Garrison Capital Inc. (GARS) CFO Brian S. Chase Purchases 4,000 Shares

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.

ILLEGAL ACTIVITY NOTICE: “Garrison Capital Inc. (GARS) CFO Brian S. Chase Purchases 4,000 Shares” was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2017/08/18/garrison-capital-inc-gars-cfo-brian-s-chase-purchases-4000-shares.html.

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.

Insider Buying and Selling by Quarter for Garrison Capital (NASDAQ:GARS)

What are top analysts saying about Garrison Capital Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Garrison Capital Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit