Shares of Garrison Capital Inc (NASDAQ:GARS) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as low as $6.97. Garrison Capital shares last traded at $7.00, with a volume of 260 shares trading hands.
A number of research analysts have commented on GARS shares. TheStreet upgraded Secureworks from a “d+” rating to a “c-” rating in a research report on Monday, April 22nd. National Securities lowered Garrison Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $10.00 to $8.00 in a research report on Tuesday, May 14th. Finally, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Garrison Capital currently has an average rating of “Hold” and a consensus target price of $9.33.
The stock has a market cap of $112.35 million, a PE ratio of 6.95 and a beta of 0.59. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 2.03. The stock’s 50-day simple moving average is $6.93.
Garrison Capital (NASDAQ:GARS) last announced its quarterly earnings data on Tuesday, May 7th. The investment management company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.01). Garrison Capital had a negative net margin of 3.06% and a positive return on equity of 8.29%. The firm had revenue of $10.23 million during the quarter, compared to the consensus estimate of $10.75 million. As a group, equities analysts forecast that Garrison Capital Inc will post 0.88 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.92 annualized dividend and a dividend yield of 13.11%. Garrison Capital’s dividend payout ratio is currently 91.09%.
Several large investors have recently bought and sold shares of the company. Squarepoint Ops LLC bought a new position in Garrison Capital during the fourth quarter worth about $76,000. Stephens Inc. AR lifted its holdings in Garrison Capital by 19.6% during the fourth quarter. Stephens Inc. AR now owns 26,809 shares of the investment management company’s stock worth $172,000 after acquiring an additional 4,395 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Garrison Capital by 89.0% during the first quarter. Oppenheimer & Co. Inc. now owns 46,364 shares of the investment management company’s stock worth $333,000 after acquiring an additional 21,838 shares in the last quarter. Institutional investors and hedge funds own 25.61% of the company’s stock.
About Garrison Capital (NASDAQ:GARS)
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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