Analysts Set Garrison Capital Inc. (GARS) Target Price at $10.17

Shares of Garrison Capital Inc. (NASDAQ:GARS) have received a consensus rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $10.17.

A number of research firms have recently commented on GARS. ValuEngine upgraded shares of Garrison Capital from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research cut shares of Garrison Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, National Securities restated a “neutral” rating and issued a $10.00 price target on shares of Garrison Capital in a report on Monday, August 14th.

In other Garrison Capital news, CFO Brian S. Chase bought 4,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $8.07 per share, for a total transaction of $32,280.00. Following the acquisition, the chief financial officer now directly owns 46,135 shares in the company, valued at $372,309.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have acquired 8,000 shares of company stock worth $65,190. 5.80% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the business. UBS Group AG grew its holdings in Garrison Capital by 20.3% during the 1st quarter. UBS Group AG now owns 442,062 shares of the investment management company’s stock worth $4,324,000 after acquiring an additional 74,540 shares in the last quarter. AJO LP bought a new position in Garrison Capital during the 2nd quarter worth about $816,000. Ares Management LLC grew its holdings in Garrison Capital by 0.8% during the 1st quarter. Ares Management LLC now owns 309,244 shares of the investment management company’s stock worth $3,024,000 after acquiring an additional 2,500 shares in the last quarter. Stephens Inc. AR grew its holdings in Garrison Capital by 40.1% during the 2nd quarter. Stephens Inc. AR now owns 30,274 shares of the investment management company’s stock worth $250,000 after acquiring an additional 8,667 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Garrison Capital by 35.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 53,727 shares of the investment management company’s stock worth $444,000 after acquiring an additional 14,093 shares in the last quarter. Institutional investors own 22.03% of the company’s stock.

Garrison Capital (GARS) remained flat at $8.39 during midday trading on Friday. The stock had a trading volume of 3,955 shares. The stock’s 50-day moving average price is $8.45 and its 200-day moving average price is $8.69. Garrison Capital has a 52 week low of $7.77 and a 52 week high of $10.15.

Garrison Capital (NASDAQ:GARS) last posted its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $9.03 million for the quarter, compared to analysts’ expectations 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 year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 13.35%. The ex-dividend date of this dividend was Thursday, September 7th.

COPYRIGHT VIOLATION WARNING: This report was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/10/analysts-set-garrison-capital-inc-gars-target-price-at-10-17.html.

Garrison Capital Company Profile

Garrison Capital Inc is a managed, closed-end, non-diversified management investment company. The Company’s inve

A number of research firms have recently commented on GARS. ValuEngine upgraded shares of Garrison Capital from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research cut shares of Garrison Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, National Securities restated a “neutral” rating and issued a $10.00 price target on shares of Garrison Capital in a report on Monday, August 14th.

In other Garrison Capital news, CFO Brian S. Chase bought 4,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $8.07 per share, for a total transaction of $32,280.00. Following the acquisition, the chief financial officer now directly owns 46,135 shares in the company, valued at $372,309.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have acquired 8,000 shares of company stock worth $65,190. 5.80% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the business. UBS Group AG grew its holdings in Garrison Capital by 20.3% during the 1st quarter. UBS Group AG now owns 442,062 shares of the investment management company’s stock worth $4,324,000 after acquiring an additional 74,540 shares in the last quarter. AJO LP bought a new position in Garrison Capital during the 2nd quarter worth about $816,000. Ares Management LLC grew its holdings in Garrison Capital by 0.8% during the 1st quarter. Ares Management LLC now owns 309,244 shares of the investment management company’s stock worth $3,024,000 after acquiring an additional 2,500 shares in the last quarter. Stephens Inc. AR grew its holdings in Garrison Capital by 40.1% during the 2nd quarter. Stephens Inc. AR now owns 30,274 shares of the investment management company’s stock worth $250,000 after acquiring an additional 8,667 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Garrison Capital by 35.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 53,727 shares of the investment management company’s stock worth $444,000 after acquiring an additional 14,093 shares in the last quarter. Institutional investors own 22.03% of the company’s stock.

Garrison Capital (GARS) remained flat at $8.39 during midday trading on Friday. The stock had a trading volume of 3,955 shares. The stock’s 50-day moving average price is $8.45 and its 200-day moving average price is $8.69. Garrison Capital has a 52 week low of $7.77 and a 52 week high of $10.15.

Garrison Capital (NASDAQ:GARS) last posted its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $9.03 million for the quarter, compared to analysts’ expectations 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 year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 13.35%. The ex-dividend date of this dividend was Thursday, September 7th.

COPYRIGHT VIOLATION WARNING: This report was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/10/analysts-set-garrison-capital-inc-gars-target-price-at-10-17.html.

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.

Analyst Recommendations for Garrison Capital (NASDAQ:GARS)

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