Garrison Capital Inc. (GARS) Announces Earnings Results
Garrison Capital Inc. (NASDAQ:GARS) released its earnings results on Tuesday. The investment management company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02, Bloomberg Earnings reports. Garrison Capital had a positive return on equity of 8.71% and a negative net margin of 14.93%.
Garrison Capital (NASDAQ GARS) traded down 1.14% during trading on Tuesday, reaching $7.79. The company’s stock had a trading volume of 40,485 shares. The stock has a 50 day moving average price of $8.20 and a 200 day moving average price of $9.15. Garrison Capital has a 1-year low of $7.77 and a 1-year high of $10.98.
In related news, CEO Joseph Bertrand Tansey purchased 9,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $8.70 per share, for a total transaction of $78,300.00. Following the acquisition, the chief executive officer now directly owns 103,696 shares in the company, valued at $902,155.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian S. Chase purchased 6,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were bought at an average price of $8.69 per share, for a total transaction of $52,140.00. Following the acquisition, the chief financial officer now owns 40,125 shares in the company, valued at $348,686.25. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 34,210 shares of company stock worth $299,712. 5.80% of the stock is owned by company insiders.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded Garrison Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine lowered Garrison Capital from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. National Securities reduced their target price on Garrison Capital from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, May 15th. CIBC lowered Garrison Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, May 12th. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Garrison Capital in a research note on Friday, May 12th. Nine 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 an average price target of $10.13.
TRADEMARK VIOLATION WARNING: “Garrison Capital Inc. (GARS) Announces Earnings Results” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/08/08/garrison-capital-inc-gars-announces-earnings-results.html.
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.
Receive News & Ratings for Garrison Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Garrison Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.