Stilwell takes 5% stake in GARRISON CAPITAL INC.

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. 


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