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

According to Zacks, “Garrison Capital Inc. is an externally 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. It invests or provides direct lending in first lien senior secured loans, second lien senior secured loans, one-stop senior secured loans or unitranche loans, subordinated or mezzanine loans, unsecured consumer loans and to a lesser extent, selected equity co-investments in middle-market companies. The Company intends to generate risk-adjusted net returns by assembling a portfolio of investments. The Company’s investments include debt investments, preferred and minority equity investments (equity) of diversified companies and a portfolio of unsecured small balance consumer loans. “

GARS has been the subject of several other reports. Citigroup Inc. reissued a “market perform” rating on shares of Garrison Capital in a research report on Friday, May 12th. National Securities reissued a “neutral” rating and issued a $10.00 price objective on shares of Garrison Capital in a research report on Monday. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Garrison Capital in a research report on Friday, May 12th. ValuEngine cut Garrison Capital from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, CIBC cut Garrison Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, May 12th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $9.94.

Garrison Capital (GARS) traded up 0.85% during mid-day trading on Wednesday, reaching $8.29. 32,305 shares of the company traded hands. The stock has a 50 day moving average price of $8.15 and a 200-day moving average price of $9.06. Garrison Capital has a 52-week low of $7.77 and a 52-week high of $10.98.

Garrison Capital (NASDAQ:GARS) last posted its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. Garrison Capital had a positive return on equity of 8.33% and a negative net margin of 0.38%. The company had revenue of $9.03 million during the quarter, compared to analysts’ expectations of $9.08 million. On average, analysts expect that Garrison Capital will post $1.10 EPS for the current year.

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In related news, CFO Brian S. Chase acquired 4,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $8.07 per share, with a total value of $32,280.00. Following the completion of the acquisition, the chief financial officer now owns 46,135 shares in the company, valued at $372,309.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have acquired 7,010 shares of company stock valued at $57,786. Company insiders own 5.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Baird Financial Group Inc. boosted its position in shares of 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 last quarter. Blair William & Co. IL raised its stake in shares of 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. Ares Management LLC raised its stake in shares of 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. Caxton Corp raised its stake in shares of Garrison Capital by 4.0% in the second quarter. Caxton Corp now owns 68,702 shares of the investment management company’s stock worth $567,000 after buying an additional 2,629 shares during the period. Finally, Stephens Inc. AR raised its stake in shares of 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. 22.55% of the stock is owned by institutional investors.

About Garrison Capital

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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Analyst Recommendations for Garrison Capital (NASDAQ:GARS)

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