Nan Fung Trinity HK Ltd. Has $12.33 Million Stock Holdings in Ares Capital Corporation $ARCC

Nan Fung Trinity HK Ltd. lowered its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 29.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 604,000 shares of the investment management company’s stock after selling 248,100 shares during the period. Nan Fung Trinity HK Ltd. owned approximately 0.08% of Ares Capital worth $12,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Invesco Ltd. boosted its holdings in Ares Capital by 825.4% in the second quarter. Invesco Ltd. now owns 3,551,711 shares of the investment management company’s stock worth $77,996,000 after acquiring an additional 3,167,906 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Ares Capital by 18.6% during the second quarter. JPMorgan Chase & Co. now owns 6,404,876 shares of the investment management company’s stock valued at $140,651,000 after acquiring an additional 1,006,460 shares in the last quarter. OMERS ADMINISTRATION Corp raised its position in shares of Ares Capital by 56.9% during the second quarter. OMERS ADMINISTRATION Corp now owns 2,342,324 shares of the investment management company’s stock worth $51,437,000 after purchasing an additional 849,097 shares during the period. Bank of America Corp DE lifted its holdings in shares of Ares Capital by 8.9% in the 2nd quarter. Bank of America Corp DE now owns 8,678,129 shares of the investment management company’s stock worth $190,572,000 after purchasing an additional 705,882 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Ares Capital in the 1st quarter valued at $14,766,000. Institutional investors own 27.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ARCC shares. Wall Street Zen upgraded shares of Ares Capital from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. Wells Fargo & Company decreased their target price on shares of Ares Capital from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Capital One Financial set a $22.50 price target on shares of Ares Capital in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ares Capital in a research note on Monday, December 29th. Finally, Citigroup reissued a “market outperform” rating on shares of Ares Capital in a report on Thursday, October 30th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ares Capital has an average rating of “Moderate Buy” and an average price target of $22.25.

Ares Capital Price Performance

Shares of NASDAQ:ARCC opened at $19.89 on Friday. Ares Capital Corporation has a fifty-two week low of $18.26 and a fifty-two week high of $23.84. The company’s 50-day moving average is $20.50 and its 200 day moving average is $21.02. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.20 and a current ratio of 2.20. The company has a market capitalization of $14.24 billion, a P/E ratio of 9.95 and a beta of 0.58.

Ares Capital (NASDAQ:ARCC) last released its earnings results on Tuesday, October 28th. The investment management company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Ares Capital had a net margin of 45.16% and a return on equity of 10.08%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $766.48 million. During the same period in the previous year, the company earned $0.58 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that Ares Capital Corporation will post 2.19 earnings per share for the current year.

About Ares Capital

Ares Capital Corporation (NASDAQ: ARCC) is a publicly traded business development company (BDC) that specializes in providing debt and equity financing solutions to U.S. middle-market companies. As a BDC, Ares Capital offers investors access to a diversified portfolio of tailored credit investments, including senior secured loans, unitranche financing, mezzanine debt and equity co-investments. The firm’s flexible capital structures are designed to support companies seeking growth capital, refinancing or strategic acquisitions.

Through its credit platform, Ares Capital focuses on originations, underwriting and portfolio management across a range of industries, with a particular emphasis on sectors such as healthcare, technology, industrials and business services.