Activest Wealth Management Acquires 1,239 Shares of Ares Capital Co. (NASDAQ:ARCC)

Activest Wealth Management raised its holdings in shares of Ares Capital Co. (NASDAQ:ARCCFree Report) by 137.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,142 shares of the investment management company’s stock after acquiring an additional 1,239 shares during the period. Activest Wealth Management’s holdings in Ares Capital were worth $43,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ARCC. Syntal Capital Partners LLC increased its position in shares of Ares Capital by 3.3% in the 3rd quarter. Syntal Capital Partners LLC now owns 17,346 shares of the investment management company’s stock valued at $338,000 after buying an additional 551 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Ares Capital by 1.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,595 shares of the investment management company’s stock valued at $693,000 after buying an additional 587 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in shares of Ares Capital by 4.4% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 14,067 shares of the investment management company’s stock valued at $274,000 after buying an additional 597 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Ares Capital by 1.1% in the 1st quarter. Advisory Services Network LLC now owns 54,276 shares of the investment management company’s stock valued at $992,000 after buying an additional 607 shares in the last quarter. Finally, Mirador Capital Partners LP boosted its stake in Ares Capital by 0.3% in the 2nd quarter. Mirador Capital Partners LP now owns 208,201 shares of the investment management company’s stock worth $3,912,000 after purchasing an additional 701 shares during the period. Institutional investors own 27.38% of the company’s stock.

Ares Capital Trading Up 1.7 %

Ares Capital stock opened at $20.82 on Friday. The firm has a 50-day moving average of $20.26 and a 200-day moving average of $19.84. Ares Capital Co. has a one year low of $17.53 and a one year high of $20.86. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $12.63 billion, a price-to-earnings ratio of 7.80 and a beta of 0.99.

Ares Capital (NASDAQ:ARCCGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The investment management company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. Ares Capital had a net margin of 58.22% and a return on equity of 12.50%. The company had revenue of $707.00 million during the quarter, compared to the consensus estimate of $669.78 million. During the same period in the prior year, the business posted $0.68 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, equities analysts expect that Ares Capital Co. will post 2.34 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.22%. Ares Capital’s dividend payout ratio is 71.91%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ARCC shares. Wells Fargo & Company upped their target price on shares of Ares Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. JMP Securities reaffirmed a “market outperform” rating and issued a $21.00 target price on shares of Ares Capital in a research note on Tuesday, March 26th. Finally, B. Riley lowered shares of Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research note on Monday, January 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ares Capital presently has an average rating of “Hold” and a consensus target price of $20.80.

Check Out Our Latest Analysis on ARCC

About Ares Capital

(Free Report)

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.

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

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