Two Sigma Securities LLC acquired a new position in Ares Capital Co. (NASDAQ:ARCC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,821 shares of the investment management company’s stock, valued at approximately $249,000.
A number of other institutional investors have also made changes to their positions in the stock. Venturi Wealth Management LLC lifted its stake in Ares Capital by 2.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 133,545 shares of the investment management company’s stock worth $2,191,000 after acquiring an additional 3,168 shares in the last quarter. Global X MANAGEMENT CO LLC lifted its stake in Ares Capital by 46.6% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 11,811 shares of the investment management company’s stock worth $194,000 after acquiring an additional 3,756 shares in the last quarter. V Wealth Management LLC lifted its stake in Ares Capital by 9.4% in the 4th quarter. V Wealth Management LLC now owns 43,638 shares of the investment management company’s stock worth $699,000 after acquiring an additional 3,757 shares in the last quarter. Summit X LLC lifted its stake in Ares Capital by 20.0% in the 4th quarter. Summit X LLC now owns 23,120 shares of the investment management company’s stock worth $364,000 after acquiring an additional 3,850 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC lifted its stake in Ares Capital by 2.6% in the 3rd quarter. Pinkerton Retirement Specialists LLC now owns 168,337 shares of the investment management company’s stock worth $2,766,000 after acquiring an additional 4,253 shares in the last quarter. 42.67% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have weighed in on ARCC. National Securities reaffirmed a “buy” rating and issued a $19.00 target price on shares of Ares Capital in a research report on Monday, March 26th. BidaskClub raised Ares Capital from a “sell” rating to a “hold” rating in a research report on Saturday, March 24th. Zacks Investment Research raised Ares Capital from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Oppenheimer set a $18.00 target price on Ares Capital and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, TheStreet raised Ares Capital from a “c+” rating to a “b-” rating in a research report on Tuesday, December 12th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Ares Capital presently has a consensus rating of “Buy” and an average target price of $18.00.
Shares of NASDAQ ARCC traded down $0.04 during mid-day trading on Friday, reaching $15.98. 1,034,002 shares of the company traded hands, compared to its average volume of 2,715,176. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $6,812.26, a price-to-earnings ratio of 11.50, a P/E/G ratio of 3.41 and a beta of 0.58. Ares Capital Co. has a fifty-two week low of $15.03 and a fifty-two week high of $17.70.
Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Tuesday, February 13th. The investment management company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The business had revenue of $307.00 million for the quarter, compared to analyst estimates of $301.38 million. Ares Capital had a return on equity of 8.43% and a net margin of 57.50%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. equities research analysts forecast that Ares Capital Co. will post 1.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.51%. The ex-dividend date of this dividend was Wednesday, March 14th. Ares Capital’s dividend payout ratio is 109.35%.
In related news, CFO Penelope F. Roll acquired 3,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were acquired at an average price of $15.81 per share, with a total value of $47,430.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Arougheti acquired 25,000 shares of the stock in a transaction dated Thursday, March 15th. The shares were bought at an average cost of $15.60 per share, for a total transaction of $390,000.00. Following the acquisition, the insider now owns 984,535 shares in the company, valued at approximately $15,358,746. The disclosure for this purchase can be found here. In the last three months, insiders have bought 28,600 shares of company stock worth $447,042. 0.45% of the stock is currently owned by insiders.
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Ares Capital 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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