Ares Capital Target of Unusually Large Options Trading (ARCC)

Ares Capital Co. (NASDAQ:ARCC) was the target of unusually large options trading activity on Monday. Stock traders purchased 10,537 put options on the stock. This is an increase of 4,081% compared to the typical daily volume of 252 put options.

Several equities research analysts recently issued reports on ARCC shares. BidaskClub cut shares of Ares Capital from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 5th. Zacks Investment Research cut shares of Ares Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. TheStreet raised shares of Ares Capital from a “c+” rating to a “b-” rating in a research report on Tuesday, December 12th. Compass Point assumed coverage on shares of Ares Capital in a research report on Wednesday, December 6th. They set a “buy” rating and a $17.50 price target on the stock. Finally, Wedbush assumed coverage on shares of Ares Capital in a research report on Monday, November 27th. They set an “outperform” rating and a $18.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.00.

Shares of Ares Capital (ARCC) traded up $0.17 during mid-day trading on Wednesday, reaching $16.08. 2,066,914 shares of the company’s stock were exchanged, compared to its average volume of 2,149,369. The firm has a market capitalization of $6,850.00, a PE ratio of 10.24, a price-to-earnings-growth ratio of 3.32 and a beta of 0.62. 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 has a 1 year low of $15.03 and a 1 year high of $17.87.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings results on Tuesday, February 13th. The investment management company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $307.00 million for the quarter, compared to analysts’ expectations of $301.38 million. Ares Capital had a net margin of 45.78% and a return on equity of 8.60%. Ares Capital’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. research analysts anticipate that Ares Capital will post 1.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.45%. Ares Capital’s payout ratio is currently 96.82%.

Several hedge funds and other institutional investors have recently bought and sold shares of ARCC. Bessemer Group Inc. lifted its position in shares of Ares Capital by 14,542.3% during the fourth quarter. Bessemer Group Inc. now owns 7,614 shares of the investment management company’s stock worth $120,000 after purchasing an additional 7,562 shares in the last quarter. Legacy Advisors LLC acquired a new position in shares of Ares Capital during the third quarter worth $128,000. Van Cleef Asset Management Inc acquired a new position in shares of Ares Capital during the fourth quarter worth $157,000. Harvest Capital Management Inc acquired a new position in shares of Ares Capital during the fourth quarter worth $162,000. Finally, Joel Isaacson & Co. LLC acquired a new position in shares of Ares Capital during the third quarter worth $164,000. 43.62% of the stock is currently owned by institutional investors and hedge funds.

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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.

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