Oppenheimer & Co. Inc. raised its position in shares of Garrison Capital Inc (NASDAQ:GARS) by 69.6% during the second quarter, Holdings Channel reports. The fund owned 37,870 shares of the investment management company’s stock after buying an additional 15,540 shares during the period. Oppenheimer & Co. Inc.’s holdings in Garrison Capital were worth $382,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GARS. Clear Harbor Asset Management LLC purchased a new stake in shares of Garrison Capital during the first quarter valued at about $128,000. Envestnet Asset Management Inc. purchased a new stake in shares of Garrison Capital during the first quarter valued at about $156,000. Janney Montgomery Scott LLC raised its stake in shares of Garrison Capital by 115.0% in the second quarter. Janney Montgomery Scott LLC now owns 97,600 shares of the investment management company’s stock valued at $1,076,000 after buying an additional 52,200 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware raised its stake in shares of Garrison Capital by 25.0% in the first quarter. Mckinley Capital Management LLC Delaware now owns 130,039 shares of the investment management company’s stock valued at $1,395,000 after buying an additional 26,042 shares in the last quarter.

Shares of Garrison Capital Inc (NASDAQ:GARS) remained flat at $10.36 during midday trading on Monday. 32,783 shares of the stock traded hands. Garrison Capital Inc has a 12-month low of $9.29 and a 12-month high of $14.57. The company has a 50-day moving average price of $10.44 and a 200 day moving average price of $10.42.

Garrison Capital (NASDAQ:GARS) last announced its quarterly earnings results on Tuesday, August 9th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.01. Equities research analysts forecast that Garrison Capital Inc will post $1.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a $0.35 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $1.40 annualized dividend and a yield of 13.51%.

Several analysts recently issued reports on GARS shares. Maxim Group cut their price objective on Garrison Capital from $14.00 to $13.50 and set a “buy” rating for the company in a report on Monday, May 23rd. Zacks Investment Research upgraded Garrison Capital from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Tuesday, July 12th. Robert W. Baird lowered Garrison Capital from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $11.00 to $10.00 in a report on Friday, August 12th. National Securities reissued a “neutral” rating and set a $11.00 target price on shares of Garrison Capital in a research report on Monday, August 15th. Finally, JMP Securities reissued a “hold” rating on shares of Garrison Capital in a research report on Monday, August 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $12.75.

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.

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