SFG Wealth Management LLC. Invests $734,000 in Ares Capital Corporation (NASDAQ:ARCC)

SFG Wealth Management LLC. bought a new position in shares of Ares Capital Corporation (NASDAQ:ARCC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 33,111 shares of the investment management company's stock, valued at approximately $734,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. US Bancorp DE boosted its holdings in Ares Capital by 4.7% during the fourth quarter. US Bancorp DE now owns 43,056 shares of the investment management company's stock worth $942,000 after purchasing an additional 1,945 shares during the last quarter. M&T Bank Corp purchased a new position in Ares Capital during the fourth quarter worth about $222,000. GAMMA Investing LLC boosted its holdings in Ares Capital by 2,116.0% during the first quarter. GAMMA Investing LLC now owns 13,274 shares of the investment management company's stock worth $2,940,000 after purchasing an additional 12,675 shares during the last quarter. Assetmark Inc. boosted its holdings in Ares Capital by 361.8% during the fourth quarter. Assetmark Inc. now owns 3,999 shares of the investment management company's stock worth $88,000 after purchasing an additional 3,133 shares during the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in Ares Capital during the fourth quarter worth about $314,000. 27.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ARCC shares. UBS Group dropped their target price on shares of Ares Capital from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Keefe, Bruyette & Woods dropped their target price on shares of Ares Capital from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company boosted their target price on shares of Ares Capital from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday. Royal Bank Of Canada dropped their target price on shares of 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, B. Riley upgraded shares of Ares Capital to a "hold" rating in a research note 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

Ares Capital Stock Performance

Shares of ARCC stock traded up $0.20 during trading on Friday, reaching $21.95. 4,548,962 shares of the company's stock traded hands, compared to its average volume of 4,190,132. The firm's 50-day moving average is $21.48 and its 200 day moving average is $21.91. 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 company has a market capitalization of $15.24 billion, a P/E ratio of 10.71 and a beta of 0.68. 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 earnings results on Tuesday, April 29th. The investment management company reported $0.50 earnings per share 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 the consensus estimate of $769.32 million. Ares Capital had a return on equity of 11.05% and a net margin of 43.50%. The business's revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. Equities research analysts expect that Ares Capital Corporation will post 2.19 EPS for the current year.

Ares Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 8.75%. The ex-dividend date of this dividend is Friday, June 13th. Ares Capital's dividend payout ratio (DPR) is presently 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.