Insider Buying: Garrison Capital CEO Buys 99 Shares of Stock (GARS)
Garrison Capital (NASDAQ:GARS) CEO Joseph Bertrand Tansey bought 99 shares of the company’s stock on the open market in a transaction dated Monday, August 11th. The shares were purchased at an average price of $14.43 per share, for a total transaction of $1,428.57. Following the completion of the acquisition, the chief executive officer now directly owns 9,824 shares in the company, valued at approximately $141,760. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Shares of Garrison Capital (NASDAQ:GARS) traded up 0.35% during mid-day trading on Wednesday, hitting $14.52. The stock had a trading volume of 43,451 shares. Garrison Capital has a 1-year low of $13.68 and a 1-year high of $15.40. The stock’s 50-day moving average is $14.69 and its 200-day moving average is $14.45.
Garrison Capital (NASDAQ:GARS) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.01. On average, analysts predict that Garrison Capital will post $1.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 9.68%. The ex-dividend date is Wednesday, September 10th.
A number of analysts have recently weighed in on GARS shares. Analysts at Wunderlich initiated coverage on shares of Garrison Capital in a research note on Tuesday, July 1st. They set a “buy” rating and a $16.50 price target on the stock. Separately, analysts at Robert W. Baird downgraded shares of Garrison Capital from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 4th. They now have a $15.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Ladenburg Thalmann initiated coverage on shares of Garrison Capital in a research note on Monday, June 2nd. They set a “neutral” rating on the stock.
Garrison Capital Inc, (NASDAQ:GARS) is a non-diversified closed-end management investment company.
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