC lowered Garrison Capital from an “outperform” rating to a “market perform” rating in a report on Friday, May 12th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Garrison Capital in a report on Friday, May 12th. Citigroup Inc. reissued a “market perform” rating on shares of Garrison Capital in a report on Friday, May 12th. Finally, Zacks Investment Research lowered Garrison Capital from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Garrison Capital has an average rating of “Hold” and a consensus price target of $9.94.
Hedge funds have recently modified their holdings of the stock. UBS Group AG increased its stake in shares of Garrison Capital by 20.3% in the first quarter. UBS Group AG now owns 442,062 shares of the investment management company’s stock valued at $4,324,000 after buying an additional 74,540 shares during the period. Ares Management LLC boosted its position in Garrison Capital by 0.8% in the first quarter. Ares Management LLC now owns 309,244 shares of the investment management company’s stock valued at $3,024,000 after buying an additional 2,500 shares in the last quarter. AJO LP purchased a new position in Garrison Capital during the second quarter valued at $816,000. Blair William & Co. IL boosted its position in Garrison Capital by 1.1% in the first quarter. Blair William & Co. IL now owns 70,650 shares of the investment management company’s stock valued at $712,000 after buying an additional 750 shares in the last quarter. Finally, Caxton Corp boosted its position in Garrison Capital by 4.0% in the second quarter. Caxton Corp now owns 68,702 shares of the investment management company’s stock valued at $567,000 after buying an additional 2,629 shares in the last quarter. 22.55% of the stock is currently owned by institutional investors.
Garrison Capital Company Profile
Garrison Capital Inc is a managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by making investments primarily in debt securities and loans of the United States-based middle-market companies, which it defines as those having annual earnings before interest, taxes and depreciation, or EBITDA, of certain amount.
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