56,066 Shares in Ares Capital Corporation (NASDAQ:ARCC) Bought by Calton & Associates Inc.

Calton & Associates Inc. purchased a new stake in Ares Capital Corporation (NASDAQ:ARCC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 56,066 shares of the investment management company's stock, valued at approximately $1,242,000.

Other large investors also recently made changes to their positions in the company. Two Sigma Investments LP grew its position in Ares Capital by 81.0% in the fourth quarter. Two Sigma Investments LP now owns 2,678,525 shares of the investment management company's stock worth $58,633,000 after buying an additional 1,198,580 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Ares Capital by 26.0% in the fourth quarter. JPMorgan Chase & Co. now owns 4,268,547 shares of the investment management company's stock valued at $93,439,000 after purchasing an additional 881,450 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Ares Capital by 12.3% during the 4th quarter. Bank of America Corp DE now owns 7,951,926 shares of the investment management company's stock valued at $174,068,000 after acquiring an additional 871,370 shares in the last quarter. Two Sigma Advisers LP grew its stake in Ares Capital by 189.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,302,501 shares of the investment management company's stock valued at $28,512,000 after purchasing an additional 852,801 shares in the last quarter. Finally, Spinnaker Trust purchased a new position in Ares Capital in the first quarter valued at about $11,390,000. Institutional investors and hedge funds own 27.38% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ARCC shares. Royal Bank Of Canada cut their price objective on shares of Ares Capital from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price objective on Ares Capital from $24.50 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. UBS Group upped their target price on shares of Ares Capital from $22.00 to $22.50 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods dropped their target price on shares of 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, Wells Fargo & Company upped their target price on shares of Ares Capital from $21.00 to $22.00 and gave the company an "overweight" rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Ares Capital currently has an average rating of "Moderate Buy" and a consensus target price of $22.21.

Ares Capital Trading Down 1.5%

ARCC traded down $0.36 during trading on Monday, reaching $22.86. 2,394,519 shares of the stock traded hands, compared to its average volume of 4,217,716. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $15.87 billion, a PE ratio of 11.16 and a beta of 0.67. The stock's 50-day moving average is $22.04 and its 200 day moving average is $22.01. Ares Capital Corporation has a 12 month low of $18.26 and a 12 month high of $23.84.

Ares Capital (NASDAQ:ARCC - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.04). Ares Capital had a return on equity of 11.05% and a net margin of 43.50%. The company had revenue of $599.00 million for the quarter, compared to the consensus estimate of $769.32 million. During the same period last year, the company earned $0.59 EPS. Ares Capital's revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts anticipate that Ares Capital Corporation will post 2.19 earnings per share for the current year.

Ares Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.92 annualized dividend and a dividend yield of 8.40%. Ares Capital's payout ratio is currently 93.66%.

Ares Capital 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.