Joseph Bertrand Tansey Acquires 9,900 Shares of Garrison Capital Inc. (GARS) Stock

Garrison Capital Inc. (NASDAQ:GARS) CEO Joseph Bertrand Tansey purchased 9,900 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average price of $8.42 per share, for a total transaction of $83,358.00. Following the completion of the transaction, the chief executive officer now owns 123,696 shares in the company, valued at $1,041,520.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Joseph Bertrand Tansey also recently made the following trade(s):

  • On Tuesday, November 21st, Joseph Bertrand Tansey purchased 7,902 shares of Garrison Capital stock. The shares were acquired at an average price of $8.27 per share, for a total transaction of $65,349.54.

Garrison Capital Inc. (NASDAQ GARS) opened at $8.51 on Wednesday. Garrison Capital Inc. has a 12-month low of $7.77 and a 12-month high of $10.15. The company has a debt-to-equity ratio of 1.07, a current ratio of 10.29 and a quick ratio of 10.29. The stock has a market capitalization of $136.74, a price-to-earnings ratio of 7.61 and a beta of 0.24.

Garrison Capital (NASDAQ:GARS) last issued its quarterly earnings data on Tuesday, November 7th. The investment management company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.02). The business had revenue of $8.90 million for the quarter. Garrison Capital had a return on equity of 9.33% and a net margin of 14.66%. research analysts anticipate that Garrison Capital Inc. will post 1.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 13.16%. The ex-dividend date is Thursday, December 7th. Garrison Capital’s payout ratio is presently 329.41%.

A number of institutional investors have recently modified their holdings of the stock. Caxton Corp raised its stake in Garrison Capital by 1,137.2% during the 3rd quarter. Caxton Corp now owns 850,000 shares of the investment management company’s stock worth $7,166,000 after buying an additional 781,298 shares during the period. AJO LP acquired a new stake in Garrison Capital during the 2nd quarter worth $816,000. Oppenheimer & Co. Inc. raised its stake 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 buying an additional 14,093 shares during the period. Stephens Inc. AR raised its stake in shares of Garrison Capital by 40.1% in the 2nd 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 period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Garrison Capital in the 2nd quarter valued at about $178,000. 24.22% of the stock is currently owned by institutional investors and hedge funds.

GARS has been the topic of a number of recent research reports. Maxim Group reiterated a “buy” rating and issued a $11.00 price objective on shares of Garrison Capital in a research report on Thursday, November 9th. Zacks Investment Research lowered Garrison Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. ValuEngine lowered Garrison Capital from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, National Securities reiterated a “neutral” rating and issued a $10.00 price objective on shares of Garrison Capital in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $10.13.

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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.

Insider Buying and Selling by Quarter for Garrison Capital (NASDAQ:GARS)

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