Shares of Ares Capital Co. (NASDAQ:ARCC) have been given a consensus recommendation of “Buy” by the fifteen research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $18.00.

Several equities research analysts recently issued reports on ARCC shares. Keefe, Bruyette & Woods set a $19.00 target price on shares of Ares Capital and gave the stock a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research cut shares of Ares Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. TheStreet cut shares of Ares Capital from a “b” rating to a “c+” rating in a research report on Monday, November 13th. BMO Capital Markets reaffirmed a “hold” rating and set a $15.00 price target on shares of Ares Capital in a research report on Friday, August 25th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $19.50 price target on shares of Ares Capital in a research report on Friday, November 3rd.

In other Ares Capital news, Director Michael J. Arougheti purchased 8,365 shares of Ares Capital stock in a transaction on Friday, November 3rd. The shares were purchased at an average cost 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have acquired 8,965 shares of company stock worth $142,323. 0.45% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alpha Omega Wealth Management LLC lifted its position in shares of Ares Capital by 1.7% during the second quarter. Alpha Omega Wealth Management LLC now owns 12,184 shares of the investment management company’s stock worth $200,000 after purchasing an additional 199 shares in the last quarter. Hudock Capital Group LLC lifted its position in shares of Ares Capital by 3.2% during the second quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock worth $106,000 after purchasing an additional 200 shares in the last quarter. M&R Capital Management Inc. lifted its position in shares of Ares Capital by 2.8% during the second quarter. M&R Capital Management Inc. now owns 11,755 shares of the investment management company’s stock worth $188,000 after purchasing an additional 320 shares in the last quarter. Optimum Investment Advisors lifted its position in shares of Ares Capital by 0.5% during the second quarter. Optimum Investment Advisors now owns 88,753 shares of the investment management company’s stock worth $1,454,000 after purchasing an additional 460 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC lifted its position in shares of Ares Capital by 1.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 34,827 shares of the investment management company’s stock worth $570,000 after purchasing an additional 500 shares in the last quarter. 43.70% of the stock is currently owned by institutional investors and hedge funds.

Ares Capital (NASDAQ:ARCC) traded up $0.04 on Friday, hitting $16.28. 1,226,200 shares of the company traded hands, compared to its average volume of 2,043,937. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.29 and a quick ratio of 1.29. Ares Capital has a twelve month low of $15.48 and a twelve month high of $17.87. The firm has a market capitalization of $6,923.10, a PE ratio of 11.28, a PEG ratio of 3.92 and a beta of 0.63.

Ares Capital (NASDAQ:ARCC) last released its earnings results on Thursday, November 2nd. The investment management company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 last year, the company earned $0.43 earnings per share. research analysts expect that Ares Capital will post 1.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a yield of 9.34%. Ares Capital’s dividend payout ratio (DPR) is 119.69%.

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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.

Analyst Recommendations for Ares Capital (NASDAQ:ARCC)

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