Equities researchers at Compass Point started coverage on shares of Ares Capital (NASDAQ:ARCC) in a report released on Wednesday, The Fly reports. The firm set a “buy” rating on the investment management company’s stock.

Other research analysts have also recently issued reports about the stock. BidaskClub cut shares of Ares Capital from a “sell” rating to a “strong sell” rating in a report on Tuesday. Wedbush assumed coverage on shares of Ares Capital in a report on Monday, November 27th. They set an “outperform” rating and a $18.00 price target on the stock. Zacks Investment Research cut shares of Ares Capital from a “hold” rating to a “sell” rating in a report on Monday, November 6th. National Securities reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Ares Capital in a research report on Friday, November 3rd. Finally, Citigroup assumed coverage on shares of Ares Capital in a research report on Wednesday, September 20th. They issued an “outperform” rating and a $18.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.06.

Ares Capital (ARCC) opened at $16.10 on Wednesday. Ares Capital has a twelve month low of $15.48 and a twelve month high of $17.87. The firm has a market cap of $6,897.52, a PE ratio of 11.24, a P/E/G ratio of 3.91 and a beta of 0.63. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.66.

Ares Capital (NASDAQ:ARCC) last released its quarterly earnings results on Thursday, November 2nd. The investment management company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Ares Capital had a net margin of 45.78% and a return on equity of 8.60%. The business had revenue of $294.00 million for the quarter, compared to analysts’ expectations of $295.02 million. During the same period in the previous year, the company earned $0.43 earnings per share. analysts predict that Ares Capital will post 1.38 EPS for the current year.

In other Ares Capital news, Director Michael J. Arougheti purchased 8,365 shares of the stock in a transaction dated Friday, November 3rd. The shares were bought at an average price of $15.85 per share, with a total value of $132,585.25. Following the completion of the transaction, the director now directly owns 937,054 shares in the company, valued at approximately $14,852,305.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders bought 8,965 shares of company stock worth $142,323. Insiders own 0.45% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ARCC. Penserra Capital Management LLC raised its position in shares of Ares Capital by 8.9% in the second quarter. Penserra Capital Management LLC now owns 6,439 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 526 shares during the period. Hudock Capital Group LLC increased its holdings in Ares Capital by 3.2% during the 2nd quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock worth $106,000 after acquiring an additional 200 shares during the period. Ffcm LLC increased its holdings in Ares Capital by 218.9% during the 2nd quarter. Ffcm LLC now owns 6,840 shares of the investment management company’s stock worth $113,000 after acquiring an additional 4,695 shares during the period. Legacy Advisors LLC bought a new stake in Ares Capital during the 3rd quarter worth approximately $128,000. Finally, Joel Isaacson & Co. LLC bought a new stake in Ares Capital during the 3rd quarter worth approximately $164,000. 43.70% of the stock is currently owned by institutional investors.

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Ares Capital Company Profile

Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.

The Fly

Analyst Recommendations for Ares Capital (NASDAQ:ARCC)

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