AA Financial Advisors LLC Increases Stock Position in Ares Capital Corporation $ARCC

AA Financial Advisors LLC boosted its stake in Ares Capital Corporation (NASDAQ:ARCC) by 130.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 148,428 shares of the investment management company’s stock after buying an additional 84,100 shares during the quarter. AA Financial Advisors LLC’s holdings in Ares Capital were worth $2,675,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ARCC. Palladiem LLC purchased a new position in Ares Capital during the fourth quarter worth $26,000. SWAN Capital LLC purchased a new stake in shares of Ares Capital during the third quarter worth about $27,000. Sankala Group LLC purchased a new stake in shares of Ares Capital during the fourth quarter worth about $28,000. Core Wealth Advisors LLC purchased a new stake in Ares Capital in the 4th quarter worth approximately $33,000. Finally, Quarry LP purchased a new stake in Ares Capital in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Trading Up 0.8%

NASDAQ:ARCC opened at $17.99 on Friday. The firm has a market capitalization of $12.92 billion, a PE ratio of 11.04 and a beta of 0.56. Ares Capital Corporation has a 12 month low of $17.40 and a 12 month high of $23.42. The business’s 50-day moving average is $18.74 and its two-hundred day moving average is $19.20. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.40 and a quick ratio of 1.40.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings data on Tuesday, April 28th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Ares Capital had a net margin of 37.30% and a return on equity of 9.85%. The firm had revenue of $763.00 million for the quarter, compared to analysts’ expectations of $778.00 million. During the same quarter in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts predict that Ares Capital Corporation will post 1.91 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Monday, June 15th. Ares Capital’s payout ratio is 117.79%.

Analysts Set New Price Targets

ARCC has been the subject of several analyst reports. B. Riley Financial dropped their target price on Ares Capital from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. UBS Group lowered their target price on shares of Ares Capital from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, March 13th. JPMorgan Chase & Co. dropped their price target on shares of Ares Capital from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Capital in a research note on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.65.

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.