Garrison Capital Inc (GARS) CFO Buys $56,316.00 in Stock
Garrison Capital Inc (NASDAQ:GARS) CFO Daniel Hahn purchased 7,600 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average cost of $7.41 per share, with a total value of $56,316.00. Following the acquisition, the chief financial officer now owns 13,200 shares in the company, valued at approximately $97,812. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
GARS stock traded down $0.04 during trading on Friday, reaching $7.50. 33,962 shares of the company were exchanged, compared to its average volume of 35,448. The stock has a market cap of $121.02 million, a price-to-earnings ratio of 7.43 and a beta of 0.68. Garrison Capital Inc has a twelve month low of $6.03 and a twelve month high of $8.95. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.75 and a quick ratio of 1.75.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 22nd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 12.27%. The ex-dividend date of this dividend is Thursday, March 21st. Garrison Capital’s dividend payout ratio is 91.09%.
Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC acquired a new position in Garrison Capital during the 4th quarter worth approximately $76,000. National Asset Management Inc. increased its position in Garrison Capital by 24.8% during the 4th quarter. National Asset Management Inc. now owns 18,603 shares of the investment management company’s stock worth $120,000 after purchasing an additional 3,700 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Garrison Capital during the 3rd quarter worth approximately $122,000. Oppenheimer & Co. Inc. increased its position in Garrison Capital by 18.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 24,526 shares of the investment management company’s stock worth $158,000 after purchasing an additional 3,901 shares in the last quarter. Finally, Stephens Inc. AR increased its position in Garrison Capital by 19.6% during the 4th quarter. Stephens Inc. AR now owns 26,809 shares of the investment management company’s stock worth $172,000 after purchasing an additional 4,395 shares in the last quarter. Institutional investors and hedge funds own 26.65% of the company’s stock.
Garrison Capital Company Profile
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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