Union Bancaire Privee UBP SA Has $822,000 Stock Holdings in Ares Capital Corporation $ARCC

Union Bancaire Privee UBP SA trimmed its holdings in shares of Ares Capital Corporation (NASDAQ:ARCC) by 58.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,925 shares of the investment management company’s stock after selling 66,052 shares during the period. Union Bancaire Privee UBP SA’s holdings in Ares Capital were worth $822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. UBS Group AG boosted its position in Ares Capital by 41.8% during the 4th quarter. UBS Group AG now owns 11,201,905 shares of the investment management company’s stock worth $226,615,000 after acquiring an additional 3,301,890 shares during the period. Marshall Wace LLP acquired a new position in shares of Ares Capital in the 3rd quarter valued at about $36,943,000. Altshuler Shaham Ltd acquired a new position in shares of Ares Capital in the 4th quarter valued at about $33,380,000. Michael & Susan Dell Foundation purchased a new stake in shares of Ares Capital in the fourth quarter worth approximately $26,089,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Ares Capital in the fourth quarter worth approximately $20,399,000. 27.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ARCC shares. Citizens Jmp lowered their price objective on shares of Ares Capital from $23.00 to $22.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. UBS Group decreased their target price on shares of Ares Capital from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Wells Fargo & Company restated an “equal weight” rating and set a $19.00 price target (down from $20.00) on shares of Ares Capital in a report on Friday, June 12th. Royal Bank Of Canada dropped their price target on shares of Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Finally, Oppenheimer cut their price objective on Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.65.

Ares Capital Stock Up 0.1%

ARCC opened at $18.21 on Monday. The business has a 50 day moving average price of $18.73 and a 200 day moving average price of $19.18. Ares Capital Corporation has a twelve month low of $17.40 and a twelve month high of $23.42. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $13.08 billion, a P/E ratio of 11.17 and a beta of 0.56.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings results on Tuesday, April 28th. The investment management company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Ares Capital had a net margin of 37.30% and a return on equity of 9.85%. The company had revenue of $763.00 million for the quarter, compared to analyst estimates of $778.00 million. During the same quarter last year, the business earned $0.50 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts forecast that Ares Capital Corporation will post 1.91 EPS for the current year.

Ares Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.5%. The ex-dividend date of this dividend is Monday, June 15th. Ares Capital’s dividend payout ratio is currently 117.79%.

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.