Atria Wealth Solutions Inc. Purchases 2,052 Shares of Ares Capital Co. (NASDAQ:ARCC)

Atria Wealth Solutions Inc. lifted its position in Ares Capital Co. (NASDAQ:ARCC) by 1.8% in the 4th quarter, Holdings Channel reports. The fund owned 118,885 shares of the investment management company’s stock after acquiring an additional 2,052 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Ares Capital were worth $2,381,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Cape Investment Advisory Inc. boosted its stake in 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 acquiring an additional 1,570 shares in the last quarter. Activest Wealth Management boosted its position in shares of Ares Capital by 137.2% in the 4th quarter. Activest Wealth Management now owns 2,142 shares of the investment management company’s stock worth $43,000 after purchasing an additional 1,239 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC grew its stake in shares of Ares Capital by 59.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 2,351 shares of the investment management company’s stock worth $47,000 after buying an additional 875 shares during the last quarter. CVA Family Office LLC bought a new position in Ares Capital during the 4th quarter valued at approximately $51,000. Finally, Morton Brown Family Wealth LLC purchased a new position in Ares Capital during the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Ares Capital Price Performance

NASDAQ ARCC opened at $20.81 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 7.79 and a beta of 1.00. The stock has a 50-day moving average of $20.37 and a 200 day moving average of $20.04. Ares Capital Co. has a one year low of $17.53 and a one year high of $20.94.

Ares Capital (NASDAQ:ARCC) last released its quarterly earnings data on Wednesday, February 7th. The investment management company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. Ares Capital had a net margin of 58.22% and a return on equity of 12.50%. The firm had revenue of $707.00 million during the quarter, compared to analysts’ expectations of $669.78 million. During the same period in the previous year, the company earned $0.68 earnings per share. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts forecast that Ares Capital Co. will post 2.35 EPS for the current year.

Ares Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.23%. The ex-dividend date of this dividend was Thursday, March 14th. Ares Capital’s payout ratio is currently 71.91%.

Analysts Set New Price Targets

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

Ares Capital Profile

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.