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.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 13.73%. The ex-dividend date of this dividend is Thursday, December 7th. Garrison Capital’s dividend payout ratio is presently 339.39%.

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.

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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.

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

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