Cwm LLC Grows Stock Holdings in Ares Capital Corporation $ARCC

Cwm LLC lifted its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 40.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 324,243 shares of the investment management company’s stock after purchasing an additional 93,003 shares during the quarter. Cwm LLC’s holdings in Ares Capital were worth $6,618,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ARCC. Independent Wealth Network Inc. boosted its stake in Ares Capital by 1.6% during the third quarter. Independent Wealth Network Inc. now owns 50,568 shares of the investment management company’s stock worth $1,032,000 after buying an additional 814 shares during the last quarter. World Investment Advisors raised its holdings in shares of Ares Capital by 15.1% during the 3rd quarter. World Investment Advisors now owns 13,283 shares of the investment management company’s stock worth $271,000 after acquiring an additional 1,743 shares during the period. Brookstone Capital Management raised its holdings in shares of Ares Capital by 7.5% during the 3rd quarter. Brookstone Capital Management now owns 41,971 shares of the investment management company’s stock worth $857,000 after acquiring an additional 2,921 shares during the period. Delphi Management Inc. MA boosted its position in shares of Ares Capital by 2.0% during the 3rd quarter. Delphi Management Inc. MA now owns 63,955 shares of the investment management company’s stock valued at $1,305,000 after acquiring an additional 1,256 shares during the last quarter. Finally, Successful Portfolios LLC grew its holdings in shares of Ares Capital by 6.5% in the third quarter. Successful Portfolios LLC now owns 11,499 shares of the investment management company’s stock valued at $235,000 after purchasing an additional 698 shares during the period. 27.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ares Capital

In other Ares Capital news, CEO Michael Kort Schnabel purchased 13,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were bought at an average cost of $20.39 per share, for a total transaction of $265,070.00. Following the completion of the purchase, the chief executive officer directly owned 28,000 shares of the company’s stock, valued at approximately $570,920. This trade represents a 86.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ARCC. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ares Capital in a research note on Monday. Royal Bank Of Canada reduced their price target on shares of Ares Capital from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Wall Street Zen upgraded Ares Capital from a “sell” rating to a “hold” rating in a research report on Sunday, October 19th. UBS Group cut their target price on Ares Capital from $22.50 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods decreased their price target on Ares Capital from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Ares Capital presently has an average rating of “Moderate Buy” and a consensus target price of $22.25.

Ares Capital Stock Up 0.6%

Shares of NASDAQ ARCC opened at $20.29 on Wednesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $20.30 and its two-hundred day moving average is $21.24. Ares Capital Corporation has a 52-week low of $18.26 and a 52-week high of $23.84. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of 10.15 and a beta of 0.59.

Ares Capital (NASDAQ:ARCC) last released its quarterly earnings results on Tuesday, October 28th. The investment management company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $766.48 million. Ares Capital had a return on equity of 10.08% and a net margin of 45.16%.The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $0.58 earnings per share. Research analysts predict that Ares Capital Corporation will post 2.19 EPS for the current year.

Ares Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend was Monday, December 15th. Ares Capital’s payout ratio is currently 96.00%.

Ares Capital Profile

Ares Capital Corporation (NASDAQ: ARCC) is a publicly traded business development company (BDC) that specializes in providing debt and equity financing solutions to U.S. middle-market companies. As a BDC, Ares Capital offers investors access to a diversified portfolio of tailored credit investments, including senior secured loans, unitranche financing, mezzanine debt and equity co-investments. The firm’s flexible capital structures are designed to support companies seeking growth capital, refinancing or strategic acquisitions.

Through its credit platform, Ares Capital focuses on originations, underwriting and portfolio management across a range of industries, with a particular emphasis on sectors such as healthcare, technology, industrials and business services.