Capital Advisors Inc. OK Purchases 49,111 Shares of Ares Capital Corporation (NASDAQ:ARCC)

Capital Advisors Inc. OK boosted its holdings in shares of Ares Capital Corporation (NASDAQ:ARCC - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,530,843 shares of the investment management company's stock after acquiring an additional 49,111 shares during the period. Capital Advisors Inc. OK owned approximately 0.22% of Ares Capital worth $33,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ARCC. Montag & Caldwell LLC bought a new position in Ares Capital in the fourth quarter valued at $33,000. VSM Wealth Advisory LLC bought a new position in Ares Capital in the 4th quarter valued at about $35,000. Continuum Advisory LLC lifted its holdings in Ares Capital by 320.7% during the 1st quarter. Continuum Advisory LLC now owns 1,628 shares of the investment management company's stock worth $36,000 after purchasing an additional 1,241 shares during the last quarter. PSI Advisors LLC increased its position in Ares Capital by 121.1% during the 1st quarter. PSI Advisors LLC now owns 2,100 shares of the investment management company's stock worth $47,000 after buying an additional 1,150 shares during the period. Finally, Rosenberg Matthew Hamilton increased its position in Ares Capital by 137.6% during the 1st quarter. Rosenberg Matthew Hamilton now owns 2,704 shares of the investment management company's stock worth $60,000 after buying an additional 1,566 shares during the period. Institutional investors own 27.38% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ARCC. Wells Fargo & Company boosted their price target on Ares Capital from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. reduced their target price on Ares Capital from $24.50 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their price target on Ares Capital from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Royal Bank Of Canada reduced their price objective on Ares Capital from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Finally, UBS Group dropped their target price on shares of Ares Capital from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. One 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 assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

Ares Capital Trading Up 0.4%

NASDAQ:ARCC traded up $0.09 on Tuesday, reaching $22.42. 2,225,047 shares of the stock traded hands, compared to its average volume of 4,208,388. The firm has a market capitalization of $15.56 billion, a price-to-earnings ratio of 10.94 and a beta of 0.67. The company's 50 day moving average is $21.66 and its 200-day moving average is $21.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.02. Ares Capital Corporation has a 1-year low of $18.26 and a 1-year high of $23.84.

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

Ares Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 8.56%. The ex-dividend date was Friday, June 13th. Ares Capital's dividend payout ratio (DPR) is presently 93.66%.

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.