Garrison Capital CEO Purchases $1,429 in Stock (GARS)
Garrison Capital (NASDAQ:GARS) CEO Joseph Bertrand Tansey bought 99 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $14.43 per share, with a total value of $1,428.57. Following the completion of the transaction, the chief executive officer now directly owns 9,824 shares of the company’s stock, valued at approximately $141,760. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Garrison Capital (NASDAQ:GARS) traded up 0.48% on Friday, hitting $14.58. 3,180 shares of the company’s stock traded hands. Garrison Capital has a 52 week low of $13.68 and a 52 week high of $15.40. The stock’s 50-day moving average is $14.68 and its 200-day moving average is $14.4.
Garrison Capital (NASDAQ:GARS) last announced its earnings results on Wednesday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. On average, analysts predict that Garrison Capital will post $1.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date of this dividend is Wednesday, September 10th.
A number of research firms have recently commented on GARS. 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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