Insider Selling: Garrison Capital major shareholder Sells 220,190 Shares of Stock (GARS)
Garrison Capital (NASDAQ:GARS) major shareholder Steven Scott Stuart sold 220,190 shares of Garrison Capital stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $14.50, for a total transaction of $3,192,755.00. Following the sale, the insider now directly owns 7,000 shares in the company, valued at approximately $101,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Garrison Capital (NASDAQ:GARS) traded up 0.14% during mid-day trading on Friday, hitting $14.53. The stock had a trading volume of 46,828 shares. Garrison Capital has a one year low of $13.68 and a one year high of $15.40. The stock has a 50-day moving average of $14.67 and a 200-day moving average of $14.45.
Garrison Capital (NASDAQ:GARS) last announced its earnings results on Wednesday, August 6th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters 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. 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 9.64%. The ex-dividend date of this dividend is Wednesday, September 10th.
Several analysts have recently commented on the stock. 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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