Alliancebernstein L.P. cut its stake in shares of Garrison Capital Inc. (NASDAQ:GARS) by 56.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,868 shares of the investment management company’s stock after selling 62,486 shares during the period. Alliancebernstein L.P.’s holdings in Garrison Capital were worth $395,000 at the end of the most recent quarter.

Separately, Alpine Woods Capital Investors LLC raised its position in shares of Garrison Capital by 81.8% during the second quarter. Alpine Woods Capital Investors LLC now owns 20,000 shares of the investment management company’s stock worth $165,000 after purchasing an additional 9,000 shares during the period. Institutional investors own 21.60% of the company’s stock.

Garrison Capital Inc. (NASDAQ GARS) opened at $8.21 on Tuesday. The company has a quick ratio of 4.58, a current ratio of 4.58 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $131.60, a price-to-earnings ratio of 8.04 and a beta of 0.24.

Garrison Capital (NASDAQ:GARS) last issued its earnings results on Tuesday, August 8th. The investment management company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. Garrison Capital had a positive return on equity of 8.33% and a negative net margin of 0.38%. The company had revenue of $9.03 million for the quarter, compared to analyst estimates of $9.08 million. equities research analysts predict that Garrison Capital Inc. will post 1.11 EPS for the current year.

A number of equities research analysts have recently issued reports on GARS shares. Zacks Investment Research raised Garrison Capital from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Tuesday, October 24th. ValuEngine raised Garrison Capital from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, National Securities reaffirmed a “neutral” rating and set a $10.00 target price on shares of Garrison Capital in a research report on Monday, August 14th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $10.00.

TRADEMARK VIOLATION NOTICE: This article was first reported by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.watchlistnews.com/garrison-capital-inc-gars-shares-sold-by-alliancebernstein-l-p/1684517.html.

In related news, CFO Brian S. Chase purchased 4,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $8.07 per share, for a total transaction of $32,280.00. Following the purchase, the chief financial officer now owns 46,135 shares in the company, valued at approximately $372,309.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders acquired 8,000 shares of company stock worth $65,190. Insiders own 5.80% 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.

Institutional Ownership 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 Analyst Ratings Network's FREE daily email newsletter.