Garrison Capital Inc (GARS) Sees Strong Trading Volume
Garrison Capital Inc (NASDAQ:GARS) shares saw unusually-strong trading volume on Thursday . Approximately 87,360 shares were traded during trading, an increase of 62% from the previous session’s volume of 54,032 shares.The stock last traded at $10.43 and had previously closed at $10.26.
Several analysts recently commented on GARS shares. Maxim Group dropped their price target on shares of Garrison Capital from $14.00 to $13.50 and set a “buy” rating on the stock in a research report on Monday, May 23rd. Zacks Investment Research upgraded shares of Garrison Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, March 23rd. National Securities restated a “neutral” rating and set a $11.00 price target on shares of Garrison Capital in a research report on Wednesday, May 11th. Janney Montgomery Scott started coverage on shares of Garrison Capital in a research report on Wednesday, April 27th. They set a “neutral” rating on the stock. Finally, Stephens dropped their target price on shares of Garrison Capital from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, March 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Garrison Capital has a consensus rating of “Hold” and an average price target of $13.61.
The company’s market capitalization is $169.86 million. The firm’s 50 day moving average price is $10.13 and its 200 day moving average price is $10.78.
Garrison Capital (NASDAQ:GARS) last announced its quarterly earnings data on Monday, May 9th. The investment management company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. On average, equities analysts anticipate that Garrison Capital Inc will post $1.40 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 10th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, June 8th. This represents a $1.40 annualized dividend and a dividend yield of 13.35%.
In other Garrison Capital news, CEO Joseph Bertrand Tansey purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were purchased at an average price of $10.47 per share, for a total transaction of $104,700.00. Following the completion of the acquisition, the chief executive officer now owns 77,996 shares of the company’s stock, valued at approximately $816,618.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rafael Astruc purchased 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The stock was acquired at an average price of $10.15 per share, for a total transaction of $25,375.00. Following the acquisition, the director now directly owns 469 shares of the company’s stock, valued at approximately $4,760.35. The disclosure for this purchase can be found here.
Garrison Capital Inc, (Garrison Capital) is a non-diversified closed-end management investment company. The Company’s investment objective is to provide its stockholders with current income and capital appreciation through debt and minority equity investments in middle-market companies. The Company invest primarily in first lien senior secured loans, second lien senior secured loans, one-stop senior secured or unitranche loans, subordinated or mezzanine loans and to a lesser extent, selected equity co-investments in middle-market companies.
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