Ares Capital Co. (ARCC) Holdings Lifted by LGT Capital Partners LTD.

LGT Capital Partners LTD. increased its holdings in shares of Ares Capital Co. (NASDAQ:ARCC) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,209,842 shares of the investment management company’s stock after purchasing an additional 79,842 shares during the period. Ares Capital accounts for 1.8% of LGT Capital Partners LTD.’s holdings, making the stock its 22nd biggest holding. LGT Capital Partners LTD. owned about 0.28% of Ares Capital worth $19,019,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARCC. Vaughan Nelson Investment Management L.P. boosted its stake in Ares Capital by 1.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,970,937 shares of the investment management company’s stock valued at $97,864,000 after acquiring an additional 93,695 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Ares Capital by 1.6% in the third quarter. Principal Financial Group Inc. now owns 5,815,313 shares of the investment management company’s stock valued at $95,312,000 after acquiring an additional 89,967 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Ares Capital by 4.3% in the third quarter. Ameriprise Financial Inc. now owns 5,732,052 shares of the investment management company’s stock valued at $93,986,000 after acquiring an additional 236,468 shares in the last quarter. Confluence Investment Management LLC boosted its stake in Ares Capital by 2.0% in the fourth quarter. Confluence Investment Management LLC now owns 5,144,529 shares of the investment management company’s stock valued at $80,872,000 after acquiring an additional 102,683 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Ares Capital by 12.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 3,600,000 shares of the investment management company’s stock valued at $59,004,000 after acquiring an additional 400,000 shares in the last quarter. Hedge funds and other institutional investors own 43.56% of the company’s stock.

Ares Capital Co. (NASDAQ:ARCC) opened at $15.84 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.66. Ares Capital Co. has a fifty-two week low of $15.60 and a fifty-two week high of $17.87. The stock has a market cap of $6,750.00, a price-to-earnings ratio of 12.57, a P/E/G ratio of 3.40 and a beta of 0.62.

Ares Capital (NASDAQ:ARCC) last issued its earnings results on Thursday, November 2nd. The investment management company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Ares Capital had a net margin of 45.78% and a return on equity of 8.60%. The firm had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $295.02 million. During the same quarter last year, the company posted $0.43 earnings per share. analysts forecast that Ares Capital Co. will post 1.38 EPS for the current year.

Several research firms have recently commented on ARCC. Zacks Investment Research upgraded shares of Ares Capital from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. TheStreet upgraded shares of Ares Capital from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. Compass Point began coverage on shares of Ares Capital in a research note on Wednesday, December 6th. They set a “buy” rating and a $17.50 price objective for the company. BidaskClub downgraded shares of Ares Capital from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Finally, Wedbush began coverage on shares of Ares Capital in a research note on Monday, November 27th. They set an “outperform” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $18.00.

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About Ares Capital

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.

Institutional Ownership by Quarter for Ares Capital (NASDAQ:ARCC)

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