ValuEngine upgraded shares of Garrison Capital Inc. (NASDAQ:GARS) from a hold rating to a buy rating in a research report report published on Monday.

GARS has been the topic of a number of other reports. Zacks Investment Research raised shares of Garrison Capital from a strong sell rating to a hold rating in a research note on Wednesday, July 19th. National Securities reaffirmed a neutral rating and issued a $10.00 target price on shares of Garrison Capital in a research report on Monday, August 14th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $9.94.

Garrison Capital (NASDAQ:GARS) traded up 0.24% during trading on Monday, reaching $8.44. The company’s stock had a trading volume of 4,568 shares. The firm has a 50-day moving average price of $8.42 and a 200-day moving average price of $8.75. Garrison Capital has a 52 week low of $7.77 and a 52 week high of $10.16.

Garrison Capital (NASDAQ:GARS) last announced its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $9.03 million during the quarter, compared to analyst estimates of $9.08 million. Garrison Capital had a positive return on equity of 8.33% and a negative net margin of 0.38%. Equities research analysts forecast that Garrison Capital will post $1.10 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Garrison Capital Inc. (GARS) Upgraded to Buy by ValuEngine” was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/10/03/garrison-capital-inc-gars-upgraded-to-buy-by-valuengine.html.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 13.30%. The ex-dividend date was Thursday, September 7th.

In other Garrison Capital news, CFO Brian S. Chase purchased 4,000 shares of the stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $8.07 per share, with a total value of $32,280.00. Following the completion of the transaction, the chief financial officer now owns 46,135 shares in the company, valued at approximately $372,309.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 8,000 shares of company stock worth $65,190 over the last quarter. 5.80% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. UBS Group AG boosted its stake in Garrison Capital by 20.3% during the 1st quarter. UBS Group AG now owns 442,062 shares of the investment management company’s stock valued at $4,324,000 after purchasing an additional 74,540 shares during the period. Ares Management LLC lifted its holdings in shares of Garrison Capital by 0.8% during 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. AJO LP acquired a new position in shares of Garrison Capital during the second quarter worth approximately $816,000. Blair William & Co. IL lifted its holdings in shares of Garrison Capital by 1.1% during 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. Finally, Caxton Corp lifted its holdings in shares of Garrison Capital by 4.0% during the second quarter. Caxton Corp now owns 68,702 shares of the investment management company’s stock worth $567,000 after buying an additional 2,629 shares during the last quarter. Hedge funds and other institutional investors own 22.03% of the company’s stock.

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.

Analyst Recommendations for Garrison Capital (NASDAQ:GARS)

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.