Garrison Capital Inc (GARS) Receives Consensus Rating of “Hold” from Analysts
Garrison Capital Inc (NASDAQ:GARS) has received a consensus recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.33.
Several research analysts have recently weighed in on the company. Zacks Investment Research raised Garrison Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, December 29th. ValuEngine raised Garrison Capital from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. National Securities reaffirmed a “neutral” rating and set a $10.00 target price on shares of Garrison Capital in a research note on Monday, November 13th. Finally, 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.
Garrison Capital (NASDAQ GARS) opened at $8.19 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 10.29 and a current ratio of 10.29. The firm has a market capitalization of $131.44, a P/E ratio of 24.09 and a beta of 0.24. Garrison Capital has a 52 week low of $7.77 and a 52 week high of $10.15.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 13.68%. The ex-dividend date was Thursday, December 7th. Garrison Capital’s dividend payout ratio is currently 329.41%.
In related news, CFO Brian S. Chase bought 7,000 shares of the company’s stock in a transaction on Friday, December 8th. The stock was bought at an average cost of $8.17 per share, for a total transaction of $57,190.00. Following the acquisition, the chief financial officer now directly owns 59,135 shares in the company, valued at $483,132.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian S. Chase bought 4,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was bought at an average price of $8.15 per share, with a total value of $32,600.00. Following the completion of the acquisition, the chief financial officer now owns 50,135 shares in the company, valued at $408,600.25. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 40,602 shares of company stock valued at $337,332. 5.80% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. Caxton Corp grew its holdings in Garrison Capital by 1,137.2% in the 3rd quarter. Caxton Corp now owns 850,000 shares of the investment management company’s stock valued at $7,166,000 after buying an additional 781,298 shares in the last quarter. AJO LP purchased a new stake in Garrison Capital in the 2nd quarter valued at $816,000. Goldman Sachs Group Inc. purchased a new stake in Garrison Capital in the 2nd quarter valued at $129,000. OxFORD Asset Management LLP grew its holdings 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 buying an additional 6,321 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings 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 buying an additional 8,667 shares in the last quarter. Institutional investors own 24.22% of the company’s stock.
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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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