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Ares Capital Co. (NASDAQ:ARCC) is Vista Finance LLC's 3rd Largest Position

Ares Capital logo with Finance background

Vista Finance LLC raised its stake in shares of Ares Capital Co. (NASDAQ:ARCC - Free Report) by 42.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 548,195 shares of the investment management company's stock after acquiring an additional 163,887 shares during the period. Ares Capital makes up 10.5% of Vista Finance LLC's investment portfolio, making the stock its 3rd biggest holding. Vista Finance LLC owned 0.08% of Ares Capital worth $12,148,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Montag & Caldwell LLC purchased a new stake in shares of Ares Capital in the fourth quarter valued at approximately $33,000. VSM Wealth Advisory LLC acquired a new stake in Ares Capital in the fourth quarter valued at $35,000. Promus Capital LLC purchased a new stake in shares of Ares Capital during the 4th quarter worth $48,000. SRS Capital Advisors Inc. acquired a new position in shares of Ares Capital during the 4th quarter worth $60,000. Finally, Montag A & Associates Inc. lifted its stake in shares of Ares Capital by 92.6% in the fourth quarter. Montag A & Associates Inc. now owns 2,889 shares of the investment management company's stock valued at $63,000 after purchasing an additional 1,389 shares during the period. 27.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ARCC has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Ares Capital from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Monday, April 28th. UBS Group reduced their price objective on Ares Capital from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Royal Bank of Canada decreased their target price on Ares Capital from $24.00 to $23.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods dropped their price target on Ares Capital from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Ares Capital from $24.50 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.00.

Read Our Latest Stock Report on ARCC

Ares Capital Price Performance

Shares of NASDAQ ARCC remained flat at $21.32 during trading on Tuesday. 5,120,134 shares of the stock traded hands, compared to its average volume of 4,166,966. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $14.80 billion, a price-to-earnings ratio of 8.70 and a beta of 0.68. The stock has a 50-day moving average of $21.25 and a 200-day moving average of $21.94. Ares Capital Co. has a one year low of $18.26 and a one year high of $23.84.

Ares Capital (NASDAQ:ARCC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The investment management company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.04). Ares Capital had a net margin of 50.90% and a return on equity of 11.54%. The business had revenue of $599.00 million during the quarter, compared to analysts' expectations of $769.32 million. During the same period in the prior year, the business posted $0.59 EPS. The business's revenue was up 4.4% on a year-over-year basis. Research analysts predict that Ares Capital Co. will post 2.19 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.01%. Ares Capital's dividend payout ratio is currently 93.66%.

Ares Capital Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ares Capital (NASDAQ:ARCC)

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