Kavar Capital Partners Group LLC Purchases 14,544 Shares of Ares Capital Corporation (NASDAQ:ARCC)

Kavar Capital Partners Group LLC grew its stake in Ares Capital Corporation (NASDAQ:ARCC - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 253,767 shares of the investment management company's stock after purchasing an additional 14,544 shares during the period. Kavar Capital Partners Group LLC's holdings in Ares Capital were worth $5,623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ARCC. Generali Asset Management SPA SGR acquired a new position in shares of Ares Capital in the 4th quarter worth approximately $84,426,000. Raymond James Financial Inc. acquired a new position in shares of Ares Capital in the 4th quarter worth approximately $58,159,000. Two Sigma Investments LP boosted its holdings in shares of Ares Capital by 81.0% in the 4th quarter. Two Sigma Investments LP now owns 2,678,525 shares of the investment management company's stock worth $58,633,000 after acquiring an additional 1,198,580 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Ares Capital by 26.0% in the 4th quarter. JPMorgan Chase & Co. now owns 4,268,547 shares of the investment management company's stock worth $93,439,000 after acquiring an additional 881,450 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Ares Capital by 12.3% in the 4th quarter. Bank of America Corp DE now owns 7,951,926 shares of the investment management company's stock worth $174,068,000 after acquiring an additional 871,370 shares in the last quarter. 27.38% of the stock is currently owned by institutional investors.

Ares Capital Price Performance

ARCC traded up $0.20 during trading on Friday, hitting $21.95. 4,548,962 shares of the stock traded hands, compared to its average volume of 4,190,132. Ares Capital Corporation has a twelve month low of $18.26 and a twelve month high of $23.84. The company has a market cap of $15.24 billion, a price-to-earnings ratio of 10.71 and a beta of 0.68. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.40 and a quick ratio of 1.40. The business has a 50 day moving average price of $21.48 and a 200 day moving average price of $21.91.

Ares Capital (NASDAQ:ARCC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The investment management company reported $0.50 earnings per share (EPS) 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 company 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 posted $0.59 earnings per share. The firm's quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts forecast that Ares Capital Corporation will post 2.19 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.92 annualized dividend and a dividend yield of 8.75%. Ares Capital's dividend payout ratio is 93.66%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ARCC shares. JPMorgan Chase & Co. reduced their price objective on Ares Capital from $24.50 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company upped their price objective on shares of Ares Capital from $21.00 to $22.00 and gave the company an "overweight" rating in a research report on Friday. Royal Bank Of Canada lowered 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. UBS Group lowered their target price on Ares Capital from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, B. Riley upgraded Ares Capital to a "hold" rating in a report on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. 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 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.