Media coverage about Garrison Capital (NASDAQ:GARS) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Garrison Capital earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 83 out of 100, meaning that recent media coverage is very likely to have an impact on the stock’s share price in the next few days.
Garrison Capital (NASDAQ:GARS) remained flat at $8.25 during trading on Tuesday. The stock had a trading volume of 30,735 shares. The company’s 50 day moving average price is $8.60 and its 200-day moving average price is $9.37. Garrison Capital has a one year low of $8.20 and a one year high of $10.98.
Garrison Capital (NASDAQ:GARS) last released its quarterly earnings results on Tuesday, May 9th. The investment management company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $8.99 million during the quarter, compared to analyst estimates of $9.73 million. On average, equities research analysts forecast that Garrison Capital will post $1.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were paid a $0.28 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $1.12 annualized dividend and a dividend yield of 13.58%.
A number of research analysts recently issued reports on GARS shares. National Securities reiterated a “neutral” rating and issued a $11.00 target price on shares of Garrison Capital in a research note on Monday, March 13th. Wunderlich lowered shares of Garrison Capital from a “buy” rating to a “hold” rating and decreased their price target for the stock from $11.00 to $10.00 in a research report on Thursday, March 16th. Maxim Group restated a “buy” rating and issued a $10.50 price target on shares of Garrison Capital in a research report on Thursday, May 11th. Zacks Investment Research lowered shares of Garrison Capital from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Finally, Citigroup Inc. restated a “market perform” rating on shares of Garrison Capital in a research report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Garrison Capital currently has a consensus rating of “Hold” and an average price target of $10.50.
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In other news, CEO Joseph Bertrand Tansey acquired 9,000 shares of Garrison Capital stock in a transaction on Wednesday, May 17th. The shares were purchased at an average cost of $8.70 per share, for a total transaction of $78,300.00. Following the completion of the purchase, the chief executive officer now directly owns 103,696 shares of the company’s stock, valued at approximately $902,155.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brian S. Chase acquired 6,000 shares of Garrison Capital stock in a transaction on Tuesday, May 16th. The shares were purchased at an average price of $8.69 per share, for a total transaction 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 disclosure for this purchase can be found here. Insiders purchased 34,210 shares of company stock worth $299,712 over the last 90 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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