Two Sigma Advisers LP grew its position in shares of Ares Capital Co. (NASDAQ:ARCC - Free Report) by 189.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,302,501 shares of the investment management company's stock after buying an additional 852,801 shares during the period. Two Sigma Advisers LP owned about 0.19% of Ares Capital worth $28,512,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Ares Capital during the 4th quarter valued at approximately $519,000. Round Rock Advisors LLC bought a new position in Ares Capital in the fourth quarter worth about $1,512,000. Chicago Partners Investment Group LLC boosted its position in Ares Capital by 5.3% during the 4th quarter. Chicago Partners Investment Group LLC now owns 507,374 shares of the investment management company's stock valued at $11,208,000 after purchasing an additional 25,347 shares during the period. US Bancorp DE grew its position in shares of 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 acquiring an additional 1,945 shares during the last quarter. Finally, Magnus Financial Group LLC acquired a new stake in shares of Ares Capital in the 4th quarter worth about $671,000. Institutional investors and hedge funds own 27.38% of the company's stock.
Wall Street Analyst Weigh In
ARCC has been the subject of several recent analyst reports. Wells Fargo & Company decreased 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 report on Monday, April 28th. Royal Bank of Canada lowered their price target on Ares Capital from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price objective on shares of Ares Capital from $24.50 to $22.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. UBS Group decreased their target price on shares of Ares Capital from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, Raymond James downgraded shares of Ares Capital from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Ares Capital currently has an average rating of "Moderate Buy" and a consensus target price of $22.00.
Get Our Latest Stock Analysis on Ares Capital
Ares Capital Price Performance
NASDAQ:ARCC traded up $0.07 during mid-day trading on Monday, reaching $21.59. 2,118,072 shares of the stock were exchanged, compared to its average volume of 4,142,483. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.03. The business has a fifty day moving average price of $21.05 and a 200 day moving average price of $21.92. Ares Capital Co. has a 1-year low of $18.26 and a 1-year high of $23.84. The firm has a market capitalization of $14.99 billion, a PE ratio of 8.81 and a beta of 0.70.
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 net margin of 50.90% and a return on equity of 11.54%. The business had revenue of $599.00 million for the quarter, compared to the consensus estimate of $769.32 million. During the same quarter last year, the business posted $0.59 EPS. The business's revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts expect that Ares Capital Co. will post 2.19 earnings per share for the current fiscal year.
Ares Capital Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 dividend yield of 8.89%. Ares Capital's dividend payout ratio is currently 93.66%.
Ares Capital Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider Ares Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ares Capital wasn't on the list.
While Ares Capital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
