Garrison Capital (GARS) Downgraded by ValuEngine

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.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Garrison Capital (NASDAQ:GARS)

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