Jump Financial LLC Grows Position in Ares Capital Co. (NASDAQ:ARCC)

Jump Financial LLC grew its holdings in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 32.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 296,500 shares of the investment management company's stock after acquiring an additional 73,222 shares during the quarter. Jump Financial LLC owned 0.05% of Ares Capital worth $5,939,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Raymond James & Associates lifted its holdings in shares of Ares Capital by 0.6% during the third quarter. Raymond James & Associates now owns 738,614 shares of the investment management company's stock worth $14,381,000 after purchasing an additional 4,110 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Ares Capital by 13.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 430,678 shares of the investment management company's stock valued at $8,385,000 after purchasing an additional 50,717 shares during the last quarter. Brighton Jones LLC acquired a new stake in Ares Capital during the 3rd quarter worth about $197,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Ares Capital by 1.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,595 shares of the investment management company's stock valued at $693,000 after buying an additional 587 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Ares Capital by 29.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 241,231 shares of the investment management company's stock valued at $4,697,000 after buying an additional 55,386 shares during the last quarter. Institutional investors and hedge funds own 27.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ARCC shares. Wells Fargo & Company raised their target price on Ares Capital from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Monday, January 29th. Oppenheimer lifted their target price on shares of Ares Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Thursday, May 2nd. Truist Financial boosted their target price on shares of Ares Capital from $22.00 to $23.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. raised their price target on shares of Ares Capital from $21.50 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, May 2nd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $21.00 price objective on shares of Ares Capital in a research report on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Ares Capital presently has an average rating of "Moderate Buy" and an average target price of $21.43.

Ares Capital Price Performance

NASDAQ:ARCC traded up $0.18 during trading hours on Friday, hitting $21.10. 3,383,341 shares of the stock were exchanged, compared to its average volume of 2,829,478. The firm's fifty day moving average price is $20.49 and its 200 day moving average price is $20.14. Ares Capital Co. has a 52-week low of $18.00 and a 52-week high of $21.14. The company has a market cap of $12.82 billion, a P/E ratio of 7.23 and a beta of 0.99. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.99.

Ares Capital (NASDAQ:ARCC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The firm had revenue of $701.00 million for the quarter, compared to analysts' expectations of $703.85 million. Ares Capital had a return on equity of 12.37% and a net margin of 62.77%. The firm's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 earnings per share. As a group, equities research analysts anticipate that Ares Capital Co. will post 2.34 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.10%. The ex-dividend date is Thursday, June 13th. Ares Capital's dividend payout ratio (DPR) is 65.75%.

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.