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.
WARNING: “Joseph Bertrand Tansey Acquires 9,900 Shares of Garrison Capital Inc. (GARS) Stock” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://ledgergazette.com/2017/12/06/joseph-bertrand-tansey-acquires-9900-shares-of-garrison-capital-inc-gars-stock.html.
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.
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 MarketBeat.com's FREE daily email newsletter.