Garrison Capital Inc. (NASDAQ:GARS) CEO Joseph Bertrand Tansey purchased 9,900 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was bought at an average cost of $8.42 per share, with a total value of $83,358.00. Following the completion of the acquisition, the chief executive officer now directly owns 123,696 shares of the company’s stock, valued at approximately $1,041,520.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 stock was bought at an average cost of $8.27 per share, with a total value of $65,349.54.
Garrison Capital Inc. (NASDAQ GARS) opened at $8.52 on Tuesday. Garrison Capital Inc. has a twelve month low of $7.77 and a twelve month high of $10.15. The stock has a market capitalization of $135.94, a P/E ratio of 7.56 and a beta of 0.24. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders 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 dividend yield of 13.15%. The ex-dividend date of this dividend is Thursday, December 7th. Garrison Capital’s payout ratio is 329.41%.
A number of research analysts have issued reports on GARS shares. ValuEngine downgraded Garrison Capital from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Garrison Capital from a “hold” rating to a “sell” rating in a report on Monday, October 16th. National Securities reissued a “neutral” rating and issued a $10.00 price target on shares of Garrison Capital in a report on Monday, August 14th. Finally, Maxim Group reissued a “buy” rating and issued a $11.00 price target on shares of Garrison Capital in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $10.13.
Several hedge funds have recently made changes to their positions in the company. Caxton Corp raised its stake in shares of 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 position in shares of Garrison Capital during the 2nd quarter worth approximately $816,000. Oppenheimer & Co. Inc. raised its stake in shares of 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% during the 2nd quarter. Stephens Inc. AR now owns 30,274 shares of the investment management company’s stock worth $250,000 after buying an additional 8,667 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Garrison Capital during the 2nd quarter worth approximately $178,000. 24.22% of the stock is owned by institutional investors and hedge funds.
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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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