Brokerages Set Garrison Capital Inc (NASDAQ:GARS) Target Price at $12.88
Garrison Capital Inc (NASDAQ:GARS) has been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $12.88.
Several equities analysts have recently weighed in on the stock. JMP Securities reissued a “hold” rating on shares of Garrison Capital in a research note on Monday, August 15th. Zacks Investment Research cut shares of Garrison Capital from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Robert W. Baird cut shares of Garrison Capital from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $11.00 to $10.00 in a research report on Friday, August 12th. Finally, National Securities restated a “neutral” rating and set a $11.00 price objective on shares of Garrison Capital in a research report on Monday, August 15th.
Shares of Garrison Capital (NASDAQ:GARS) opened at 10.13 on Friday. Garrison Capital has a 12 month low of $9.29 and a 12 month high of $14.55. The stock has a 50 day moving average of $10.38 and a 200 day moving average of $10.38.
Garrison Capital (NASDAQ:GARS) last posted its quarterly earnings results on Tuesday, August 9th. The investment management company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.01. Equities analysts predict that Garrison Capital will post $1.46 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.82%. The ex-dividend date of this dividend was Wednesday, September 7th.
Large investors have recently made changes to their positions in the stock. DRW Securities LLC boosted its stake in shares of Garrison Capital by 0.5% in the second quarter. DRW Securities LLC now owns 572,917 shares of the investment management company’s stock worth $5,781,000 after buying an additional 3,100 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of Garrison Capital by 14.6% in the second quarter. BlackRock Group LTD now owns 73,770 shares of the investment management company’s stock worth $744,000 after buying an additional 9,385 shares in the last quarter. Clear Harbor Asset Management LLC bought a new stake in shares of Garrison Capital during the first quarter worth $128,000. Envestnet Asset Management Inc. bought a new stake in shares of Garrison Capital during the first quarter worth $156,000. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Garrison Capital by 69.6% in the second quarter. Oppenheimer & Co. Inc. now owns 37,870 shares of the investment management company’s stock worth $382,000 after buying an additional 15,540 shares in the last quarter.
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.
Receive News & Stock Ratings for Garrison Capital Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Garrison Capital Inc and related stocks with our FREE daily email newsletter.