Garrison Capital Inc. (NASDAQ:GARS) announced a quarterly dividend on Thursday, November 9th, Wall Street Journal reports. Stockholders of record on Friday, December 8th will be given a dividend of 0.28 per share by the investment management company on Friday, December 22nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 13.16%. The ex-dividend date of this dividend is Thursday, December 7th.

Shares of Garrison Capital (NASDAQ:GARS) opened at $8.51 on Wednesday. Garrison Capital has a 1 year low of $7.77 and a 1 year high of $10.15. The company has a debt-to-equity ratio of 1.07, a quick ratio of 10.29 and a current ratio of 10.29. The firm has a market cap of $136.74, a P/E ratio of 7.61 and a beta of 0.24.

Garrison Capital (NASDAQ:GARS) last released its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). Garrison Capital had a return on equity of 9.33% and a net margin of 14.66%. The company had revenue of $8.90 million for the quarter. research analysts expect that Garrison Capital will post 1.08 EPS for the current fiscal year.

A number of research firms have recently weighed in on GARS. ValuEngine downgraded shares of Garrison Capital from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Garrison Capital from a “sell” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Tuesday, October 17th. Maxim Group restated a “buy” rating and set a $11.00 price objective on shares of Garrison Capital in a research note on Thursday, November 9th. Finally, National Securities restated a “neutral” rating and set a $10.00 price objective on shares of Garrison Capital in a research note on Monday, November 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $10.13.

In other news, CEO Joseph Bertrand Tansey bought 9,900 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average cost of $8.42 per share, with a total value of $83,358.00. Following the completion of the acquisition, the chief executive officer now directly owns 123,696 shares in the company, valued at $1,041,520.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian S. Chase bought 4,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average cost of $8.15 per share, for a total transaction of $32,600.00. Following the completion of the acquisition, the chief financial officer now owns 50,135 shares of the company’s stock, valued at $408,600.25. The disclosure for this purchase can be found here. Insiders acquired 24,802 shares of company stock worth $205,998 over the last quarter. 5.80% of the stock is currently owned by company insiders.

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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.

Dividend History for Garrison Capital (NASDAQ:GARS)

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