Zacks Investment Research downgraded Garrison Capital Inc (NASDAQ:GARS) to Sell in a statement released earlier today.
- Updated: October 15, 2016
Zacks Investment Research has downgraded Garrison Capital Inc (NASDAQ:GARS) to Sell in a statement released on Wednesday October 12, 2016.
On 8/12/2016, Robert W. Baird released a statement on Garrison Capital Inc (NASDAQ:GARS) dropped the target price from $11.00 to $10.00 that suggested a downside of -0.05%.
Having a price of $9.99, Garrison Capital Inc (NASDAQ:GARS) traded -0.60% lower on the day. With the last close down -3.80% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. GARS has recorded a 50-day moving average of $10.31 and a 200-day moving average of $10.34. 25,329 shares of GARS traded hands, down from an average trading volume of 48,029
Recent Performance Chart
Garrison Capital Inc has 52 week low of $9.29 and a 52 week high of $14.55 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 7 brokerages have issued a ratings update on the company. The average stock price target is $13.29 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Garrison Capital Inc (NASDAQ:GARS)
Garrison Capital Inc. 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-based 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 Company intends to generate risk-adjusted net returns by assembling a portfolio of investments. The Company's investment advisor is Garrison Capital Advisers LLC.
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