Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $256,000 Stake in Ares Capital Co. (NASDAQ:ARCC)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Ares Capital Co. (NASDAQ:ARCC) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,787 shares of the investment management company’s stock after acquiring an additional 605 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Ares Capital were worth $256,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC increased its stake in shares of Ares Capital by 1,865.8% in the fourth quarter. International Assets Investment Management LLC now owns 4,214,991 shares of the investment management company’s stock valued at $844,260,000 after buying an additional 4,000,570 shares during the period. Van ECK Associates Corp increased its stake in shares of Ares Capital by 10.5% in the third quarter. Van ECK Associates Corp now owns 7,441,256 shares of the investment management company’s stock valued at $144,881,000 after buying an additional 708,568 shares during the period. Melia Wealth LLC bought a new stake in Ares Capital in the fourth quarter valued at approximately $13,992,000. Goldman Sachs Group Inc. boosted its holdings in Ares Capital by 160.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,117,111 shares of the investment management company’s stock valued at $23,403,000 after acquiring an additional 687,496 shares during the last quarter. Finally, Ares Management LLC boosted its holdings in Ares Capital by 35.7% in the first quarter. Ares Management LLC now owns 2,361,573 shares of the investment management company’s stock valued at $49,475,000 after acquiring an additional 621,814 shares during the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Analyst Ratings Changes

ARCC has been the topic of several analyst reports. B. Riley cut Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a report on Monday, January 8th. Wells Fargo & Company upped their target price on Ares Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $21.00 target price on shares of Ares Capital in a report on Tuesday, March 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Ares Capital presently has an average rating of “Hold” and an average target price of $20.80.

Ares Capital Price Performance

Ares Capital stock opened at $20.24 on Wednesday. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 7.58 and a beta of 1.00. Ares Capital Co. has a 52-week low of $17.53 and a 52-week high of $20.86. The stock’s 50 day moving average price is $20.29 and its two-hundred day moving average price is $19.93. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.24 and a current ratio of 1.24.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings results on Wednesday, February 7th. The investment management company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $707.00 million for the quarter, compared to analysts’ expectations of $669.78 million. Ares Capital had a return on equity of 12.50% and a net margin of 58.22%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. On average, equities analysts predict that Ares Capital Co. will post 2.35 earnings per share for the current year.

Ares Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.49%. The ex-dividend date of this dividend was Thursday, March 14th. Ares Capital’s payout ratio is 71.91%.

Ares Capital Company 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.