ValuEngine downgraded shares of Garrison Capital (NASDAQ:GARS) from a buy rating to a hold rating in a research note released on Wednesday morning.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research raised Garrison Capital from a sell rating to a hold rating in a research report on Tuesday, March 13th. Maxim Group reaffirmed a buy rating and set a $11.00 price objective on shares of Garrison Capital in a research report on Friday, March 9th. Finally, National Securities raised Garrison Capital from a neutral rating to a buy rating and set a $10.00 price objective on the stock in a research report on Friday, March 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Garrison Capital currently has an average rating of Hold and an average price target of $10.17.
GARS opened at $8.22 on Wednesday. Garrison Capital has a 12-month low of $7.77 and a 12-month high of $9.88. The company has a debt-to-equity ratio of 1.24, a quick ratio of 6.89 and a current ratio of 6.89. The firm has a market cap of $131.44, a PE ratio of 7.68 and a beta of 0.19.
Garrison Capital (NASDAQ:GARS) last posted its quarterly earnings results on Tuesday, March 6th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Garrison Capital had a return on equity of 9.12% and a net margin of 17.00%. The business had revenue of $9.69 million for the quarter, compared to the consensus estimate of $8.98 million. equities analysts expect that Garrison Capital will post 1.07 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 23rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 13.63%. The ex-dividend date was Thursday, March 22nd. Garrison Capital’s payout ratio is currently 104.67%.
A number of hedge funds have recently modified their holdings of GARS. OxFORD Asset Management LLP boosted its position in Garrison Capital by 56.1% during the third quarter. OxFORD Asset Management LLP now owns 17,586 shares of the investment management company’s stock valued at $148,000 after purchasing an additional 6,321 shares in the last quarter. Millennium Management LLC boosted its position in Garrison Capital by 99.5% during the fourth quarter. Millennium Management LLC now owns 24,735 shares of the investment management company’s stock valued at $201,000 after purchasing an additional 12,335 shares in the last quarter. Two Sigma Advisers LP boosted its position in Garrison Capital by 18.0% during the fourth quarter. Two Sigma Advisers LP now owns 81,828 shares of the investment management company’s stock valued at $664,000 after purchasing an additional 12,500 shares in the last quarter. BlackRock Inc. boosted its position in Garrison Capital by 11.4% during the fourth quarter. BlackRock Inc. now owns 108,414 shares of the investment management company’s stock valued at $879,000 after purchasing an additional 11,119 shares in the last quarter. Finally, Caxton Corp boosted its position in Garrison Capital by 1,137.2% during the third quarter. Caxton Corp now owns 850,000 shares of the investment management company’s stock valued at $7,166,000 after purchasing an additional 781,298 shares in the last quarter. 25.40% of the stock is currently owned by institutional investors.
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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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