Signaturefd LLC Boosts Position in Ares Capital Corporation $ARCC

Signaturefd LLC boosted its holdings in Ares Capital Corporation (NASDAQ:ARCCFree Report) by 13.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 11,510 shares of the investment management company’s stock after buying an additional 1,342 shares during the period. Signaturefd LLC’s holdings in Ares Capital were worth $253,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ARCC. Elequin Capital LP purchased a new position in Ares Capital in the first quarter valued at approximately $30,000. Continuum Advisory LLC raised its stake in shares of Ares Capital by 320.7% during the first quarter. Continuum Advisory LLC now owns 1,628 shares of the investment management company’s stock valued at $36,000 after purchasing an additional 1,241 shares during the period. Investment Management Corp VA ADV raised its stake in shares of Ares Capital by 193.9% during the first quarter. Investment Management Corp VA ADV now owns 1,828 shares of the investment management company’s stock valued at $41,000 after purchasing an additional 1,206 shares during the period. PSI Advisors LLC raised its stake in shares of Ares Capital by 121.1% during the first quarter. PSI Advisors LLC now owns 2,100 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 1,150 shares during the period. Finally, Archer Investment Corp raised its stake in shares of Ares Capital by 281.3% during the first quarter. Archer Investment Corp now owns 2,440 shares of the investment management company’s stock valued at $54,000 after purchasing an additional 1,800 shares during the period. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Ares Capital Stock Performance

Ares Capital stock opened at $20.39 on Friday. The company has a market cap of $14.38 billion, a PE ratio of 9.95 and a beta of 0.68. The company has a fifty day moving average price of $21.97 and a two-hundred day moving average price of $21.72. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.14 and a quick ratio of 1.14. Ares Capital Corporation has a 12 month low of $18.26 and a 12 month high of $23.84.

Ares Capital (NASDAQ:ARCCGet Free Report) last released its quarterly earnings data on Tuesday, July 29th. The investment management company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The business had revenue of $614.00 million during the quarter, compared to analyst estimates of $748.76 million. Ares Capital had a return on equity of 10.48% and a net margin of 44.94%.During the same period in the prior year, the firm earned $0.61 EPS. Research analysts expect that Ares Capital Corporation will post 2.19 earnings per share for the current year.

Ares Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date was Monday, September 15th. Ares Capital’s dividend payout ratio (DPR) is presently 93.66%.

Analyst Ratings Changes

A number of analysts have recently weighed in on ARCC shares. Citigroup reissued an “outperform” rating on shares of Ares Capital in a research report on Thursday, July 31st. JMP Securities set a $23.00 price target on shares of Ares Capital and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. UBS Group raised their price target on shares of Ares Capital from $22.00 to $22.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. decreased their price target on shares of Ares Capital from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company raised their price target on shares of Ares Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.86.

Check Out Our Latest Stock Analysis 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.

Further Reading

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

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