Garrison Capital Inc (NASDAQ:GARS) declared a quarterly dividend on Tuesday, November 12th, Zacks reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.15 per share by the investment management company on Friday, December 20th. This represents a $0.60 annualized dividend and a dividend yield of 9.84%. The ex-dividend date is Thursday, December 5th.
Shares of GARS stock traded up $0.04 during mid-day trading on Tuesday, reaching $6.10. The stock had a trading volume of 20 shares, compared to its average volume of 49,401. The firm has a market capitalization of $97.10 million, a PE ratio of 6.01 and a beta of 0.53. The stock’s 50-day moving average price is $6.32 and its two-hundred day moving average price is $6.79. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 2.28. Garrison Capital has a 52-week low of $5.50 and a 52-week high of $7.87.
GARS has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Garrison Capital from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. ValuEngine raised shares of Garrison Capital from a “hold” rating to a “buy” rating in a research report on Tuesday.
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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