Garrison Capital (GARS) Stock Rating Lowered by TheStreet

TheStreet cut shares of Garrison Capital (NASDAQ:GARS) from a c rating to a d+ rating in a report published on Monday, TheStreetRatingsTable reports.

Several other brokerages have also issued reports on GARS. Zacks Investment Research lowered Garrison Capital from a buy rating to a hold rating in a research report on Monday, March 11th. National Securities decreased their target price on Garrison Capital from $11.00 to $10.00 and set a buy rating for the company in a research report on Monday, March 11th. Finally, ValuEngine lowered Garrison Capital from a sell rating to a strong sell rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Garrison Capital currently has a consensus rating of Hold and an average price target of $10.00.

GARS opened at $7.21 on Monday. The company has a market cap of $115.56 million, a price-to-earnings ratio of 7.14 and a beta of 0.67. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.75 and a quick ratio of 1.75. Garrison Capital has a one year low of $6.03 and a one year high of $8.95.

Garrison Capital (NASDAQ:GARS) last released its quarterly earnings results on Tuesday, March 5th. The investment management company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). The business had revenue of $9.56 million for the quarter, compared to the consensus estimate of $9.50 million. Garrison Capital had a negative net margin of 4.06% and a positive return on equity of 9.02%. Equities research analysts forecast that Garrison Capital will post 0.9 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 22nd were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 12.76%. The ex-dividend date of this dividend was Thursday, March 21st. Garrison Capital’s dividend payout ratio is currently 91.09%.

In related news, COO Brian S. Chase purchased 11,900 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average price of $7.47 per share, for a total transaction of $88,893.00. Following the purchase, the chief operating officer now directly owns 67,135 shares of the company’s stock, valued at approximately $501,498.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel Hahn purchased 7,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $7.41 per share, for a total transaction of $56,316.00. Following the purchase, the chief financial officer now directly owns 13,200 shares in the company, valued at $97,812. The disclosure for this purchase can be found here. Insiders bought a total of 67,632 shares of company stock valued at $504,202 in the last three months. Corporate insiders own 6.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of GARS. Stilwell Value LLC purchased a new stake in shares of Garrison Capital in the 4th quarter worth approximately $726,000. Advisors Asset Management Inc. grew its stake in shares of Garrison Capital by 22.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 333,252 shares of the investment management company’s stock worth $2,759,000 after buying an additional 60,950 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Garrison Capital by 27.1% in the 4th quarter. Acadian Asset Management LLC now owns 90,335 shares of the investment management company’s stock worth $582,000 after buying an additional 19,282 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Garrison Capital in the 4th quarter worth approximately $76,000. Finally, Stephens Inc. AR grew its stake in shares of Garrison Capital by 19.6% in the 4th quarter. Stephens Inc. AR now owns 26,809 shares of the investment management company’s stock worth $172,000 after buying an additional 4,395 shares during the last quarter. Institutional investors own 26.65% of the company’s stock.

Garrison Capital Company Profile

Garrison Capital Inc is a business development company specializing in investments primarily in the debt and equity of middle market companies. It seeks to invest in first lien senior secured loans, second lien senior secured loans, “one-stop” senior secured or “unitranche” loans, subordinated or mezzanine loans, unsecured consumer loans and to a lesser extent, selected equity co-investments in middle-market companies, warrants and minority equity securities in United States middle-market companies.

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