News stories about Garrison Capital (NASDAQ:GARS) have trended somewhat negative recently, AlphaOne Sentiment reports. The research firm, a division of Accern, rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Garrison Capital earned a media sentiment score of -0.06 on AlphaOne’s scale. AlphaOne also gave news headlines about the investment management company an impact score of 41 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 research firms recently issued reports on GARS. Maxim Group restated a “buy” rating and set a $10.50 target price on shares of Garrison Capital in a research report on Thursday, May 11th. Zacks Investment Research downgraded shares of Garrison Capital from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. ValuEngine downgraded shares of Garrison Capital from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. National Securities decreased their price objective on shares of Garrison Capital from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, May 15th. Finally, CIBC downgraded shares of Garrison Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, May 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.50.
Shares of Garrison Capital (NASDAQ GARS) traded up 0.48% on Friday, hitting $8.36. 28,404 shares of the company’s stock were exchanged. Garrison Capital has a 12-month low of $8.25 and a 12-month high of $10.98. The stock’s market cap is $134.17 million. The company’s 50-day moving average price is $8.96 and its 200 day moving average price is $9.43.
Garrison Capital (NASDAQ:GARS) last announced its quarterly earnings data on Tuesday, May 9th. The investment management company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The company had revenue of $8.99 million for the quarter, compared to analysts’ expectations of $9.73 million. On average, equities analysts predict that Garrison Capital will post $1.11 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 13.40%. The ex-dividend date of this dividend is Wednesday, June 7th.
In related news, CEO Joseph Bertrand Tansey acquired 16,700 shares of Garrison Capital stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average price of $8.83 per share, for a total transaction of $147,461.00. Following the completion of the purchase, the chief executive officer now directly owns 82,996 shares of the company’s stock, valued at $732,854.68. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian S. Chase acquired 6,000 shares of Garrison Capital stock in a transaction that occurred on Tuesday, May 16th. The stock was bought at an average price of $8.69 per share, with a total value of $52,140.00. Following the purchase, the chief financial officer now directly owns 40,125 shares of the company’s stock, valued at $348,686.25. The disclosure for this purchase can be found here. Insiders purchased 34,210 shares of company stock valued at $299,712 in the last quarter.
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Garrison Capital Company Profile
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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