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.
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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