Spinnaker Trust Has $21.12 Million Stock Holdings in Ares Capital Corporation $ARCC

Spinnaker Trust boosted its stake in Ares Capital Corporation (NASDAQ:ARCC) by 14.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,034,901 shares of the investment management company’s stock after buying an additional 130,600 shares during the period. Ares Capital makes up 1.2% of Spinnaker Trust’s portfolio, making the stock its 20th largest holding. Spinnaker Trust owned 0.14% of Ares Capital worth $21,122,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. City Holding Co. increased its stake in shares of Ares Capital by 444.4% during the third quarter. City Holding Co. now owns 1,225 shares of the investment management company’s stock worth $25,000 after purchasing an additional 1,000 shares during the period. Fourth Dimension Wealth LLC bought a new position in Ares Capital during the 2nd quarter worth $29,000. NBT Bank N A NY acquired a new stake in shares of Ares Capital during the third quarter worth $31,000. CNB Bank bought a new stake in shares of Ares Capital in the second quarter valued at about $36,000. Finally, WFA of San Diego LLC acquired a new position in shares of Ares Capital in the second quarter valued at about $36,000. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Ares Capital

Here are the key news stories impacting Ares Capital this week:

• Positive Sentiment: Q4 results showed resilience: total investment income rose and core earnings roughly met/edged past estimates (EPS reported around $0.50–$0.517), supporting the dividend profile and helping shares. ARCC’s Q4 Earnings Meet, Stock Up on Higher Total Investment Income Ares Capital (ARCC) Q4 2025 Earnings Transcript
• Positive Sentiment: Multiple analysts and outlets are emphasizing ARCC’s high, reliable dividend (roughly 10% yield), which attracts income-focused investors and supports the stock in volatile markets. Coverage includes a Seeking Alpha upgrade/positive take and a Motley Fool piece highlighting momentum. Ares Capital: When Things Get Shaky, You Have To Stick With The King (Rating Upgrade) This 10%-Yielding Dividend Stock is Coming Off a Record Year With Lots Of Momentum in 2026
• Neutral Sentiment: Analyst commentary remains mixed-to-supportive: Wells Fargo kept an overweight stance but trimmed its price target slightly (see negative item). Overall coverage is balanced around yield stability versus margin/expense pressure. Benzinga Report
• Neutral Sentiment: The earnings call was characterized as “balancing strength and strain” — management flagged areas of resilience (investment income, portfolio performance) alongside cost/expense pressures and portfolio dynamics; read the call summary for detail. Ares Capital (ARCC) Earnings Call Balances Strength and Strain
• Neutral Sentiment: Reported short interest shows no meaningful build (data shows effectively zero change), so short-covering is not a material driver of today’s move.
• Negative Sentiment: Wells Fargo cut its price target from $21 to $20 despite keeping an overweight rating — a modest reduction in upside that could cap near-term analyst-driven gains. Wells Fargo Lowers Price Target

Analyst Ratings Changes

Several brokerages have weighed in on ARCC. Wall Street Zen cut shares of Ares Capital from a “hold” rating to a “sell” rating in a research note on Saturday. Keefe, Bruyette & Woods dropped their price target on shares of Ares Capital from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Wells Fargo & Company reduced their price target on Ares Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday. Royal Bank Of Canada lowered their price objective on Ares Capital from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, Citigroup reiterated a “market outperform” rating on shares of Ares Capital in a research report on Thursday, October 30th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ares Capital has an average rating of “Moderate Buy” and an average target price of $22.13.

Ares Capital Stock Up 2.8%

Shares of ARCC opened at $19.31 on Friday. The firm has a 50 day simple moving average of $20.38 and a two-hundred day simple moving average of $20.89. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 2.20. Ares Capital Corporation has a one year low of $18.26 and a one year high of $23.63. The company has a market cap of $13.86 billion, a P/E ratio of 10.38 and a beta of 0.59.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. Ares Capital had a return on equity of 9.89% and a net margin of 42.56%.The company had revenue of $793.00 million for the quarter, compared to analyst estimates of $795.20 million. During the same quarter last year, the company posted $0.55 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Research analysts forecast that Ares Capital Corporation will post 2.19 EPS for the current fiscal year.

Ares Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.92 annualized dividend and a yield of 9.9%. Ares Capital’s payout ratio is presently 103.23%.

Ares Capital Profile

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.