88,787 Shares in Garrison Capital Inc (GARS) Acquired by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC acquired a new stake in shares of Garrison Capital Inc (NASDAQ:GARS) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 88,787 shares of the investment management company’s stock, valued at approximately $712,000.

Other large investors have also recently modified their holdings of the company. Macquarie Group Ltd. purchased a new position in Garrison Capital during the second quarter valued at approximately $211,000. Millennium Management LLC grew its stake in Garrison Capital by 24.6% during the first quarter. Millennium Management LLC now owns 30,810 shares of the investment management company’s stock valued at $250,000 after acquiring an additional 6,075 shares in the last quarter. Acadian Asset Management LLC grew its stake in Garrison Capital by 135.2% during the second quarter. Acadian Asset Management LLC now owns 38,131 shares of the investment management company’s stock valued at $310,000 after acquiring an additional 21,920 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Garrison Capital by 44.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 272,302 shares of the investment management company’s stock worth $2,214,000 after buying an additional 84,361 shares in the last quarter. 25.59% of the stock is owned by institutional investors.

GARS stock opened at $8.00 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.56 and a quick ratio of 1.56. Garrison Capital Inc has a one year low of $7.77 and a one year high of $8.95. The company has a market capitalization of $128.39 million, a price-to-earnings ratio of 7.21 and a beta of 0.30.



Garrison Capital (NASDAQ:GARS) last released its quarterly earnings results on Tuesday, August 7th. The investment management company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). Garrison Capital had a return on equity of 9.53% and a net margin of 33.79%. The company had revenue of $9.69 million during the quarter, compared to analysts’ expectations of $9.88 million. As a group, equities research analysts forecast that Garrison Capital Inc will post 1.12 earnings per share for the current fiscal year.

A number of research firms have commented on GARS. Zacks Investment Research raised shares of Garrison Capital from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a research note on Tuesday, July 17th. Maxim Group boosted their price target on shares of Garrison Capital from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, September 26th. National Securities boosted their price target on shares of Garrison Capital from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Finally, ValuEngine raised shares of Garrison Capital from a “sell” rating to a “hold” rating in a research note on Wednesday.

About Garrison Capital

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.

See Also: Understanding Analyst Ratings

Want to see what other hedge funds are holding GARS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Garrison Capital Inc (NASDAQ:GARS).

Institutional Ownership by Quarter for Garrison Capital (NASDAQ:GARS)

Receive News & Ratings for Garrison Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Garrison Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply