Ares Capital Co. (NASDAQ:ARCC) Stake Boosted by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. increased its stake in Ares Capital Co. (NASDAQ:ARCCGet Rating) by 30.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,597 shares of the investment management company’s stock after purchasing an additional 34,942 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Ares Capital were worth $2,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Sunbelt Securities Inc. boosted its position in Ares Capital by 8.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 57,703 shares of the investment management company’s stock worth $974,000 after acquiring an additional 4,522 shares during the period. M Holdings Securities Inc. boosted its position in Ares Capital by 24.6% during the 3rd quarter. M Holdings Securities Inc. now owns 35,246 shares of the investment management company’s stock worth $595,000 after acquiring an additional 6,960 shares during the period. Advisors Capital Management LLC boosted its position in Ares Capital by 1.6% during the 3rd quarter. Advisors Capital Management LLC now owns 2,800,873 shares of the investment management company’s stock worth $54,169,000 after acquiring an additional 43,020 shares during the period. Ascent Group LLC boosted its position in Ares Capital by 3.5% during the 3rd quarter. Ascent Group LLC now owns 132,838 shares of the investment management company’s stock worth $2,581,000 after acquiring an additional 4,433 shares during the period. Finally, Baird Financial Group Inc. boosted its position in Ares Capital by 1.8% during the 3rd quarter. Baird Financial Group Inc. now owns 545,960 shares of the investment management company’s stock worth $9,216,000 after acquiring an additional 9,530 shares during the period. Hedge funds and other institutional investors own 32.24% of the company’s stock.

Ares Capital Stock Down 2.0 %

Shares of ARCC stock opened at $17.43 on Friday. The stock’s 50 day simple moving average is $19.20 and its 200 day simple moving average is $18.93. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.99 and a current ratio of 0.99. Ares Capital Co. has a twelve month low of $16.53 and a twelve month high of $22.65. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 14.53 and a beta of 1.01.

Ares Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. decreased their price objective on Ares Capital from $21.00 to $20.50 and set an “overweight” rating for the company in a research report on Wednesday, February 8th. Citigroup lifted their price target on Ares Capital from $21.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, February 8th. StockNews.com initiated coverage on Ares Capital in a report on Thursday. They set a “hold” rating for the company. Finally, JMP Securities reiterated a “market outperform” rating and set a $23.00 price target on shares of Ares Capital in a report on Monday, March 13th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Ares Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.71.

Ares Capital Profile

(Get Rating)

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.

Further Reading

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

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