Ares Capital Corporation (NASDAQ:ARCC) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in Ares Capital Corporation (NASDAQ:ARCC - Free Report) by 15.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 932,170 shares of the investment management company's stock after buying an additional 126,956 shares during the quarter. Janney Montgomery Scott LLC owned 0.14% of Ares Capital worth $20,657,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Investment Advisors grew its stake in Ares Capital by 4.1% in the 4th quarter. World Investment Advisors now owns 12,521 shares of the investment management company's stock valued at $274,000 after acquiring an additional 488 shares during the last quarter. Fiduciary Group LLC increased its position in Ares Capital by 2.3% during the fourth quarter. Fiduciary Group LLC now owns 21,851 shares of the investment management company's stock worth $478,000 after buying an additional 500 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Ares Capital by 20.3% in the fourth quarter. First Horizon Advisors Inc. now owns 3,564 shares of the investment management company's stock worth $78,000 after acquiring an additional 602 shares during the last quarter. Magnus Financial Group LLC raised its holdings in shares of Ares Capital by 2.2% in the first quarter. Magnus Financial Group LLC now owns 31,319 shares of the investment management company's stock worth $694,000 after acquiring an additional 664 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Ares Capital by 2.8% in the first quarter. SG Americas Securities LLC now owns 24,361 shares of the investment management company's stock valued at $540,000 after acquiring an additional 666 shares in the last quarter. Institutional investors and hedge funds own 27.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ARCC shares. JPMorgan Chase & Co. cut their target price on shares of Ares Capital from $24.50 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. B. Riley raised shares of Ares Capital to a "hold" rating in a research note on Monday. Wells Fargo & Company lowered their target price on shares of Ares Capital from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. UBS Group reduced their price target on Ares Capital from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Royal Bank Of Canada dropped their target price on Ares Capital from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. One 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 company. According to data from MarketBeat.com, Ares Capital has an average rating of "Moderate Buy" and an average price target of $22.00.

Ares Capital Trading Up 0.9%

Shares of ARCC traded up $0.19 during mid-day trading on Thursday, reaching $21.51. The company had a trading volume of 3,435,180 shares, compared to its average volume of 4,166,925. The stock has a market cap of $14.93 billion, a price-to-earnings ratio of 10.49 and a beta of 0.68. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $21.27 and a 200-day simple moving average of $21.94. Ares Capital Corporation has a fifty-two week low of $18.26 and a fifty-two week high of $23.84.

Ares Capital (NASDAQ:ARCC - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $599.00 million for the quarter, compared to analysts' expectations of $769.32 million. Ares Capital had a net margin of 43.50% and a return on equity of 11.05%. Ares Capital's revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. On average, sell-side analysts anticipate that Ares Capital Corporation will post 2.19 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.92 annualized dividend and a yield of 8.93%. Ares Capital's payout ratio is 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.