Ares Capital Co. (NASDAQ:ARCC) Shares Acquired by Capital Advisors Inc. OK

Capital Advisors Inc. OK lifted its stake in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,174,984 shares of the investment management company's stock after acquiring an additional 124,777 shares during the quarter. Capital Advisors Inc. OK owned 0.21% of Ares Capital worth $23,535,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Koshinski Asset Management Inc. grew its position in Ares Capital by 16.3% in the 4th quarter. Koshinski Asset Management Inc. now owns 40,854 shares of the investment management company's stock valued at $818,000 after acquiring an additional 5,721 shares in the last quarter. NewEdge Wealth LLC acquired a new position in shares of Ares Capital in the fourth quarter worth $1,497,000. Plan Group Financial LLC increased its position in shares of Ares Capital by 5.9% during the fourth quarter. Plan Group Financial LLC now owns 17,373 shares of the investment management company's stock worth $348,000 after acquiring an additional 971 shares during the period. Perigon Wealth Management LLC raised its stake in shares of Ares Capital by 33.7% in the fourth quarter. Perigon Wealth Management LLC now owns 32,770 shares of the investment management company's stock valued at $656,000 after acquiring an additional 8,259 shares in the last quarter. Finally, Morton Brown Family Wealth LLC purchased a new position in Ares Capital in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 27.38% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on Ares Capital from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Monday, January 29th. JMP Securities reaffirmed a "market outperform" rating and issued a $21.00 target price on shares of Ares Capital in a report on Tuesday, March 26th. Finally, B. Riley cut shares of Ares Capital from a "buy" rating to a "neutral" rating and set a $21.00 price target for the company. in a report on Monday, January 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Ares Capital presently has an average rating of "Hold" and a consensus target price of $20.80.

Ares Capital Stock Down 1.2 %

Shares of NASDAQ ARCC traded down $0.24 during midday trading on Friday, hitting $20.28. 2,826,405 shares of the company's stock were exchanged, compared to its average volume of 3,312,764. The firm's fifty day simple moving average is $20.28 and its 200-day simple moving average is $19.92. The company has a market cap of $12.31 billion, a PE ratio of 7.60 and a beta of 1.00. Ares Capital Co. has a twelve month low of $17.53 and a twelve month high of $20.86. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.24 and a quick ratio of 1.24.

Ares Capital (NASDAQ:ARCC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The investment management company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. Ares Capital had a net margin of 58.22% and a return on equity of 12.50%. The company had revenue of $707.00 million for the quarter, compared to analyst estimates of $669.78 million. During the same period in the prior year, the firm posted $0.68 earnings per share. The firm's revenue was up 10.5% on a year-over-year basis. Research analysts predict that Ares Capital Co. will post 2.35 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.47%. The ex-dividend date of this dividend was Thursday, March 14th. Ares Capital's payout ratio is currently 71.91%.

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.