Advisor Group Inc. lifted its stake in Ares Capital Co. (NASDAQ:ARCC) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,390 shares of the investment management company’s stock after purchasing an additional 29,617 shares during the period. Advisor Group Inc. owned approximately 0.05% of Ares Capital worth $3,559,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Venturi Wealth Management LLC lifted its stake in shares of Ares Capital by 2.4% in the third quarter. Venturi Wealth Management LLC now owns 133,545 shares of the investment management company’s stock valued at $2,191,000 after purchasing an additional 3,168 shares during the period. Global X MANAGEMENT CO LLC increased its holdings in Ares Capital by 46.6% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 11,811 shares of the investment management company’s stock valued at $194,000 after acquiring an additional 3,756 shares in the last quarter. V Wealth Management LLC increased its holdings in Ares Capital by 9.4% during the 4th quarter. V Wealth Management LLC now owns 43,638 shares of the investment management company’s stock valued at $699,000 after acquiring an additional 3,757 shares in the last quarter. Summit X LLC increased its holdings in Ares Capital by 20.0% during the 4th quarter. Summit X LLC now owns 23,120 shares of the investment management company’s stock valued at $364,000 after acquiring an additional 3,850 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC increased its holdings in Ares Capital by 2.6% during the 3rd quarter. Pinkerton Retirement Specialists LLC now owns 168,337 shares of the investment management company’s stock valued at $2,766,000 after acquiring an additional 4,253 shares in the last quarter. Hedge funds and other institutional investors own 42.78% of the company’s stock.
Several equities analysts have weighed in on the stock. BidaskClub upgraded shares of Ares Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 7th. Oppenheimer set a $18.00 target price on shares of Ares Capital and gave the company a “buy” rating in a report on Tuesday, February 13th. Zacks Investment Research upgraded shares of Ares Capital from a “sell” rating to a “hold” rating in a report on Monday, January 8th. National Securities restated a “buy” rating and set a $19.00 target price on shares of Ares Capital in a report on Thursday, February 15th. Finally, Wedbush assumed coverage on shares of Ares Capital in a report on Monday, November 27th. They set an “outperform” rating and a $18.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. Ares Capital currently has a consensus rating of “Buy” and an average price target of $18.00.
Shares of Ares Capital Co. (ARCC) opened at $16.01 on Wednesday. The company has a market cap of $6,830.00, a PE ratio of 10.20, a PEG ratio of 3.39 and a beta of 0.60. Ares Capital Co. has a twelve month low of $15.03 and a twelve month high of $17.70. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.68.
Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings results on Tuesday, February 13th. The investment management company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $307.00 million during the quarter, compared to the consensus estimate of $301.38 million. Ares Capital had a net margin of 57.50% and a return on equity of 8.43%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share. research analysts predict that Ares Capital Co. will post 1.56 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.38 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.49%. Ares Capital’s dividend payout ratio (DPR) is presently 96.82%.
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Ares Capital 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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