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.

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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.

Earnings History for Garrison Capital (NASDAQ:GARS)

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