Stock Worth Watching: Could Garrison Capital Inc Change Direction After Making Yearly Low?

Stock Worth Watching: Could Garrison Capital Inc Change Direction After Making Yearly Low?

The stock of Garrison Capital Inc (NASDAQ:GARS) hit a new 52-week low and has $8.25 target or 10.00% below today’s $9.17 share price. The 5 months bearish chart indicates high risk for the $149.30 million company. The 1-year low was reported on Nov, 10 by Barchart.com. If the $8.25 price target is reached, the company will be worth $14.93M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 52,448 shares traded hands or 40.64% up from the average. Garrison Capital Inc (NASDAQ:GARS) has declined 9.71% since April 8, 2016 and is downtrending. It has underperformed by 15.36% the S&P500.

Garrison Capital Inc (NASDAQ:GARS) Ratings Coverage

Out of 4 analysts covering Garrison Capital (NASDAQ:GARS), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $17 is the highest target while $15 is the lowest. The $15.80 average target is 72.30% above today’s ($9.17) stock price. Garrison Capital has been the topic of 9 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Maxim Group maintained the stock with “Buy” rating in Monday, November 9 report. The firm has “Hold” rating given on Tuesday, August 11 by Zacks. Robert W. Baird downgraded the shares of GARS in a report on Friday, August 12 to “Neutral” rating. On Thursday, March 17 the stock rating was maintained by Stephens with “Overweight”. On Wednesday, August 5 the stock rating was maintained by National Securities with “Buy”. The firm has “Buy” rating by Maxim Group given on Monday, August 10. The stock of Garrison Capital Inc (NASDAQ:GARS) earned “Buy” rating by Zacks on Wednesday, August 5. The firm has “Neutral” rating by Ladenburg Thalmann given on Friday, November 6.

Insitutional Activity: The institutional sentiment increased to 0.94 in Q2 2016. Its up 0.17, from 0.77 in 2016Q1. The ratio improved, as 9 funds sold all Garrison Capital Inc shares owned while 9 reduced positions. 6 funds bought stakes while 11 increased positions. They now own 3.49 million shares or 7.76% less from 3.78 million shares in 2016Q1.
Stephens Ar holds 20,423 shares or 0.01% of its portfolio. Pinebridge Invests L P has 50 shares for 0% of their US portfolio. Ladenburg Thalmann Fin Serv last reported 0.01% of its portfolio in the stock. Cambridge Investment Advsrs owns 11,900 shares or 0% of their US portfolio. Millennium Mgmt Ltd Liability Corp has 23,565 shares for 0% of their US portfolio. Yorktown And Research Inc has 0.14% invested in the company for 60,000 shares. Springbok Capital Limited Company, a New York-based fund reported 100 shares. Geneva Advisors Ltd Company accumulated 40,585 shares or 0.01% of the stock. Morgan Stanley has invested 0% of its portfolio in Garrison Capital Inc (NASDAQ:GARS). Blackrock Group Limited last reported 0% of its portfolio in the stock. Alliancebernstein Ltd Partnership has 0% invested in the company for 311,782 shares. Ares Mngmt Lc accumulated 0.05% or 56,000 shares. Moreover, Advsrs Asset has 0.19% invested in Garrison Capital Inc (NASDAQ:GARS) for 1.17M shares. Muzinich Incorporated last reported 150,653 shares in the company. Wells Fargo & Mn reported 671 shares or 0% of all its holdings.

Insider Transactions: Since June 7, 2016, the stock had 3 buys, and 0 sales for $132,115 net activity. $7,035 worth of Garrison Capital Inc (NASDAQ:GARS) was bought by SHEWMAKER BRUCE W on Thursday, June 9. 10,000 shares were bought by Tansey Joseph Bertrand, worth $104,749 on Tuesday, June 7. 2,000 shares were bought by Westwood Matthew Joseph, worth $20,331 on Thursday, June 9.

More important recent Garrison Capital Inc (NASDAQ:GARS) news were published by: Globenewswire.com which released: “Garrison Capital Inc. Announces Pricing of Collateralized Loan Obligation …” on September 15, 2016, also Equitiesfocus.com published article titled: “Garrison Capital Inc. (NASDAQ:GARS) 200-Day MA At $10.2178”, Globenewswire.com published: “Garrison Capital Inc. Schedules Earnings Release for the First Quarter Ended …” on April 28, 2016. More interesting news about Garrison Capital Inc (NASDAQ:GARS) was released by: Globenewswire.com and their article: “Garrison Capital Inc. Schedules Earnings Release for the Third Quarter Ended …” with publication date: October 27, 2016.

Garrison Capital Inc. is a managed, closed-end, non-diversified management investment company. The company has a market cap of $149.30 million. The Company’s investment objective is to generate current income and capital appreciation by making investments primarily in debt securities and loans of the United States middle-market companies, which it defines as those having annual earnings before interest, taxes and depreciation, or EBITDA, of certain amount. It currently has negative earnings. It invests or provides direct lending in first lien senior secured loans, second lien senior secured loans, one-stop senior secured loans or unitranche loans, subordinated or mezzanine loans, unsecured consumer loans and to a lesser extent, selected equity co-investments in middle-market companies.

GARS Company Profile

Garrison Capital Inc. (GARS), incorporated on November 29, 2010, is a managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by making investments primarily in debt securities and loans of the United States middle-market companies, which it defines as those having annual earnings before interest, taxes and depreciation or EBITDA of certain amount. It invests or provides direct lending in first lien senior secured loans, second lien senior secured loans, one-stop senior secured loans or unitranche loans, subordinated or mezzanine loans, unsecured consumer loans and to a lesser extent, selected equity co-investments in middle-market companies. The Firm intends to generate risk-adjusted net returns by assembling a portfolio of investments.

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