Ares Capital Co. (NASDAQ:ARCC) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its holdings in shares of Ares Capital Co. (NASDAQ:ARCCFree Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 749,880 shares of the investment management company’s stock after purchasing an additional 11,266 shares during the quarter. Raymond James & Associates owned about 0.13% of Ares Capital worth $15,020,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Ares Capital during the third quarter worth about $25,000. Point72 Asset Management L.P. lifted its position in shares of Ares Capital by 100.8% during the second quarter. Point72 Asset Management L.P. now owns 1,426 shares of the investment management company’s stock worth $27,000 after purchasing an additional 181,426 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Ares Capital during the third quarter worth about $29,000. Cape Investment Advisory Inc. lifted its position in shares of Ares Capital by 411.0% during the third quarter. Cape Investment Advisory Inc. now owns 1,952 shares of the investment management company’s stock worth $38,000 after purchasing an additional 1,570 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. acquired a new stake in Ares Capital in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Stock Up 0.7 %

ARCC stock opened at $20.53 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.06. Ares Capital Co. has a twelve month low of $17.53 and a twelve month high of $20.86. The company’s 50 day moving average is $20.26 and its two-hundred day moving average is $19.86. The stock has a market cap of $12.46 billion, a P/E ratio of 7.69 and a beta of 1.00.

Ares Capital (NASDAQ:ARCCGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The investment management company reported $0.63 earnings per share 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 for the quarter, compared to analysts’ expectations of $669.78 million. During the same quarter last year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Research analysts expect that Ares Capital Co. will post 2.34 earnings per share for the current fiscal year.

Ares Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued 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 yield of 9.35%. Ares Capital’s payout ratio is currently 71.91%.

Wall Street Analysts Forecast Growth

ARCC has been the topic of several analyst reports. B. Riley cut shares of Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a report on Monday, January 8th. Wells Fargo & Company raised their target price on shares of Ares Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $21.00 target price on shares of Ares Capital in a report on Tuesday, March 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.80.

Read Our Latest Research Report on Ares Capital

Ares Capital Company Profile

(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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