Garrison Capital Inc. (NASDAQ:GARS) has received a consensus rating of “Hold” from the ten research firms that are covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $10.13.

A number of research analysts recently commented on GARS shares. Maxim Group reiterated a “buy” rating and set a $10.50 price objective on shares of Garrison Capital in a research note on Thursday, May 11th. Zacks Investment Research cut shares of Garrison Capital from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Citigroup Inc. reaffirmed a “market perform” rating on shares of Garrison Capital in a research note on Friday, May 12th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Garrison Capital in a research note on Friday, May 12th. Finally, CIBC lowered shares of Garrison Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, May 12th.

In other news, CFO Brian S. Chase purchased 6,000 shares of Garrison Capital stock in a transaction on Tuesday, May 16th. The shares were purchased at an average cost of $8.69 per share, for a total transaction of $52,140.00. Following the completion of the transaction, the chief financial officer now directly owns 40,125 shares in the company, valued at $348,686.25. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joseph Bertrand Tansey purchased 16,700 shares of Garrison Capital stock in a transaction on Tuesday, May 16th. The stock was purchased at an average price of $8.83 per share, for a total transaction of $147,461.00. Following the completion of the transaction, the chief executive officer now owns 82,996 shares of the company’s stock, valued at $732,854.68. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 34,210 shares of company stock worth $299,712. 5.80% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in GARS. UBS Group AG increased its position in shares of Garrison Capital by 20.3% in the first quarter. UBS Group AG now owns 442,062 shares of the investment management company’s stock worth $4,324,000 after buying an additional 74,540 shares in the last quarter. Ares Management LLC increased its stake 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 worth $3,024,000 after buying an additional 2,500 shares during the period. Stephens Inc. AR increased its stake 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 worth $211,000 after buying an additional 2,673 shares during the period. Blair William & Co. IL increased its stake 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 worth $712,000 after buying an additional 750 shares during the period. Finally, Baird Financial Group Inc. increased its stake 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 worth $525,000 after buying an additional 700 shares during the period. 23.79% of the stock is owned by institutional investors.

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Garrison Capital (NASDAQ:GARS) traded down 0.12% on Monday, reaching $8.10. The company had a trading volume of 4,581 shares. The stock’s 50-day moving average price is $8.36 and its 200 day moving average price is $9.26. Garrison Capital has a 52-week low of $8.06 and a 52-week high of $10.98.

Garrison Capital (NASDAQ:GARS) last announced its quarterly earnings results on Tuesday, May 9th. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.29 by $0.03. Garrison Capital had a negative net margin of 14.93% and a positive return on equity of 8.71%. The firm had revenue of $8.99 million during the quarter, compared to analyst estimates of $9.73 million. Equities research analysts expect that Garrison Capital will post $1.12 EPS for the current year.

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.

Analyst Recommendations for Garrison Capital (NASDAQ:GARS)

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