Bogart Wealth LLC Increases Position in Ares Capital Corporation $ARCC

Bogart Wealth LLC raised its position in Ares Capital Corporation (NASDAQ:ARCC) by 78.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,246 shares of the investment management company’s stock after purchasing an additional 2,303 shares during the quarter. Bogart Wealth LLC’s holdings in Ares Capital were worth $115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARCC. SG Americas Securities LLC raised its position in Ares Capital by 2.8% in the first quarter. SG Americas Securities LLC now owns 24,361 shares of the investment management company’s stock valued at $540,000 after purchasing an additional 666 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Ares Capital by 28.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 393,517 shares of the investment management company’s stock worth $8,720,000 after acquiring an additional 87,934 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of Ares Capital in the first quarter worth $251,000. PFG Investments LLC grew its stake in shares of Ares Capital by 6.8% in the first quarter. PFG Investments LLC now owns 30,452 shares of the investment management company’s stock worth $675,000 after acquiring an additional 1,937 shares in the last quarter. Finally, Stonegate Investment Group LLC grew its stake in shares of Ares Capital by 23.7% in the first quarter. Stonegate Investment Group LLC now owns 13,796 shares of the investment management company’s stock worth $306,000 after acquiring an additional 2,644 shares in the last quarter. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Ares Capital Trading Up 0.5%

NASDAQ ARCC opened at $19.60 on Tuesday. The stock has a market capitalization of $13.83 billion, a P/E ratio of 9.56 and a beta of 0.68. Ares Capital Corporation has a 52-week low of $18.26 and a 52-week high of $23.84. The firm has a 50-day moving average price of $21.28 and a 200 day moving average price of $21.53. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.01.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings results on Tuesday, July 29th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $614.00 million for the quarter, compared to analysts’ expectations of $748.76 million. Ares Capital had a return on equity of 10.48% and a net margin of 44.94%.During the same period in the prior year, the company earned $0.61 earnings per share. Equities research analysts expect that Ares Capital Corporation will post 2.19 EPS for the current year.

Ares Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend was Monday, September 15th. Ares Capital’s dividend payout ratio is currently 93.66%.

Analysts Set New Price Targets

Several equities analysts have commented on ARCC shares. JPMorgan Chase & Co. dropped their price target on shares of Ares Capital from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, October 1st. Keefe, Bruyette & Woods boosted their price target on shares of Ares Capital from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Wells Fargo & Company boosted their price target on shares of Ares Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. B. Riley raised shares of Ares Capital from a “neutral” rating to a “buy” rating and boosted their price target for the company from $22.50 to $23.50 in a research report on Wednesday, July 30th. Finally, Wall Street Zen raised shares of Ares Capital from a “sell” rating to a “hold” rating in a report on Sunday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.63.

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.