Garrison Capital (GARS) Receiving Somewhat Favorable Press Coverage, AlphaOne Reports

News headlines about Garrison Capital (NASDAQ:GARS) have been trending somewhat positive this week, Alpha One reports. The research group, a unit of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Garrison Capital earned a news impact score of 0.22 on Alpha One’s scale. Alpha One also gave news stories about the investment management company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near term.

Insider Buying and Selling by Quarter for Garrison Capital (NASDAQ:GARS)

Garrison Capital (NASDAQ:GARS) traded down 0.60% during trading on Monday, hitting $8.31. The stock had a trading volume of 37,070 shares. The company has a 50-day moving average price of $8.96 and a 200-day moving average price of $9.43. Garrison Capital has a 52-week low of $8.25 and a 52-week high of $10.98.

Garrison Capital (NASDAQ:GARS) last released its quarterly earnings data on Tuesday, May 9th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by $0.03. Garrison Capital had a negative net margin of 44.34% and a negative return on equity of 8.20%. The firm had revenue of $8.99 million during the quarter, compared to analysts’ expectations of $9.73 million. On average, analysts anticipate that Garrison Capital will post $1.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.12 dividend on an annualized basis and a yield of 13.48%.

GARS has been the subject of a number of research analyst reports. National Securities reaffirmed a “neutral” rating and set a $11.00 price target on shares of Garrison Capital in a research report on Monday, March 13th. Maxim Group reissued a “buy” rating and issued a $10.50 target price on shares of Garrison Capital in a research report on Thursday, May 11th. Wunderlich downgraded Garrison Capital from a “buy” rating to a “hold” rating and decreased their target price for the stock from $11.00 to $10.00 in a research report on Thursday, March 16th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Garrison Capital in a research report on Friday, May 12th. Finally, CIBC downgraded 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 given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $10.50.

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In related news, CFO Brian S. Chase bought 6,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was acquired at an average price of $8.69 per share, with a total value of $52,140.00. Following the completion of the purchase, the chief financial officer now directly owns 40,125 shares of the company’s stock, valued at $348,686.25. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joseph Bertrand Tansey bought 9,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $8.70 per share, with a total value of $78,300.00. Following the purchase, the chief executive officer now directly owns 103,696 shares of the company’s stock, valued at $902,155.20. The disclosure for this purchase can be found here. Insiders acquired 34,210 shares of company stock valued at $299,712 in the last ninety days.

About Garrison Capital

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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