Garrison Capital (NASDAQ:GARS) Share Price Crosses Above 50-Day Moving Average of $6.98

Garrison Capital Inc (NASDAQ:GARS) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $6.98 and traded as high as $6.96. Garrison Capital shares last traded at $6.96, with a volume of 101 shares changing hands.

A number of analysts have issued reports on GARS shares. Zacks Investment Research raised Garrison Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 16th. ValuEngine lowered Garrison Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. TheStreet lowered Garrison Capital from a “c” rating to a “d+” rating in a research report on Monday, April 22nd. Finally, National Securities lowered Garrison Capital from a “buy” rating to a “neutral” rating and cut their target price for the company from $10.00 to $8.00 in a research report on Tuesday, May 14th. One equities research 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. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.33.

The firm has a 50-day simple moving average of $6.98. The company has a debt-to-equity ratio of 2.03, a quick ratio of 3.83 and a current ratio of 3.83. The company has a market capitalization of $112.35 million, a price-to-earnings ratio of 6.93 and a beta of 0.58.

Institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in shares of Garrison Capital during the second quarter worth $80,000. Squarepoint Ops LLC purchased a new stake in shares of Garrison Capital during the fourth quarter worth $76,000. JPMorgan Chase & Co. increased its position in shares of Garrison Capital by 10.1% during the second quarter. JPMorgan Chase & Co. now owns 26,075 shares of the investment management company’s stock worth $180,000 after acquiring an additional 2,400 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of 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 during the period. Finally, Clear Harbor Asset Management LLC increased its position in shares of Garrison Capital by 39.5% during the second quarter. Clear Harbor Asset Management LLC now owns 129,014 shares of the investment management company’s stock worth $890,000 after acquiring an additional 36,558 shares during the period. 25.89% of the stock is currently owned by institutional investors and hedge funds.

Garrison Capital Company Profile (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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