Garrison Capital Inc. (NASDAQ:GARS) CEO Joseph Bertrand Tansey acquired 4,500 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were bought at an average cost of $8.45 per share, for a total transaction of $38,025.00. Following the acquisition, the chief executive officer now owns 133,196 shares of the company’s stock, valued at approximately $1,125,506.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Joseph Bertrand Tansey also recently made the following trade(s):

  • On Friday, December 8th, Joseph Bertrand Tansey bought 7,300 shares of Garrison Capital stock. The stock was acquired at an average cost of $8.33 per share, for a total transaction of $60,809.00.
  • On Friday, December 1st, Joseph Bertrand Tansey bought 9,900 shares of Garrison Capital stock. The stock was acquired at an average cost of $8.42 per share, for a total transaction of $83,358.00.
  • On Tuesday, November 21st, Joseph Bertrand Tansey bought 7,902 shares of Garrison Capital stock. The stock was acquired at an average cost of $8.27 per share, for a total transaction of $65,349.54.

Shares of Garrison Capital Inc. (GARS) traded down $0.10 during midday trading on Friday, hitting $8.14. 64,831 shares of the company’s stock traded hands, compared to its average volume of 53,024. The stock has a market cap of $135.78, a price-to-earnings ratio of 7.55 and a beta of 0.24. Garrison Capital Inc. has a 52 week low of $7.77 and a 52 week high of $10.15. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 1.07.

Garrison Capital (NASDAQ:GARS) last issued its earnings results on Tuesday, November 7th. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). The company had revenue of $8.90 million for the quarter. Garrison Capital had a return on equity of 9.33% and a net margin of 14.66%. equities research analysts forecast that Garrison Capital Inc. will post 1.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a $0.28 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.12 annualized dividend and a dividend yield of 13.76%. Garrison Capital’s dividend payout ratio is presently 329.41%.

Several institutional investors have recently added to or reduced their stakes in GARS. Goldman Sachs Group Inc. purchased a new stake in shares of Garrison Capital in the 2nd quarter worth about $129,000. OxFORD Asset Management LLP raised its stake in Garrison Capital by 56.1% in the 3rd quarter. OxFORD Asset Management LLP now owns 17,586 shares of the investment management company’s stock valued at $148,000 after purchasing an additional 6,321 shares during the last quarter. Alpine Woods Capital Investors LLC raised its stake in Garrison Capital by 81.8% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 20,000 shares of the investment management company’s stock valued at $165,000 after purchasing an additional 9,000 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Garrison Capital in the 2nd quarter valued at about $178,000. Finally, Stephens Inc. AR raised its stake in Garrison Capital by 40.1% in the 2nd quarter. Stephens Inc. AR now owns 30,274 shares of the investment management company’s stock valued at $250,000 after purchasing an additional 8,667 shares during the last quarter. Institutional investors and hedge funds own 24.22% of the company’s stock.

A number of equities analysts have recently commented on the stock. ValuEngine cut shares of Garrison Capital from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Garrison Capital from a “sell” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Tuesday, October 17th. Maxim Group reissued a “buy” rating and issued a $11.00 price objective on shares of Garrison Capital in a research note on Thursday, November 9th. Finally, National Securities reissued a “neutral” rating and issued a $10.00 price objective on shares of Garrison Capital in a research note on Monday, November 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Garrison Capital currently has an average rating of “Hold” and a consensus target price of $10.13.

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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.

Insider Buying and Selling by Quarter for Garrison Capital (NASDAQ:GARS)

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