A number of other equities analysts have also recently commented on the company. JMP Securities reissued a hold rating on shares of Garrison Capital in a report on Monday, August 15th. National Securities reaffirmed a neutral rating and issued a $11.00 target price on shares of Garrison Capital in a report on Monday, August 15th. Finally, Robert W. Baird cut Garrison Capital from an outperform rating to a neutral rating and lowered their target price for the stock from $11.00 to $10.00 in a report on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $12.75.
Garrison Capital (NASDAQ:GARS) opened at 9.85 on Wednesday. The stock’s 50 day moving average price is $10.29 and its 200 day moving average price is $10.33. Garrison Capital has a 12-month low of $9.29 and a 12-month high of $14.55.
Garrison Capital (NASDAQ:GARS) last posted its quarterly earnings results on Tuesday, August 9th. The investment management company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.01. Analysts expect that Garrison Capital will post $1.46 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.40 annualized dividend and a dividend yield of 14.21%.
Several large investors have recently modified their holdings of GARS. Clear Harbor Asset Management LLC bought a new stake in shares of Garrison Capital during the first quarter valued at $128,000. JPMorgan Chase & Co. boosted its stake in shares of Garrison Capital by 2,855.3% in the second quarter. JPMorgan Chase & Co. now owns 26,154 shares of the investment management company’s stock valued at $264,000 after buying an additional 25,269 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Garrison Capital by 69.6% in the second quarter. Oppenheimer & Co. Inc. now owns 37,870 shares of the investment management company’s stock valued at $382,000 after buying an additional 15,540 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Garrison Capital by 14.6% in the second quarter. BlackRock Group LTD now owns 73,770 shares of the investment management company’s stock valued at $744,000 after buying an additional 9,385 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Garrison Capital by 115.0% in the second quarter. Janney Montgomery Scott LLC now owns 97,600 shares of the investment management company’s stock valued at $1,076,000 after buying an additional 52,200 shares during the last quarter.
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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