Somewhat Positive Media Coverage Somewhat Unlikely to Affect Garrison Capital (GARS) Share Price
Headlines about Garrison Capital (NASDAQ:GARS) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Garrison Capital earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 46.1617755939331 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- Brokers Set Expectations for Garrison Capital Inc.’s Q1 2018 Earnings (GARS) (americanbankingnews.com)
- William Blair Weighs in on Garrison Capital Inc.’s FY2017 Earnings (GARS) (americanbankingnews.com)
- Garrison Capital Inc. (GARS) Expected to Announce Quarterly Sales of $9.02 Million (americanbankingnews.com)
- Garrison Capital Inc. (GARS) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Zacks: Brokerages Expect Garrison Capital Inc. (GARS) Will Announce Earnings of $0.28 Per Share (americanbankingnews.com)
GARS has been the topic of several research reports. ValuEngine lowered shares of Garrison Capital from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Garrison Capital from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Maxim Group reissued a “buy” rating and issued a $11.00 price target on shares of Garrison Capital in a report on Thursday, November 9th. Finally, National Securities reissued a “neutral” rating and issued a $10.00 price target on shares of Garrison Capital in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $10.13.
Garrison Capital (GARS) opened at $8.47 on Friday. The stock has a market cap of $135.94, a P/E ratio of 7.53 and a beta of 0.24. Garrison Capital has a fifty-two week low of $7.77 and a fifty-two week high of $10.15. 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 issued its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The company had revenue of $8.90 million during the quarter. Garrison Capital had a net margin of 14.66% and a return on equity of 9.33%. research analysts forecast that Garrison Capital will post 1.08 EPS for the current fiscal year.
The business also recently disclosed 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 annualized dividend and a yield of 13.22%. Garrison Capital’s dividend payout ratio is currently 339.39%.
In other news, CEO Joseph Bertrand Tansey purchased 7,902 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was bought at an average cost of $8.27 per share, for a total transaction of $65,349.54. Following the acquisition, the chief executive officer now directly owns 103,796 shares of the company’s stock, valued at approximately $858,392.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian S. Chase acquired 4,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was bought at an average price of $8.15 per share, with a total value of $32,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 50,135 shares in the company, valued at approximately $408,600.25. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 14,902 shares of company stock worth $122,640. 5.80% of the stock is owned by insiders.
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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