Garrison Capital Inc (GARS) Shares Bought by Oppenheimer & Co. Inc.
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.
Want to see what other hedge funds are holding GARS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Garrison Capital Inc (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 Analyst Ratings Network's FREE daily email newsletter.