Nan Fung Trinity HK Ltd. Trims Stock Holdings in Ares Capital Corporation $ARCC

Nan Fung Trinity HK Ltd. reduced its holdings in shares of Ares Capital Corporation (NASDAQ:ARCC) by 29.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 604,000 shares of the investment management company’s stock after selling 248,100 shares during the quarter. Nan Fung Trinity HK Ltd.’s holdings in Ares Capital were worth $12,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Aurora Private Wealth Inc. raised its stake in shares of Ares Capital by 1.5% during the 2nd quarter. Aurora Private Wealth Inc. now owns 28,983 shares of the investment management company’s stock valued at $636,000 after purchasing an additional 436 shares during the period. Prostatis Group LLC grew its holdings in Ares Capital by 2.1% during the 2nd quarter. Prostatis Group LLC now owns 22,236 shares of the investment management company’s stock valued at $488,000 after buying an additional 468 shares in the last quarter. Fountainhead AM LLC increased its position in shares of Ares Capital by 5.5% during the second quarter. Fountainhead AM LLC now owns 9,728 shares of the investment management company’s stock valued at $214,000 after buying an additional 511 shares during the period. Carnegie Lake Advisors LLC increased its position in shares of Ares Capital by 0.8% during the second quarter. Carnegie Lake Advisors LLC now owns 65,514 shares of the investment management company’s stock valued at $1,439,000 after buying an additional 517 shares during the period. Finally, BKM Wealth Management LLC lifted its holdings in shares of Ares Capital by 1.3% in the third quarter. BKM Wealth Management LLC now owns 42,394 shares of the investment management company’s stock worth $865,000 after buying an additional 525 shares in the last quarter. 27.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ARCC shares. Wall Street Zen raised shares of Ares Capital from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Ares Capital in a research report on Monday, December 29th. Keefe, Bruyette & Woods lowered their price objective on Ares Capital from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Citigroup reissued a “market outperform” rating on shares of Ares Capital in a research note on Thursday, October 30th. Finally, Capital One Financial set a $22.50 price target on Ares Capital in a report on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

Ares Capital Stock Down 1.3%

Shares of ARCC opened at $19.89 on Friday. Ares Capital Corporation has a 1 year low of $18.26 and a 1 year high of $23.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a 50 day simple moving average of $20.50 and a two-hundred day simple moving average of $21.02. The firm has a market cap of $14.24 billion, a P/E ratio of 9.95 and a beta of 0.58.

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

About Ares Capital

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.