Joseph Stilwell and his affiliates have taken a 5% stake in Garrison Capital Inc. (NASDAQ: GARS), a BDC that invests primarily in the debt and equity of middle-market companies.
Stilwell who is known for investing in small banks and financial institution, made his filing shortly after Corbin Capital Partners filed its own 13D filing disclosing a 7.7% stake in GARS. In November 2019, GARS announced that it had hired financial advisers to explore strategic alternatives. Stilwell recently had success in 2019 with Alcentra Capital, after the firm eventually agreed to sell it self to Crescent Capital. According to the filing, Stilwell's transactions in GARS were in the $5.953 to $6.205 range earlier this month. Shares closed yesterday at $6.32. Disclaimer: Information provided here or in email alerts does not constitute investment advice nor an offer to sell securities. The information provided is for research purposely only and we do not take any responsibility for any loss or damage including and without limitation to any loss which may arise directly or indirectly from use of or reliance on such information. The writer of this article does not at the time of writing have a position in GARS, but may potentially purchase or dispose of shares pending further analysis and market conditions.
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