NWQ Investment Management Company LLC reduced its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,160,993 shares of the investment management company’s stock after selling 14,635 shares during the period. NWQ Investment Management Company LLC owned approximately 0.27% of Ares Capital worth $18,251,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ARCC. Raymond James Financial Services Advisors Inc. grew its position in shares of Ares Capital by 8.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 165,239 shares of the investment management company’s stock valued at $2,708,000 after purchasing an additional 12,574 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Ares Capital during the 3rd quarter valued at $834,000. Boston Partners grew its position in shares of Ares Capital by 29.5% during the 3rd quarter. Boston Partners now owns 468,278 shares of the investment management company’s stock valued at $7,675,000 after purchasing an additional 106,713 shares in the last quarter. Global X MANAGEMENT CO LLC grew its position in shares of 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 purchasing an additional 3,756 shares in the last quarter. Finally, Advisor Group Inc. grew its position in shares of Ares Capital by 44.4% during the 3rd quarter. Advisor Group Inc. now owns 196,773 shares of the investment management company’s stock valued at $3,226,000 after purchasing an additional 60,469 shares in the last quarter. Hedge funds and other institutional investors own 42.78% of the company’s stock.
In related news, CFO Penelope F. Roll bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was bought at an average cost of $15.81 per share, for a total transaction of $47,430.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 3,600 shares of company stock valued at $56,996 over the last quarter. 0.45% of the stock is owned by company insiders.
Ares Capital Co. (NASDAQ ARCC) opened at $16.01 on Wednesday. Ares Capital Co. has a 1 year low of $15.03 and a 1 year high of $17.70. The stock has a market cap of $6,830.00, a price-to-earnings ratio of 10.20, a P/E/G ratio of 3.40 and a beta of 0.60. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.04 and a quick ratio of 1.04.
Ares Capital (NASDAQ:ARCC) last announced its earnings results on Tuesday, February 13th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. Ares Capital had a net margin of 57.50% and a return on equity of 8.43%. The company had revenue of $307.00 million during the quarter, compared to analyst estimates of $301.38 million. During the same period in the previous year, the business earned $0.42 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. analysts predict that Ares Capital Co. will post 1.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a $0.38 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.52 annualized dividend and a yield of 9.49%. Ares Capital’s dividend payout ratio (DPR) is presently 96.82%.
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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