Garrison Capital Inc. (NASDAQ:GARS) reached a new 52-week low during trading on Friday . The company traded as low as $7.96 and last traded at $7.96, with a volume of 23,623 shares changing hands. The stock had previously closed at $8.01.

A number of equities research analysts recently commented on GARS shares. Maxim Group reiterated a “buy” rating and set a $10.50 price target on shares of Garrison Capital in a report on Thursday, May 11th. Zacks Investment Research upgraded shares of Garrison Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine lowered shares of Garrison Capital from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. CIBC lowered shares of Garrison Capital from an “outperform” rating to a “market perform” rating in a report on Friday, May 12th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Garrison Capital in a report on Friday, May 12th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $10.13.

The company’s 50 day moving average price is $8.23 and its 200-day moving average price is $9.17.

Garrison Capital (NASDAQ:GARS) last posted its quarterly earnings data 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. The firm had revenue of $8.99 million for the quarter, compared to analysts’ expectations of $9.73 million. Garrison Capital had a positive return on equity of 8.71% and a negative net margin of 14.93%. On average, equities analysts expect that Garrison Capital Inc. will post $1.09 EPS for the current year.

In other Garrison Capital news, CFO Brian S. Chase bought 6,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was acquired 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 owns 40,125 shares in the company, valued at $348,686.25. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Joseph Bertrand Tansey bought 9,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average price of $8.70 per share, with a total value of $78,300.00. Following the completion of the transaction, the chief executive officer now owns 103,696 shares of the company’s stock, valued at approximately $902,155.20. The disclosure for this purchase can be found here. Insiders have acquired 34,210 shares of company stock valued at $299,712 over the last ninety days. 5.80% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in GARS. UBS Group AG boosted its stake 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 during the last quarter. Blair William & Co. IL boosted 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 last quarter. Baird Financial Group Inc. boosted its stake 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. Ares Management LLC boosted 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 last quarter. Finally, Stephens Inc. AR boosted 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 last quarter. Institutional investors and hedge funds own 23.82% 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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