Blair William & Co. IL Sells 11,644 Shares of Ares Capital Co. (ARCC)

Blair William & Co. IL trimmed its holdings in shares of Ares Capital Co. (NASDAQ:ARCC) by 48.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,402 shares of the investment management company’s stock after selling 11,644 shares during the quarter. Blair William & Co. IL’s holdings in Ares Capital were worth $197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Eagle Global Advisors LLC grew its position in Ares Capital by 6.9% during the first quarter. Eagle Global Advisors LLC now owns 48,030 shares of the investment management company’s stock valued at $762,000 after buying an additional 3,090 shares during the period. Csenge Advisory Group grew its position in Ares Capital by 29.6% during the first quarter. Csenge Advisory Group now owns 13,915 shares of the investment management company’s stock valued at $221,000 after buying an additional 3,175 shares during the period. AllSquare Wealth Management LLC grew its position in Ares Capital by 19.6% during the first quarter. AllSquare Wealth Management LLC now owns 19,504 shares of the investment management company’s stock valued at $310,000 after buying an additional 3,196 shares during the period. HBK Investments L P grew its position in Ares Capital by 2.6% during the fourth quarter. HBK Investments L P now owns 154,445 shares of the investment management company’s stock valued at $2,428,000 after buying an additional 3,945 shares during the period. Finally, Fernwood Investment Management LLC grew its position in Ares Capital by 4.1% during the first quarter. Fernwood Investment Management LLC now owns 101,280 shares of the investment management company’s stock valued at $1,607,000 after buying an additional 4,000 shares during the period. Institutional investors own 41.37% of the company’s stock.

Several brokerages recently issued reports on ARCC. BidaskClub upgraded shares of Ares Capital from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. JMP Securities boosted their target price on shares of Ares Capital from $18.00 to $18.50 and gave the company a “market outperform” rating in a research report on Monday, June 4th. National Securities restated a “buy” rating and set a $19.00 target price on shares of Ares Capital in a research report on Tuesday, May 15th. Oppenheimer set a $18.00 target price on shares of Ares Capital and gave the company a “buy” rating in a research report on Thursday, May 3rd. Finally, Zacks Investment Research lowered shares of Ares Capital from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.96.

Ares Capital opened at $16.45 on Friday, according to Marketbeat. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 3.51 and a beta of 0.61. Ares Capital Co. has a 1-year low of $15.03 and a 1-year high of $17.11. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.99 and a quick ratio of 0.99.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings results on Wednesday, May 2nd. The investment management company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $317.00 million during the quarter, compared to analyst estimates of $309.81 million. Ares Capital had a net margin of 65.81% and a return on equity of 8.80%. The company’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. equities research analysts anticipate that Ares Capital Co. will post 1.58 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.24%. Ares Capital’s payout ratio is currently 109.35%.

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

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