Onyx Bridge Wealth Group LLC Grows Stake in Ares Capital Co. (NASDAQ:ARCC)

Onyx Bridge Wealth Group LLC grew its position in Ares Capital Co. (NASDAQ:ARCC – Get Rating) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,341 shares of the investment management company’s stock after buying an additional 1,241 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Ares Capital were worth $617,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARCC. Cibc World Market Inc. lifted its stake in Ares Capital by 23.8% in the first quarter. Cibc World Market Inc. now owns 82,913 shares of the investment management company’s stock worth $1,737,000 after acquiring an additional 15,957 shares during the period. Moors & Cabot Inc. boosted its stake in shares of Ares Capital by 59.1% during the first quarter. Moors & Cabot Inc. now owns 30,205 shares of the investment management company’s stock valued at $633,000 after purchasing an additional 11,226 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Ares Capital by 26.2% during the first quarter. Baird Financial Group Inc. now owns 513,554 shares of the investment management company’s stock valued at $10,759,000 after buying an additional 106,704 shares during the period. Loomis Sayles & Co. L P bought a new position in Ares Capital in the first quarter worth approximately $897,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Ares Capital by 70.2% during the first quarter. Parkside Financial Bank & Trust now owns 4,595 shares of the investment management company’s stock worth $96,000 after buying an additional 1,895 shares during the period. Institutional investors own 32.24% of the company’s stock.

Ares Capital Stock Performance

Shares of Ares Capital stock opened at $17.43 on Friday. The firm has a market capitalization of $9.26 billion, a P/E ratio of 14.53 and a beta of 1.01. Ares Capital Co. has a 52 week low of $16.53 and a 52 week high of $22.65. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.29. The company has a 50 day moving average price of $19.18 and a 200 day moving average price of $18.91.

Ares Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 11.02%. The ex-dividend date of this dividend is Tuesday, March 14th. Ares Capital’s payout ratio is 160.00%.

Analysts Set New Price Targets

ARCC has been the subject of several recent research reports. StockNews.com began coverage on Ares Capital in a research report on Thursday. They issued a “hold” rating for the company. Citigroup boosted their target price on shares of Ares Capital from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. JMP Securities restated a “market outperform” rating and issued a $23.00 price target on shares of Ares Capital in a report on Monday, March 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Ares Capital from $21.00 to $20.50 and set an “overweight” rating for the company in a research note on Wednesday, February 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Ares Capital presently has a consensus rating of “Moderate Buy” and an average price target of $20.71.

Ares Capital Profile

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Ares Commercial Finance provides asset-based cash flow solutions to small and middle-market companies. ACF works with borrowers to deliver creative, flexible, and comprehensive financing solutions. Ares Commercial Finance has the ability to structure and agent deals to support the growth and changing capital needs of clients.