Price Action to Note: What’s Propelling Garrison Capital Inc to Reach All-Time Low?

Price Action to Note: What's Propelling Garrison Capital Inc to Reach All Time Low?

The stock of Garrison Capital Inc (NASDAQ:GARS) reached all time low today, Nov, 10 and still has $8.04 target or 13.00% below today’s $9.24 share price. This indicates more downside for the $150.46 million company. This technical setup was reported by Barchart.com. If the $8.04 PT is reached, the company will be worth $19.56 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 87,483 shares traded hands or 134.59% 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. Garrison Capital has been the topic of 9 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Zacks given on Tuesday, August 11. Maxim Group maintained the shares of GARS in a report on Monday, August 10 with “Buy” rating. Stephens maintained it with “Overweight” rating and $16 target price in Thursday, March 17 report. The stock of Garrison Capital Inc (NASDAQ:GARS) has “Neutral” rating given on Friday, November 6 by Ladenburg Thalmann. The stock of Garrison Capital Inc (NASDAQ:GARS) earned “Neutral” rating by Robert W. Baird on Friday, August 12. The company was downgraded on Wednesday, August 5 by Zacks. On Monday, November 9 the stock rating was maintained by Maxim Group with “Buy”. The company was maintained on Wednesday, August 5 by National Securities.

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.
Blair William And Il holds 0.01% of its portfolio in Garrison Capital Inc (NASDAQ:GARS) for 112,685 shares. Springbok Cap Mngmt last reported 100 shares in the company. Moreover, Stephens Ar has 0.01% invested in Garrison Capital Inc (NASDAQ:GARS) for 20,423 shares. Pinebridge Invs L P last reported 0% of its portfolio in the stock. Royal Retail Bank Of Canada last reported 0% of its portfolio in the stock. Moreover, Ares Mgmt Ltd Llc has 0.05% invested in Garrison Capital Inc (NASDAQ:GARS) for 56,000 shares. Wells Fargo & Mn reported 671 shares or 0% of all its holdings. Janney Montgomery Scott Limited Co, a Pennsylvania-based fund reported 97,600 shares. Blackrock Group Inc has invested 0% of its portfolio in Garrison Capital Inc (NASDAQ:GARS). Muzinich And Incorporated holds 150,653 shares or 0.7% of its portfolio. Cambridge Invest Rech has 0% invested in the company for 11,900 shares. Moreover, Manufacturers Life Insur The has 0% invested in Garrison Capital Inc (NASDAQ:GARS) for 1,745 shares. Advisors Asset Incorporated holds 1.17M shares or 0.19% of its portfolio. Yorktown Mngmt And Research Incorporated has 60,000 shares for 0.14% of their US portfolio. Geneva Advsr Limited Liability Company has 40,585 shares for 0.01% of their US portfolio.

Insider Transactions: Since June 7, 2016, the stock had 3 insider buys, and 0 sales for $132,115 net activity. Westwood Matthew Joseph also bought $20,331 worth of Garrison Capital Inc (NASDAQ:GARS) shares. 10,000 shares were bought by Tansey Joseph Bertrand, worth $104,749 on Tuesday, June 7. 700 shares were bought by SHEWMAKER BRUCE W, worth $7,035.

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 $150.46 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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