Garrison Capital Inc (NASDAQ:GARS)’s stock price passed 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.
Several analysts have recently weighed in on the stock. National Securities downgraded shares of Garrison Capital from a “buy” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $8.00 in a report on Tuesday, May 14th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, TheStreet raised shares of Secureworks from a “d+” rating to a “c-” rating in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Garrison Capital has a consensus rating of “Hold” and a consensus target price of $9.33.
The stock has a market capitalization of $112.66 million, a price-to-earnings ratio of 7.80 and a beta of 0.59. The company’s fifty day moving average price is $6.93. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 2.03.
Garrison Capital (NASDAQ:GARS) last issued its earnings results on Tuesday, May 7th. The investment management company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). The firm had revenue of $10.23 million during the quarter, compared to analysts’ expectations of $10.75 million. Garrison Capital had a negative net margin of 3.06% and a positive return on equity of 8.29%. As a group, equities analysts predict that Garrison Capital Inc will post 0.88 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 13.11%. The ex-dividend date was Thursday, June 6th. Garrison Capital’s dividend payout ratio (DPR) is 91.09%.
A hedge fund recently raised its stake in Garrison Capital stock. Oppenheimer & Co. Inc. lifted its stake in Garrison Capital Inc (NASDAQ:GARS) by 89.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,364 shares of the investment management company’s stock after purchasing an additional 21,838 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.29% of Garrison Capital worth $333,000 as of its most recent SEC filing. 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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