MGO One Seven LLC Sells 26,399 Shares of Ares Capital Co. (NASDAQ:ARCC)

MGO One Seven LLC trimmed its stake in shares of Ares Capital Co. (NASDAQ:ARCC - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 366,265 shares of the investment management company's stock after selling 26,399 shares during the quarter. MGO One Seven LLC owned 0.05% of Ares Capital worth $8,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARCC. Generali Asset Management SPA SGR bought a new stake in shares of Ares Capital during the 4th quarter valued at $84,426,000. Raymond James Financial Inc. bought a new position in Ares Capital in the 4th quarter worth about $58,159,000. Van ECK Associates Corp increased its stake in Ares Capital by 11.8% in the 4th quarter. Van ECK Associates Corp now owns 14,145,706 shares of the investment management company's stock worth $309,649,000 after acquiring an additional 1,489,552 shares during the last quarter. JPMorgan Chase & Co. increased its stake in 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 during the last quarter. Finally, CCLA Investment Management increased its stake in Ares Capital by 31.6% in the 4th quarter. CCLA Investment Management now owns 2,211,955 shares of the investment management company's stock worth $48,419,000 after acquiring an additional 531,305 shares during the last quarter. 27.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ARCC. Keefe, Bruyette & Woods decreased their target price on Ares Capital from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada upped their price objective on Ares Capital from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. UBS Group cut their price objective on Ares Capital from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. StockNews.com cut Ares Capital from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Finally, Raymond James cut Ares Capital from an "outperform" rating to a "market perform" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $22.33.

Ares Capital Trading Up 0.0 %

ARCC traded up $0.01 during midday trading on Friday, reaching $21.11. 2,818,110 shares of the company's stock traded hands, compared to its average volume of 4,090,548. The firm has a fifty day moving average of $21.60 and a two-hundred day moving average of $21.95. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 8.62 and a beta of 0.77. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.21. Ares Capital Co. has a 52 week low of $18.26 and a 52 week high of $23.84.

Ares Capital (NASDAQ:ARCC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The investment management company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.03). Ares Capital had a net margin of 50.90% and a return on equity of 11.54%. On average, equities analysts anticipate that Ares Capital Co. will post 2.19 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.10%. The ex-dividend date was Friday, March 14th. Ares Capital's payout ratio is 78.37%.

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.