Atria Investments Inc Acquires 3,868 Shares of Ares Capital Co. (NASDAQ:ARCC)

Atria Investments Inc boosted its holdings in Ares Capital Co. (NASDAQ:ARCC) by 8.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,256 shares of the investment management company’s stock after purchasing an additional 3,868 shares during the quarter. Atria Investments Inc’s holdings in Ares Capital were worth $1,073,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jamison Private Wealth Management Inc. raised its position in shares of Ares Capital by 62.7% in the 2nd quarter. Jamison Private Wealth Management Inc. now owns 1,233 shares of the investment management company’s stock worth $26,000 after purchasing an additional 475 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in Ares Capital by 1.6% in the second quarter. Capital Investment Advisors LLC now owns 32,691 shares of the investment management company’s stock worth $681,000 after buying an additional 499 shares during the last quarter. JBR Co Financial Management Inc lifted its stake in shares of Ares Capital by 1.5% in the third quarter. JBR Co Financial Management Inc now owns 33,047 shares of the investment management company’s stock worth $692,000 after buying an additional 500 shares in the last quarter. Onyx Bridge Wealth Group LLC lifted its stake in shares of Ares Capital by 1.2% in the third quarter. Onyx Bridge Wealth Group LLC now owns 43,609 shares of the investment management company’s stock worth $913,000 after buying an additional 531 shares in the last quarter. Finally, Centaurus Financial Inc. grew its holdings in shares of Ares Capital by 3.9% during the second quarter. Centaurus Financial Inc. now owns 14,428 shares of the investment management company’s stock valued at $301,000 after buying an additional 542 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

Ares Capital Stock Down 0.3 %

ARCC stock opened at $21.51 on Monday. The company has a market cap of $13.90 billion, a price-to-earnings ratio of 8.27 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29. The business’s 50-day moving average is $21.09 and its two-hundred day moving average is $21.00. Ares Capital Co. has a fifty-two week low of $19.32 and a fifty-two week high of $22.05.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings data on Wednesday, October 30th. The investment management company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. The business had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $770.45 million. During the same period in the previous year, the business posted $0.59 EPS. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, analysts forecast that Ares Capital Co. will post 2.36 earnings per share for the current year.

Ares Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.48 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.92 annualized dividend and a dividend yield of 8.93%. Ares Capital’s dividend payout ratio (DPR) is 73.85%.

Analysts Set New Price Targets

ARCC has been the subject of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price objective on shares of Ares Capital in a report on Monday, August 5th. B. Riley boosted their price target on Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Compass Point raised Ares Capital to a “strong-buy” rating in a research report on Tuesday, July 30th. StockNews.com raised Ares Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, UBS Group raised shares of Ares Capital to a “hold” rating in a report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ares Capital has a consensus rating of “Moderate Buy” and an average target price of $21.86.

About Ares Capital

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.