Garrison Capital Inc (GARS) Given Average Rating of “Hold” by Brokerages
Garrison Capital Inc (NASDAQ:GARS) has earned a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $10.33.
Several equities analysts have issued reports on GARS shares. Zacks Investment Research lowered Garrison Capital from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Maxim Group reissued a “buy” rating and issued a $11.00 price target on shares of Garrison Capital in a research note on Thursday, November 9th. National Securities reissued a “neutral” rating and issued a $10.00 price target on shares of Garrison Capital in a research note on Monday, November 13th. Finally, ValuEngine raised Garrison Capital from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st.
In other news, CFO Brian S. Chase bought 4,000 shares of the stock in a transaction dated Friday, November 17th. The shares were bought at an average cost of $8.15 per share, with a total value of $32,600.00. Following the completion of the transaction, the chief financial officer now directly owns 50,135 shares of the company’s stock, valued at $408,600.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph Bertrand Tansey bought 9,900 shares of the stock in a transaction dated Friday, December 1st. The shares were purchased at an average cost of $8.42 per share, for a total transaction of $83,358.00. Following the completion of the transaction, the chief executive officer now directly owns 123,696 shares of the company’s stock, valued at $1,041,520.32. The disclosure for this purchase can be found here. Insiders have bought 40,602 shares of company stock worth $337,332 over the last ninety days. 5.80% of the stock is owned by insiders.
Garrison Capital (NASDAQ GARS) opened at $8.11 on Friday. Garrison Capital has a 12 month low of $7.77 and a 12 month 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. The stock has a market capitalization of $130.16, a P/E ratio of 24.58 and a beta of 0.23.
Garrison Capital (NASDAQ:GARS) last issued its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 research analysts anticipate that Garrison Capital will post 1.09 EPS for the current year.
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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