Garrison Capital Inc (NASDAQ:GARS) has been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $10.33.
Several analysts have recently weighed in on the company. Zacks Investment Research cut Garrison Capital from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Maxim Group restated a “buy” rating and set a $11.00 price target on shares of Garrison Capital in a report on Thursday, November 9th. National Securities restated a “neutral” rating and set a $10.00 price target on shares of Garrison Capital in a report on Monday, November 13th. Finally, ValuEngine upgraded Garrison Capital from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st.
In related news, CEO Joseph Bertrand Tansey bought 7,902 shares of Garrison Capital stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average cost of $8.27 per share, for a total transaction of $65,349.54. Following the completion of the acquisition, the chief executive officer now directly owns 103,796 shares of the company’s stock, valued at approximately $858,392.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian S. Chase bought 4,000 shares of Garrison Capital stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average price of $8.15 per share, for a total transaction of $32,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 50,135 shares of the company’s stock, valued at $408,600.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 40,602 shares of company stock worth $337,332. Company insiders own 5.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in GARS. Caxton Corp boosted its holdings in Garrison Capital by 1,137.2% in the third quarter. Caxton Corp now owns 850,000 shares of the investment management company’s stock valued at $7,166,000 after acquiring an additional 781,298 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Garrison Capital in the second quarter valued at approximately $178,000. Goldman Sachs Group Inc. bought a new stake in Garrison Capital in the second quarter valued at approximately $129,000. Finally, OxFORD Asset Management LLP boosted its holdings in Garrison Capital by 56.1% in the third quarter. OxFORD Asset Management LLP now owns 17,586 shares of the investment management company’s stock valued at $148,000 after acquiring an additional 6,321 shares during the last quarter. Institutional investors and hedge funds own 24.27% of the company’s stock.
Garrison Capital (NASDAQ:GARS) opened at $8.11 on Friday. Garrison Capital has a 12-month low of $7.77 and a 12-month high of $10.15. The company has a debt-to-equity ratio of 1.07, a current ratio of 10.29 and a quick ratio of 10.29. The stock has a market capitalization of $130.16, a PE ratio of 24.58 and a beta of 0.23.
Garrison Capital (NASDAQ:GARS) last released its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.02). The firm had revenue of $8.90 million for the quarter. Garrison Capital had a return on equity of 9.33% and a net margin of 14.66%. equities research analysts forecast that Garrison Capital will post 1.09 EPS for the current year.
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About Garrison Capital
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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