Garrison Capital Inc. (GARS) Upgraded at ValuEngine
Garrison Capital Inc. (NASDAQ:GARS) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Monday.
A number of other research firms have also weighed in on GARS. Zacks Investment Research lowered shares of Garrison Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 16th. National Securities reiterated a “neutral” rating and set a $10.00 price objective on shares of Garrison Capital in a report on Monday, August 14th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Garrison Capital presently has a consensus rating of “Hold” and a consensus target price of $9.94.
Garrison Capital (NASDAQ:GARS) traded down 0.12% on Monday, hitting $8.42. 28,420 shares of the stock were exchanged. The firm’s market cap is $135.13 million. Garrison Capital has a 12 month low of $7.77 and a 12 month high of $10.16. The company has a 50-day moving average of $8.42 and a 200 day moving average of $8.75.
Garrison Capital (NASDAQ:GARS) last posted its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $9.03 million during the quarter, compared to the consensus estimate of $9.08 million. Garrison Capital had a negative net margin of 0.38% and a positive return on equity of 8.33%. Equities research analysts expect that Garrison Capital will post $1.10 earnings per share for the current fiscal year.
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In related news, CFO Brian S. Chase purchased 4,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $8.07 per share, with a total value of $32,280.00. Following the transaction, the chief financial officer now owns 46,135 shares of the company’s stock, valued at approximately $372,309.45. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 8,000 shares of company stock valued at $65,190 in the last quarter. 5.80% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new position in Garrison Capital during the 2nd quarter worth $178,000. Goldman Sachs Group Inc. bought a new stake in shares of Garrison Capital in the 2nd quarter worth $129,000. Caxton Corp raised its holdings in shares of Garrison Capital by 4.0% in the second quarter. Caxton Corp now owns 68,702 shares of the investment management company’s stock valued at $567,000 after purchasing an additional 2,629 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Garrison Capital by 40.1% in the second quarter. Stephens Inc. AR now owns 30,274 shares of the investment management company’s stock valued at $250,000 after purchasing an additional 8,667 shares during the last quarter. Finally, AJO LP purchased a new stake in shares of Garrison Capital in the second quarter valued at about $816,000. 22.03% of the stock is currently owned by hedge funds and other institutional investors.
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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