Shares of Garrison Capital Inc (NASDAQ:GARS) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. 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 issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $10.33.

A number of research analysts have recently issued reports on the stock. ValuEngine lowered shares of Garrison Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Garrison Capital from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Maxim Group reiterated a “buy” rating and set a $11.00 price target on shares of Garrison Capital in a research note on Thursday, November 9th. Finally, National Securities reiterated a “neutral” rating and set a $10.00 price target on shares of Garrison Capital in a research note on Monday, November 13th.

In related news, CEO Joseph Bertrand Tansey bought 9,900 shares of the stock in a transaction on Friday, December 1st. The shares were bought at an average cost of $8.42 per share, for a total transaction of $83,358.00. Following the completion of the transaction, the chief executive officer now owns 123,696 shares of the company’s stock, valued at approximately $1,041,520.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian S. Chase bought 4,000 shares of the stock in a transaction on Friday, November 17th. The shares were bought at an average price of $8.15 per share, for a total transaction of $32,600.00. Following the completion of the transaction, the chief financial officer now directly owns 50,135 shares of the company’s stock, valued at approximately $408,600.25. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 40,602 shares of company stock worth $337,332. Company insiders own 5.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Caxton Corp grew its position in Garrison Capital by 1,137.2% during the third quarter. Caxton Corp now owns 850,000 shares of the investment management company’s stock worth $7,166,000 after buying an additional 781,298 shares during the period. OxFORD Asset Management LLP grew its position in Garrison Capital by 56.1% during the third quarter. OxFORD Asset Management LLP now owns 17,586 shares of the investment management company’s stock worth $148,000 after buying an additional 6,321 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Garrison Capital during the second quarter worth about $178,000. Goldman Sachs Group Inc. acquired a new position in Garrison Capital during the second quarter worth about $129,000. Finally, Stephens Inc. AR grew its position in 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 buying an additional 8,667 shares during the period. Institutional investors own 24.22% of the company’s stock.

Garrison Capital (NASDAQ:GARS) opened at $8.15 on Thursday. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 1.07. The company has a market cap of $130.16, a price-to-earnings ratio of 7.33 and a beta of 0.24. Garrison Capital has a one year low of $7.77 and a one year high of $10.15.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 13.74%. Garrison Capital’s dividend payout ratio (DPR) is 339.39%.

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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.

Analyst Recommendations for Garrison Capital (NASDAQ:GARS)

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