Garrison Capital Inc. (NASDAQ:GARS) CFO Brian S. Chase purchased 4,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average price of $8.15 per share, for a total transaction of $32,600.00. Following the purchase, the chief financial officer now directly owns 50,135 shares of the company’s stock, valued at approximately $408,600.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Garrison Capital Inc. (NASDAQ:GARS) traded up $0.04 during mid-day trading on Wednesday, hitting $8.29. The stock had a trading volume of 43,800 shares, compared to its average volume of 51,872. Garrison Capital Inc. has a 1-year low of $7.77 and a 1-year high of $10.15. The stock has a market capitalization of $132.41, a price-to-earnings ratio of 7.37 and a beta of 0.24. The company has a debt-to-equity ratio of 1.07, a current ratio of 10.29 and a quick ratio of 10.29.

Garrison Capital (NASDAQ:GARS) last issued its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.26 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $8.90 million for the quarter. equities analysts expect that Garrison Capital Inc. will post 1.08 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a $0.28 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.12 dividend on an annualized basis and a yield of 13.51%. Garrison Capital’s dividend payout ratio is currently 329.41%.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/11/22/garrison-capital-inc-gars-cfo-brian-s-chase-buys-4000-shares-of-stock.html.

GARS has been the topic of a number of research analyst reports. Zacks Investment Research lowered Garrison Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Maxim Group restated a “buy” rating and set a $11.00 price target on shares of Garrison Capital in a research note on Thursday, November 9th. ValuEngine lowered Garrison Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, National Securities restated a “neutral” rating and set a $10.00 price target on shares of Garrison Capital in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.13.

A number of hedge funds and other institutional investors have recently modified their holdings of GARS. Goldman Sachs Group Inc. purchased a new stake in Garrison Capital in the second quarter valued at approximately $129,000. OxFORD Asset Management LLP boosted its position in Garrison Capital by 56.1% in the third quarter. OxFORD Asset Management LLP now owns 17,586 shares of the investment management company’s stock valued at $148,000 after buying an additional 6,321 shares during the last quarter. Alpine Woods Capital Investors LLC boosted its position in Garrison Capital by 81.8% in the second quarter. Alpine Woods Capital Investors LLC now owns 20,000 shares of the investment management company’s stock valued at $165,000 after buying an additional 9,000 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Garrison Capital in the second quarter valued at approximately $178,000. Finally, Stephens Inc. AR boosted its position in Garrison Capital by 40.1% in the second quarter. Stephens Inc. AR now owns 30,274 shares of the investment management company’s stock valued at $250,000 after buying an additional 8,667 shares during the last quarter. Hedge funds and other institutional investors own 20.25% of the company’s stock.

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.

Insider Buying and Selling by Quarter 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.