Garrison Capital Inc (NASDAQ:GARS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other brokerages also recently issued reports on GARS. Maxim Group reiterated a “buy” rating and set a $10.50 price target on shares of Garrison Capital in a report on Thursday, May 11th. National Securities decreased their price target on Garrison Capital from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, May 15th. CIBC downgraded Garrison Capital from an “outperform” rating to a “market perform” rating in a report on Friday, May 12th. Citigroup Inc. reiterated a “market perform” rating on shares of Garrison Capital in a report on Friday, May 12th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Garrison Capital in a report on Friday, May 12th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $10.13.

Shares of Garrison Capital (GARS) traded up 0.12% during trading on Wednesday, hitting $8.13. 8,137 shares of the stock traded hands. Garrison Capital has a 52 week low of $8.06 and a 52 week high of $10.98. The company has a 50-day moving average of $8.38 and a 200-day moving average of $9.27.

Garrison Capital (NASDAQ:GARS) last released its quarterly earnings data on Tuesday, May 9th. The investment management company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The firm had revenue of $8.99 million for the quarter, compared to the consensus estimate of $9.73 million. Garrison Capital had a negative net margin of 44.34% and a negative return on equity of 8.20%. On average, equities research analysts anticipate that Garrison Capital will post $1.12 earnings per share for the current fiscal year.

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In other Garrison Capital news, CEO Joseph Bertrand Tansey acquired 9,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were acquired at an average price of $8.70 per share, with a total value of $78,300.00. Following the completion of the transaction, the chief executive officer now owns 103,696 shares in the company, valued at $902,155.20. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Brian S. Chase acquired 6,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average cost of $8.69 per share, for a total transaction of $52,140.00. Following the transaction, the chief financial officer now owns 40,125 shares of the company’s stock, valued at approximately $348,686.25. The disclosure for this purchase can be found here. In the last three months, insiders acquired 34,210 shares of company stock worth $299,712.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Stephens Inc. AR boosted its position in Garrison Capital by 14.1% in the first quarter. Stephens Inc. AR now owns 21,607 shares of the investment management company’s stock valued at $211,000 after buying an additional 2,673 shares in the last quarter. Baird Financial Group Inc. boosted its position in Garrison Capital by 1.3% in the first quarter. Baird Financial Group Inc. now owns 53,650 shares of the investment management company’s stock valued at $525,000 after buying an additional 700 shares in the last quarter. Two Sigma Investments LP boosted its position in Garrison Capital by 3.4% in the fourth quarter. Two Sigma Investments LP now owns 75,575 shares of the investment management company’s stock valued at $707,000 after buying an additional 2,500 shares in the last quarter. Blair William & Co. IL boosted its position in Garrison Capital by 1.1% in the first quarter. Blair William & Co. IL now owns 70,650 shares of the investment management company’s stock valued at $712,000 after buying an additional 750 shares in the last quarter. Finally, Ares Management LLC boosted its position in Garrison Capital by 0.8% in the first quarter. Ares Management LLC now owns 309,244 shares of the investment management company’s stock valued at $3,024,000 after buying an additional 2,500 shares in the last quarter.

Garrison Capital Company Profile

Garrison Capital Inc is a managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by making investments primarily in debt securities and loans of the United States-based middle-market companies, which it defines as those having annual earnings before interest, taxes and depreciation, or EBITDA, of certain amount.

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