Garrison Capital Inc. (NASDAQ:GARS) CFO Brian S. Chase bought 7,000 shares of the stock in a transaction dated Friday, December 8th. The shares were acquired at an average price of $8.17 per share, for a total transaction of $57,190.00. Following the completion of the purchase, the chief financial officer now directly owns 59,135 shares in the company, valued at $483,132.95. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Garrison Capital Inc. (NASDAQ:GARS) traded down $0.10 on Tuesday, reaching $8.13. The company had a trading volume of 47,218 shares, compared to its average volume of 53,147. Garrison Capital Inc. has a 52 week low of $7.77 and a 52 week high of $10.15. The stock has a market cap of $130.64, a price-to-earnings ratio of 7.27 and a beta of 0.24. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 1.07.
Garrison Capital (NASDAQ:GARS) last announced its quarterly earnings data 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). Garrison Capital had a return on equity of 9.33% and a net margin of 14.66%. The firm had revenue of $8.90 million during the quarter. sell-side analysts predict that Garrison Capital Inc. will post 1.08 EPS for the current year.
GARS has been the topic of a number of recent analyst reports. Maxim Group reiterated a “buy” rating and set a $11.00 target price on shares of Garrison Capital in a research note on Thursday, November 9th. Zacks Investment Research cut Garrison Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. ValuEngine cut Garrison Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, National Securities reiterated a “neutral” rating and set a $10.00 target price on shares of Garrison Capital in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.13.
A number of institutional investors and hedge funds have recently made changes to their positions in GARS. Caxton Corp grew its holdings in Garrison Capital by 1,137.2% during the 3rd quarter. Caxton Corp now owns 850,000 shares of the investment management company’s stock valued at $7,166,000 after buying an additional 781,298 shares in the last quarter. AJO LP purchased a new position in Garrison Capital during the 2nd quarter valued at about $816,000. Dynamic Technology Lab Private Ltd purchased a new position in Garrison Capital during the 2nd quarter valued at about $178,000. Goldman Sachs Group Inc. purchased a new position in Garrison Capital during the 2nd quarter valued at about $129,000. Finally, Oppenheimer & Co. Inc. grew its holdings in Garrison Capital by 35.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 53,727 shares of the investment management company’s stock valued at $444,000 after buying an additional 14,093 shares in the last quarter. 24.22% of the stock is owned by institutional investors.
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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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