Garrison Capital Inc (NASDAQ:GARS) CFO Brian S. Chase purchased 3,011 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were bought at an average price of $9.00 per share, with a total value of $27,099.00. Following the acquisition, the chief financial officer now directly owns 28,725 shares of the company’s stock, valued at approximately $258,525. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Garrison Capital Inc (NASDAQ:GARS) opened at 9.14 on Monday. The company’s market cap is $146.77 million. The stock’s 50 day moving average price is $9.68 and its 200 day moving average price is $10.15. Garrison Capital Inc has a 1-year low of $8.75 and a 1-year high of $14.21.

Insider Buying and Selling by Quarter for Garrison Capital (NASDAQ:GARS)

The company also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, December 9th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 12.25%. The ex-dividend date of this dividend is Wednesday, December 7th.

GARS has been the subject of several recent research reports. National Securities reiterated a “neutral” rating and set a $11.00 price target on shares of Garrison Capital in a report on Monday, August 15th. Zacks Investment Research downgraded Garrison Capital from a “hold” rating to a “sell” rating in a report on Friday, August 12th. JMP Securities reiterated a “hold” rating on shares of Garrison Capital in a report on Monday, August 15th. Finally, Robert W. Baird downgraded Garrison Capital from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $11.00 to $10.00 in a report on Friday, August 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GARS. Stephens Inc. AR boosted its position in shares of Garrison Capital by 3.3% in the third quarter. Stephens Inc. AR now owns 21,092 shares of the investment management company’s stock worth $214,000 after buying an additional 669 shares during the last quarter. Nuveen Fund Advisors LLC boosted its position in shares of Garrison Capital by 0.6% in the third quarter. Nuveen Fund Advisors LLC now owns 137,931 shares of the investment management company’s stock worth $1,397,000 after buying an additional 825 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Garrison Capital by 2.5% in the third quarter. Oppenheimer & Co. Inc. now owns 38,832 shares of the investment management company’s stock worth $393,000 after buying an additional 962 shares during the last quarter. DRW Securities LLC boosted its position 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 during the last quarter. Finally, BlackRock Group LTD boosted its position in shares of Garrison Capital by 5.6% in the third quarter. BlackRock Group LTD now owns 77,881 shares of the investment management company’s stock worth $789,000 after buying an additional 4,111 shares during 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.

5 Day Chart for NASDAQ:GARS

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