Brian S. Chase Purchases 7,000 Shares of Garrison Capital Inc. (GARS) Stock
Garrison Capital Inc. (NASDAQ:GARS) CFO Brian S. Chase bought 7,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was bought at an average price of $8.17 per share, with a total value of $57,190.00. Following the completion of the acquisition, the chief financial officer now owns 59,135 shares of the company’s stock, valued at approximately $483,132.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Garrison Capital Inc. (GARS) traded up $0.03 during trading on Thursday, reaching $8.16. The company’s stock had a trading volume of 53,500 shares, compared to its average volume of 53,149. Garrison Capital Inc. has a one year low of $7.77 and a one 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 capitalization of $130.96, a PE ratio of 7.26 and a beta of 0.24.
Garrison Capital (NASDAQ:GARS) last posted its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). Garrison Capital had a net margin of 14.66% and a return on equity of 9.33%. The business had revenue of $8.90 million during the quarter. analysts anticipate that Garrison Capital Inc. will post 1.08 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new stake in Garrison Capital in the second quarter valued at $129,000. OxFORD Asset Management LLP raised its stake in Garrison Capital by 56.1% in the third quarter. OxFORD Asset Management LLP now owns 17,586 shares of the investment management company’s stock valued at $148,000 after buying an additional 6,321 shares in the last quarter. Alpine Woods Capital Investors LLC raised its stake in Garrison Capital by 81.8% in the second quarter. Alpine Woods Capital Investors LLC now owns 20,000 shares of the investment management company’s stock valued at $165,000 after buying an additional 9,000 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Garrison Capital in the second quarter valued at $178,000. Finally, Stephens Inc. AR increased its position in shares of Garrison Capital by 40.1% during the second quarter. Stephens Inc. AR now owns 30,274 shares of the investment management company’s stock worth $250,000 after purchasing an additional 8,667 shares in the last quarter. Institutional investors own 24.22% of the company’s stock.
A number of research firms recently issued reports on GARS. ValuEngine lowered Garrison Capital from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Garrison Capital from a “sell” rating to a “buy” rating and set a $9.50 target price for the company in a report on Tuesday, October 17th. Maxim Group restated a “buy” rating and issued a $11.00 price target on shares of Garrison Capital in a research note on Thursday, November 9th. Finally, National Securities restated a “neutral” rating and issued a $10.00 price target 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 given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $10.13.
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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