Ares Capital Corporation $ARCC Shares Acquired by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. lifted its position in shares of Ares Capital Corporation (NASDAQ:ARCC) by 11.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 516,655 shares of the investment management company’s stock after purchasing an additional 53,971 shares during the quarter. Baltimore Washington Financial Advisors Inc. owned about 0.07% of Ares Capital worth $11,346,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARCC. Fourth Dimension Wealth LLC acquired a new position in Ares Capital during the second quarter valued at approximately $29,000. Elequin Capital LP acquired a new position in shares of Ares Capital during the 1st quarter valued at $30,000. CNB Bank purchased a new stake in Ares Capital during the 2nd quarter worth $36,000. Harbor Asset Planning Inc. acquired a new stake in Ares Capital in the 2nd quarter valued at $38,000. Finally, Wolff Wiese Magana LLC purchased a new position in Ares Capital in the second quarter valued at about $40,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Price Performance

Shares of ARCC stock opened at $20.51 on Thursday. The firm has a fifty day moving average of $20.14 and a two-hundred day moving average of $21.48. The firm has a market cap of $14.68 billion, a P/E ratio of 10.26 and a beta of 0.68. Ares Capital Corporation has a 1-year low of $18.26 and a 1-year high of $23.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.20 and a quick ratio of 1.14.

Ares Capital (NASDAQ:ARCC) last issued its earnings results on Tuesday, October 28th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The business had revenue of $658.00 million for the quarter, compared to analyst estimates of $766.48 million. Ares Capital had a net margin of 45.16% and a return on equity of 10.08%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 EPS. As a group, research analysts anticipate that Ares Capital Corporation will post 2.19 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be given a $0.48 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.92 annualized dividend and a dividend yield of 9.4%. Ares Capital’s dividend payout ratio (DPR) is presently 96.00%.

Insider Buying and Selling at Ares Capital

In other news, CEO Michael Kort Schnabel purchased 13,000 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average cost of $20.39 per share, with a total value of $265,070.00. Following the transaction, the chief executive officer owned 28,000 shares in the company, valued at approximately $570,920. The trade was a 86.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ARCC. Keefe, Bruyette & Woods decreased their target price on Ares Capital from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Wall Street Zen upgraded Ares Capital from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. UBS Group lowered their price objective on shares of Ares Capital from $22.50 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Capital One Financial set a $22.50 target price on shares of Ares Capital in a research report on Friday, October 10th. Finally, JMP Securities set a $23.00 target price on shares of Ares Capital and gave the company a “market outperform” rating in a research note on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Ares Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

Ares Capital Company 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.