Garrison Capital Inc. (NASDAQ:GARS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday.

According to Zacks, “Garrison Capital Inc. is an externally 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. It invests or provides direct lending in first lien senior secured loans, second lien senior secured loans, one-stop senior secured loans or unitranche loans, subordinated or mezzanine loans, unsecured consumer loans and to a lesser extent, selected equity co-investments in middle-market companies. The Company intends to generate risk-adjusted net returns by assembling a portfolio of investments. The Company’s investments include debt investments, preferred and minority equity investments (equity) of diversified companies and a portfolio of unsecured small balance consumer loans. “

Several other brokerages also recently commented on GARS. ValuEngine downgraded shares of Garrison Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Maxim Group reaffirmed a “buy” rating and issued a $11.00 target price on shares of Garrison Capital in a research note on Thursday. Finally, National Securities reaffirmed a “neutral” rating and issued a $10.00 target price on shares of Garrison Capital in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.13.

Shares of Garrison Capital (NASDAQ:GARS) remained flat at $$8.39 on Monday. The company had a trading volume of 35,300 shares, compared to its average volume of 52,056. The stock has a market capitalization of $134.65, a P/E ratio of 7.49 and a beta of 0.24. The company has a current ratio of 10.29, a quick ratio of 10.29 and a debt-to-equity ratio of 1.07. Garrison Capital has a 1-year low of $7.77 and a 1-year high of $10.15.

Garrison Capital (NASDAQ:GARS) last issued its earnings results on Tuesday, November 7th. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). Garrison Capital had a return on equity of 9.33% and a net margin of 14.66%. The firm had revenue of $8.90 million during the quarter. analysts expect that Garrison Capital will post 1.11 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Zacks Investment Research Lowers Garrison Capital Inc. (GARS) to Strong Sell” was published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/11/13/zacks-investment-research-lowers-garrison-capital-inc-gars-to-strong-sell.html.

Institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new position in Garrison Capital during the 2nd quarter valued at $129,000. OxFORD Asset Management LLP increased its position in Garrison Capital by 56.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 17,586 shares of the investment management company’s stock valued at $148,000 after purchasing an additional 6,321 shares during the period. Alpine Woods Capital Investors LLC increased its position in Garrison Capital by 81.8% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 20,000 shares of the investment management company’s stock valued at $165,000 after purchasing an additional 9,000 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Garrison Capital during the 2nd quarter valued at $178,000. Finally, Stephens Inc. AR increased its position in Garrison Capital by 40.1% during the 2nd quarter. Stephens Inc. AR now owns 30,274 shares of the investment management company’s stock valued at $250,000 after purchasing an additional 8,667 shares during the period. 20.85% of the stock is currently owned by institutional investors and hedge funds.

About Garrison Capital

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.