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Garrison Capital (NASDAQ:GARS) major shareholder Steven Scott Stuart sold 220,190 shares of Garrison Capital stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $14.50, for a total value of $3,192,755.00. Following the completion of the sale, the insider now directly owns 7,000 shares of the company’s stock, valued at approximately $101,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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 (NASDAQ:GARS) traded up 0.14% during mid-day trading on Friday, hitting $14.53. 46,828 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 posted its quarterly 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. Analysts expect that Garrison Capital will post $1.38 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Investors 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.

Garrison Capital Inc, (NASDAQ:GARS) is a non-diversified closed-end management investment company.

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