News articles about Garrison Capital (NASDAQ:GARS) have been trending positive on Monday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Garrison Capital earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 46.5238076861111 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of brokerages have weighed in on GARS. Zacks Investment Research downgraded Garrison Capital from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Maxim Group reiterated a “buy” rating and set a $11.00 price target on shares of Garrison Capital in a report on Thursday, November 9th. National Securities reiterated a “neutral” rating and set a $10.00 price target on shares of Garrison Capital in a report on Monday, November 13th. Finally, ValuEngine upgraded Garrison Capital from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.13.
Shares of Garrison Capital (NASDAQ GARS) opened at $8.04 on Monday. 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 company has a market capitalization of $129.68, a PE ratio of 24.36 and a beta of 0.23. Garrison Capital has a 12 month low of $7.77 and a 12 month high of $10.15.
In other news, CEO Joseph Bertrand Tansey bought 7,902 shares of Garrison Capital stock in a transaction dated Tuesday, November 21st. The stock was bought at an average cost of $8.27 per share, for a total transaction of $65,349.54. Following the purchase, the chief executive officer now directly owns 103,796 shares in the company, valued at approximately $858,392.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian S. Chase bought 7,000 shares of Garrison Capital stock in a transaction dated Friday, December 8th. The stock was purchased at an average price of $8.17 per share, with a total value of $57,190.00. Following the completion of the purchase, the chief financial officer now owns 59,135 shares in the company, valued at $483,132.95. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 36,602 shares of company stock valued at $304,732. 5.80% of the stock is currently owned by company insiders.
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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