Stephens Inc. AR boosted its stake in Garrison Capital Inc (NASDAQ:GARS) by 14.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,607 shares of the investment management company’s stock after buying an additional 2,673 shares during the period. Stephens Inc. AR owned 0.13% of Garrison Capital worth $211,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Baird Financial Group Inc. raised its stake in Garrison Capital by 1.3% in the first quarter. Baird Financial Group Inc. now owns 53,650 shares of the investment management company’s stock valued at $525,000 after buying an additional 700 shares during the period. Blair William & Co. IL raised its stake in Garrison Capital by 1.1% in the first quarter. Blair William & Co. IL now owns 70,650 shares of the investment management company’s stock valued at $712,000 after buying an additional 750 shares during the period. Finally, Two Sigma Investments LP raised its stake in Garrison Capital by 3.4% in the fourth quarter. Two Sigma Investments LP now owns 75,575 shares of the investment management company’s stock valued at $707,000 after buying an additional 2,500 shares during the period.

Institutional Ownership by Quarter for Garrison Capital (NASDAQ:GARS)

Garrison Capital Inc (NASDAQ GARS) traded up 0.48% during midday trading on Friday, reaching $8.36. 28,404 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $8.96 and its 200 day moving average price is $9.43. The firm’s market cap is $134.17 million. Garrison Capital Inc has a 1-year low of $8.25 and a 1-year high of $10.98.

Garrison Capital (NASDAQ:GARS) last issued its earnings results on Tuesday, May 9th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The company had revenue of $8.99 million for the quarter, compared to analyst estimates of $9.73 million. Equities research analysts anticipate that Garrison Capital Inc will post $1.11 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 13.40%. The ex-dividend date of this dividend is Wednesday, June 7th.

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Several research firms have weighed in on GARS. Maxim Group reiterated a “buy” rating and issued a $10.50 target price on shares of Garrison Capital in a report on Thursday, May 11th. Zacks Investment Research lowered shares of Garrison Capital from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. ValuEngine lowered shares of Garrison Capital from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. National Securities cut their target price on shares of Garrison Capital from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, May 15th. Finally, CIBC lowered shares of Garrison Capital from an “outperform” rating to a “market perform” rating in a report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.50.

In related news, CEO Joseph Bertrand Tansey bought 16,700 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average cost of $8.83 per share, with a total value of $147,461.00. Following the completion of the purchase, the chief executive officer now directly owns 82,996 shares in the company, valued at $732,854.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian S. Chase bought 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average cost of $8.69 per share, for a total transaction of $52,140.00. Following the completion of the purchase, the chief financial officer now owns 40,125 shares of the company’s stock, valued at $348,686.25. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 34,210 shares of company stock worth $299,712.

Garrison Capital Company Profile

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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