Garrison Capital Inc (NASDAQ:GARS)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $7.19 and last traded at $7.23, with a volume of 669 shares traded. The stock had previously closed at $7.55.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Garrison Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday. National Securities restated a “buy” rating and issued a $11.00 target price on shares of Garrison Capital in a research note on Monday, November 12th. ValuEngine downgraded shares of Garrison Capital from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Maxim Group upped their target price on shares of Garrison Capital from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, September 26th.
The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.11 and a current ratio of 3.11. The company has a market cap of $116.68 million, a PE ratio of 6.73 and a beta of 0.34.
Garrison Capital (NASDAQ:GARS) last released its quarterly earnings data on Tuesday, November 6th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.05). Garrison Capital had a net margin of 25.90% and a return on equity of 9.39%. The business had revenue of $9.31 million for the quarter, compared to the consensus estimate of $9.78 million. As a group, equities analysts expect that Garrison Capital Inc will post 0.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 12.72%. Garrison Capital’s dividend payout ratio is presently 85.98%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GARS. Millennium Management LLC boosted its stake in shares of Garrison Capital by 24.6% during the first quarter. Millennium Management LLC now owns 30,810 shares of the investment management company’s stock valued at $250,000 after purchasing an additional 6,075 shares in the last quarter. Acadian Asset Management LLC lifted its position in Garrison Capital by 135.2% during the second quarter. Acadian Asset Management LLC now owns 38,131 shares of the investment management company’s stock valued at $310,000 after acquiring an additional 21,920 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in Garrison Capital during the second quarter valued at approximately $211,000. Advisors Asset Management Inc. lifted its position in Garrison Capital by 46.0% during the second quarter. Advisors Asset Management Inc. now owns 274,486 shares of the investment management company’s stock valued at $2,214,000 after acquiring an additional 86,545 shares during the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new stake in Garrison Capital during the third quarter valued at approximately $712,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.
Garrison Capital Company Profile (NASDAQ:GARS)
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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