Garrison Capital (NASDAQ:GARS) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Garrison Capital (NASDAQ:GARS) from a hold rating to a buy rating in a report published on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research cut shares of Garrison Capital from a buy rating to a hold rating in a research report on Wednesday, November 13th.

Shares of NASDAQ:GARS opened at $6.02 on Tuesday. Garrison Capital has a 52 week low of $5.50 and a 52 week high of $7.65. The company’s 50 day moving average is $6.31 and its two-hundred day moving average is $6.79. The company has a market cap of $97.10 million, a PE ratio of 5.96 and a beta of 0.53. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 2.28.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 9.97%. The ex-dividend date is Thursday, December 5th. Garrison Capital’s dividend payout ratio (DPR) is 91.09%.

Several large investors have recently added to or reduced their stakes in GARS. JPMorgan Chase & Co. increased its holdings in shares of Garrison Capital by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 26,075 shares of the investment management company’s stock valued at $180,000 after acquiring an additional 2,400 shares during the last quarter. FNY Investment Advisers LLC lifted its stake in Garrison Capital by 46.5% during the third quarter. FNY Investment Advisers LLC now owns 17,000 shares of the investment management company’s stock worth $117,000 after purchasing an additional 5,399 shares during the last quarter. Stephens Inc. AR lifted its stake in Garrison Capital by 27.9% during the third quarter. Stephens Inc. AR now owns 28,578 shares of the investment management company’s stock worth $197,000 after purchasing an additional 6,237 shares during the last quarter. Clear Harbor Asset Management LLC boosted its holdings in Garrison Capital by 18.0% in the third quarter. Clear Harbor Asset Management LLC now owns 152,264 shares of the investment management company’s stock valued at $1,052,000 after purchasing an additional 23,250 shares in the last quarter. Finally, Rivernorth Capital Management LLC boosted its holdings in Garrison Capital by 4.7% in the third quarter. Rivernorth Capital Management LLC now owns 1,159,976 shares of the investment management company’s stock valued at $8,015,000 after purchasing an additional 52,268 shares in the last quarter. 27.78% of the stock is owned by institutional investors and hedge funds.

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.

See Also: Cost of Capital Explained

To view ValuEngine’s full report, visit ValuEngine’s official website.

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