75,075 Shares in Ares Capital Corporation $ARCC Acquired by Global Retirement Partners LLC

Key Points

• Global Retirement Partners LLC acquired 75,075 shares of Ares Capital worth approximately $1.39 million, while institutional investors collectively own 27.38% of the company.
• Ares Capital reported quarterly EPS of $0.47, matching estimates, and revenue of $768 million. The company declared a quarterly dividend of $0.48, equivalent to an annualized yield of about 9.8%.
• Analysts maintain a generally positive view, with eight Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $20.40.

Global Retirement Partners LLC bought a new position in Ares Capital Corporation (NASDAQ:ARCC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 75,075 shares of the investment management company's stock, valued at approximately $1,391,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Roman Butler Fullerton & Co. boosted its stake in Ares Capital by 1.9% during the 1st quarter. Roman Butler Fullerton & Co. now owns 27,713 shares of the investment management company's stock valued at $504,000 after purchasing an additional 528 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in shares of Ares Capital by 5.3% in the fourth quarter. First Citizens Bank & Trust Co. now owns 10,530 shares of the investment management company's stock worth $213,000 after purchasing an additional 532 shares during the last quarter. CWS Financial Advisors LLC lifted its holdings in shares of Ares Capital by 4.0% during the first quarter. CWS Financial Advisors LLC now owns 14,956 shares of the investment management company's stock valued at $270,000 after purchasing an additional 582 shares in the last quarter. Astoria Portfolio Advisors LLC. boosted its position in shares of Ares Capital by 5.9% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 10,616 shares of the investment management company's stock valued at $202,000 after buying an additional 592 shares during the last quarter. Finally, Founders Financial Alliance LLC increased its holdings in Ares Capital by 1.8% in the 4th quarter. Founders Financial Alliance LLC now owns 34,362 shares of the investment management company's stock worth $695,000 after buying an additional 620 shares in the last quarter. 27.38% of the stock is currently owned by institutional investors.

Ares Capital Stock Down 1.2%

Shares of ARCC opened at $19.64 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 14.55 and a beta of 0.56. Ares Capital Corporation has a 1 year low of $17.40 and a 1 year high of $22.62. The business's 50 day simple moving average is $18.88 and its 200-day simple moving average is $18.82.

Ares Capital (NASDAQ:ARCC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Ares Capital had a return on equity of 9.80% and a net margin of 30.91%.The business had revenue of $768.00 million during the quarter, compared to analyst estimates of $770.19 million. During the same period last year, the company earned $0.50 EPS. As a group, equities analysts expect that Ares Capital Corporation will post 1.91 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.8%. Ares Capital's dividend payout ratio is presently 142.22%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ARCC shares. Wall Street Zen cut shares of Ares Capital from a "hold" rating to a "sell" rating in a report on Sunday, August 2nd. B. Riley Financial decreased their target price on shares of Ares Capital from $22.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, April 29th. Royal Bank Of Canada dropped their price target on Ares Capital from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 29th. Truist Financial cut their price objective on Ares Capital from $22.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $19.00 target price (down from $20.00) on shares of Ares Capital in a research report on Friday, June 12th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.40.

Ares Capital Company Profile

Ares Capital Corporation NASDAQ: ARCC is a publicly traded business development company (BDC) that specializes in providing debt and equity financing solutions to U.S. middle-market companies. As a BDC, Ares Capital offers investors access to a diversified portfolio of tailored credit investments, including senior secured loans, unitranche financing, mezzanine debt and equity co-investments. The firm's flexible capital structures are designed to support companies seeking growth capital, refinancing or strategic acquisitions.

Through its credit platform, Ares Capital focuses on originations, underwriting and portfolio management across a range of industries, with a particular emphasis on sectors such as healthcare, technology, industrials and business services.

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