Ares Capital Co. (NASDAQ:ARCC) Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC lifted its holdings in shares of Ares Capital Co. (NASDAQ:ARCC) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,018 shares of the investment management company’s stock after acquiring an additional 9,766 shares during the quarter. HB Wealth Management LLC’s holdings in Ares Capital were worth $3,875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its holdings in Ares Capital by 5.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,491,495 shares of the investment management company’s stock worth $31,083,000 after acquiring an additional 71,393 shares during the period. AE Wealth Management LLC boosted its stake in shares of Ares Capital by 11.1% in the second quarter. AE Wealth Management LLC now owns 159,825 shares of the investment management company’s stock valued at $3,331,000 after purchasing an additional 16,007 shares during the period. Merriman Wealth Management LLC grew its holdings in Ares Capital by 3.8% during the 2nd quarter. Merriman Wealth Management LLC now owns 31,607 shares of the investment management company’s stock valued at $659,000 after purchasing an additional 1,144 shares in the last quarter. ProShare Advisors LLC increased its stake in Ares Capital by 10.6% during the 2nd quarter. ProShare Advisors LLC now owns 49,405 shares of the investment management company’s stock worth $1,030,000 after buying an additional 4,749 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in Ares Capital by 0.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,365,540 shares of the investment management company’s stock worth $28,458,000 after buying an additional 11,443 shares in the last quarter. 27.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ARCC. StockNews.com raised Ares Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Wells Fargo & Company upgraded Ares Capital from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. Finally, B. Riley upped their target price on Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.29.

Ares Capital Trading Up 0.8 %

Shares of NASDAQ ARCC opened at $23.18 on Friday. The stock has a market capitalization of $14.98 billion, a P/E ratio of 8.92 and a beta of 1.00. The stock’s 50 day moving average price is $21.94 and its two-hundred day moving average price is $21.29. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. Ares Capital Co. has a 52-week low of $19.32 and a 52-week high of $23.22.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings data on Wednesday, October 30th. The investment management company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.01). Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. The firm had revenue of $755.00 million for the quarter, compared to the consensus estimate of $770.45 million. During the same quarter last year, the business earned $0.59 earnings per share. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, analysts anticipate that Ares Capital Co. will post 2.36 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 8.28%. The ex-dividend date of this dividend was Friday, December 13th. Ares Capital’s dividend payout ratio (DPR) is 73.85%.

Ares Capital 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.