Garrison Capital Inc. (GARS) CEO Joseph Bertrand Tansey Purchases 7,902 Shares
Garrison Capital Inc. (NASDAQ:GARS) CEO Joseph Bertrand Tansey purchased 7,902 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $8.27 per share, with a total value of $65,349.54. Following the completion of the transaction, the chief executive officer now directly owns 103,796 shares of the company’s stock, valued at $858,392.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Garrison Capital Inc. (NASDAQ GARS) traded up $0.04 on Wednesday, reaching $8.29. The company had a trading volume of 43,800 shares, compared to its average volume of 51,872. Garrison Capital Inc. has a 12-month low of $7.77 and a 12-month high of $10.15. The firm has a market capitalization of $132.41, a PE ratio of 7.37 and a beta of 0.24. The company has a quick ratio of 10.29, a current ratio of 10.29 and a debt-to-equity ratio of 1.07.
Garrison Capital (NASDAQ:GARS) last released its quarterly earnings data on Tuesday, November 7th. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). Garrison Capital had a net margin of 14.66% and a return on equity of 9.33%. The business had revenue of $8.90 million during the quarter. equities analysts predict that Garrison Capital Inc. will post 1.08 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 13.51%. The ex-dividend date is Thursday, December 7th. Garrison Capital’s dividend payout ratio is presently 329.41%.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caxton Corp lifted its holdings in Garrison Capital by 1,137.2% in the third quarter. Caxton Corp now owns 850,000 shares of the investment management company’s stock valued at $7,166,000 after acquiring an additional 781,298 shares during the last quarter. OxFORD Asset Management LLP lifted its stake in Garrison Capital by 56.1% during the third quarter. OxFORD Asset Management LLP now owns 17,586 shares of the investment management company’s stock worth $148,000 after purchasing an additional 6,321 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Garrison Capital during the second quarter worth $178,000. Goldman Sachs Group Inc. acquired a new position in Garrison Capital during the second quarter worth $129,000. Finally, Stephens Inc. AR lifted its stake in Garrison Capital by 40.1% during the second quarter. Stephens Inc. AR now owns 30,274 shares of the investment management company’s stock worth $250,000 after purchasing an additional 8,667 shares in the last quarter. Hedge funds and other institutional investors own 20.25% of the company’s stock.
GARS has been the subject of a number of analyst reports. National Securities restated a “neutral” rating and issued a $10.00 price target on shares of Garrison Capital in a research report on Monday, August 14th. Zacks Investment Research upgraded Garrison Capital from a “hold” rating to a “strong-buy” rating and set a $9.25 price target for the company in a research report on Monday, August 14th. ValuEngine lowered Garrison Capital from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Maxim Group restated a “buy” rating and issued a $11.00 price target on shares of Garrison Capital in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.13.
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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