one8zero8 LLC Purchases Shares of 385,064 Ares Capital Co. (NASDAQ:ARCC)

one8zero8 LLC acquired a new stake in Ares Capital Co. (NASDAQ:ARCC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 385,064 shares of the investment management company's stock, valued at approximately $8,429,000. Ares Capital makes up approximately 1.8% of one8zero8 LLC's portfolio, making the stock its 11th biggest position. one8zero8 LLC owned 0.06% of Ares Capital as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Atria Investments Inc lifted its holdings in Ares Capital by 8.2% during the third quarter. Atria Investments Inc now owns 51,256 shares of the investment management company's stock worth $1,073,000 after buying an additional 3,868 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Ares Capital by 4.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 885,406 shares of the investment management company's stock worth $18,540,000 after purchasing an additional 38,559 shares during the last quarter. Kovack Advisors Inc. boosted its position in Ares Capital by 6.2% during the third quarter. Kovack Advisors Inc. now owns 11,218 shares of the investment management company's stock valued at $235,000 after purchasing an additional 650 shares in the last quarter. Muzinich & Co. Inc. grew its stake in Ares Capital by 4.5% in the third quarter. Muzinich & Co. Inc. now owns 898,617 shares of the investment management company's stock valued at $18,817,000 after purchasing an additional 38,559 shares during the last quarter. Finally, Sage Advisors LLC raised its holdings in Ares Capital by 4.5% in the third quarter. Sage Advisors LLC now owns 910,625 shares of the investment management company's stock worth $19,068,000 after purchasing an additional 39,017 shares in the last quarter. 27.38% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ARCC. Royal Bank of Canada raised their price target on shares of Ares Capital from $23.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on shares of Ares Capital from $23.00 to $24.50 and gave the stock an "overweight" rating in a report on Monday, February 3rd. StockNews.com downgraded Ares Capital from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Wells Fargo & Company lowered their price objective on Ares Capital from $24.00 to $23.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upped their target price on Ares Capital from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Ares Capital has an average rating of "Moderate Buy" and a consensus price target of $22.94.

Ares Capital Stock Performance

Shares of ARCC stock traded down $0.02 during mid-day trading on Thursday, reaching $21.73. The stock had a trading volume of 4,607,770 shares, compared to its average volume of 3,694,791. Ares Capital Co. has a 1-year low of $19.32 and a 1-year high of $23.84. The firm has a market cap of $14.81 billion, a price-to-earnings ratio of 8.87 and a beta of 1.00. 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's fifty day moving average is $22.86 and its 200-day moving average is $21.91.

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

Ares Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 8.84%. Ares Capital's dividend payout ratio is presently 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.