Garrison Capital Inc. (NASDAQ:GARS) CEO Joseph Bertrand Tansey acquired 7,902 shares of the stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of $8.27 per share, for a total transaction of $65,349.54. Following the purchase, the chief executive officer now directly owns 103,796 shares in the company, valued at $858,392.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Garrison Capital Inc. (NASDAQ:GARS) traded up $0.08 during trading on Thursday, hitting $8.37. 46,600 shares of the stock traded hands, compared to its average volume of 51,849. The stock has a market capitalization of $133.05, a P/E ratio of 7.40 and a beta of 0.24. The company has a debt-to-equity ratio of 1.07, a quick ratio of 10.29 and a current ratio of 10.29. Garrison Capital Inc. has a 1-year low of $7.77 and a 1-year high of $10.15.
Garrison Capital (NASDAQ:GARS) last released its earnings results on Tuesday, November 7th. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). The firm had revenue of $8.90 million during the quarter. Garrison Capital had a return on equity of 9.33% and a net margin of 14.66%. research analysts predict that Garrison Capital Inc. will post 1.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 13.38%. The ex-dividend date of this dividend is Thursday, December 7th. Garrison Capital’s dividend payout ratio (DPR) is currently 329.41%.
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Several equities analysts have recently issued reports on GARS shares. ValuEngine cut shares of Garrison Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Garrison Capital from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Maxim Group reissued a “buy” rating and issued a $11.00 target price on shares of Garrison Capital in a research report on Thursday, November 9th. Finally, National Securities reissued a “neutral” rating and issued a $10.00 target price on shares of Garrison Capital in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $10.13.
Several institutional investors have recently added to or reduced their stakes in GARS. Alpine Woods Capital Investors LLC increased its position in shares of Garrison Capital by 81.8% in the second quarter. Alpine Woods Capital Investors LLC now owns 20,000 shares of the investment management company’s stock worth $165,000 after acquiring an additional 9,000 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Garrison Capital by 35.6% during the second quarter. Oppenheimer & Co. Inc. now owns 53,727 shares of the investment management company’s stock worth $444,000 after purchasing an additional 14,093 shares during the period. AJO LP acquired a new stake in shares of Garrison Capital during the second quarter worth approximately $816,000. Stephens Inc. AR boosted its holdings in shares of Garrison Capital by 40.1% during the second quarter. Stephens Inc. AR now owns 30,274 shares of the investment management company’s stock worth $250,000 after purchasing an additional 8,667 shares during the period. Finally, Caxton Corp boosted its holdings in shares of Garrison Capital by 4.0% during the second quarter. Caxton Corp now owns 68,702 shares of the investment management company’s stock worth $567,000 after purchasing an additional 2,629 shares during the period. 20.25% of the stock is currently owned by institutional investors and hedge funds.
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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