Insider Buying: Brian S. Chase Acquires 1,035 Shares of Garrison Capital Stock (GARS)
Garrison Capital (NASDAQ:GARS) CFO Brian S. Chase acquired 1,035 shares of Garrison Capital stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average price of $14.49 per share, with a total value of $14,997.15. Following the completion of the transaction, the chief financial officer now directly owns 15,653 shares of the company’s stock, valued at approximately $226,812. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 (NASDAQ:GARS) traded up 0.34% during mid-day trading on Wednesday, hitting $14.6699. The stock had a trading volume of 32,222 shares. Garrison Capital has a 52 week low of $13.68 and a 52 week high of $15.40. The stock has a 50-day moving average of $14.63 and a 200-day moving average of $14.46.
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. Analysts expect that Garrison Capital will post $1.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders 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 9.58%. The ex-dividend date is Wednesday, September 10th.
Garrison Capital Inc, (NASDAQ:GARS) is a non-diversified closed-end management investment company.
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