CVA Family Office LLC Purchases New Position in Ares Capital Co. (NASDAQ:ARCC)

CVA Family Office LLC purchased a new stake in shares of Ares Capital Co. (NASDAQ:ARCC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,530 shares of the investment management company’s stock, valued at approximately $51,000.

Other hedge funds also recently bought and sold shares of the company. Syntal Capital Partners LLC grew its holdings in shares of Ares Capital by 3.3% during the 3rd quarter. Syntal Capital Partners LLC now owns 17,346 shares of the investment management company’s stock worth $338,000 after acquiring an additional 551 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Ares Capital by 1.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,595 shares of the investment management company’s stock worth $693,000 after acquiring an additional 587 shares during the period. Great Valley Advisor Group Inc. grew its holdings in shares of Ares Capital by 4.4% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 14,067 shares of the investment management company’s stock worth $274,000 after acquiring an additional 597 shares during the period. Advisory Services Network LLC grew its holdings in shares of Ares Capital by 1.1% during the 1st quarter. Advisory Services Network LLC now owns 54,276 shares of the investment management company’s stock worth $992,000 after acquiring an additional 607 shares during the period. Finally, Mirador Capital Partners LP grew its holdings in shares of Ares Capital by 0.3% during the 2nd quarter. Mirador Capital Partners LP now owns 208,201 shares of the investment management company’s stock worth $3,912,000 after acquiring an additional 701 shares during the period. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ARCC shares. Wells Fargo & Company upped their target price on Ares Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. JMP Securities reiterated a “market outperform” rating and set a $21.00 target price on shares of Ares Capital in a report on Tuesday. Finally, B. Riley cut Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Monday, January 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.80.

Ares Capital Stock Performance

Shares of ARCC opened at $20.48 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.06. The business’s 50 day moving average price is $20.24 and its 200-day moving average price is $19.83. Ares Capital Co. has a 52 week low of $17.53 and a 52 week high of $20.85. The stock has a market cap of $12.43 billion, a P/E ratio of 7.67 and a beta of 0.99.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings results on Wednesday, February 7th. The investment management company reported $0.63 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 business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. Equities research analysts anticipate that Ares Capital Co. will post 2.34 earnings per share for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a $0.48 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.92 annualized dividend and a yield of 9.38%. Ares Capital’s dividend payout ratio (DPR) is presently 71.91%.

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.