Garrison Capital Inc. (GARS) To Go Ex-Dividend on December 7th
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.
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.
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