Erste Asset Management GmbH lifted its stake in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 484.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,000 shares of the investment management company's stock after purchasing an additional 152,500 shares during the period. Erste Asset Management GmbH's holdings in Ares Capital were worth $4,037,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in Ares Capital during the 4th quarter worth about $58,159,000. Van ECK Associates Corp lifted its holdings in Ares Capital by 11.8% during 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 buying an additional 1,489,552 shares during the last quarter. CCLA Investment Management lifted its holdings in Ares Capital by 31.6% during the 4th quarter. CCLA Investment Management now owns 2,211,955 shares of the investment management company's stock worth $48,419,000 after buying an additional 531,305 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Ares Capital by 48.6% during the 4th quarter. HighTower Advisors LLC now owns 1,400,539 shares of the investment management company's stock worth $30,658,000 after buying an additional 458,360 shares during the last quarter. Finally, Columbus Macro LLC purchased a new stake in Ares Capital during the 4th quarter worth about $8,870,000. 27.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ARCC. Royal Bank of Canada lifted their price target on Ares Capital from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Raymond James downgraded Ares Capital from an "outperform" rating to a "market perform" rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their target price on Ares Capital from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Wells Fargo & Company reduced their target price on Ares Capital from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price on Ares Capital from $23.00 to $24.50 and gave the company an "overweight" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Ares Capital presently has an average rating of "Moderate Buy" and an average target price of $22.94.
Read Our Latest Report on ARCC
Ares Capital Trading Down 0.3 %
Shares of ARCC stock traded down $0.07 on Wednesday, reaching $21.75. 3,755,835 shares of the stock were exchanged, compared to its average volume of 3,692,586. Ares Capital Co. has a 1-year low of $19.32 and a 1-year high of $23.84. The stock has a market cap of $14.82 billion, a P/E ratio of 8.88 and a beta of 1.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.03. The firm has a 50 day moving average of $22.87 and a two-hundred day moving average of $21.92.
Ares Capital (NASDAQ:ARCC - Get Free Report) last announced its 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 net margin of 50.90% and a return on equity of 11.54%. On average, research analysts anticipate that Ares Capital Co. will post 2.19 EPS for the current year.
Ares Capital Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.48 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 8.83%. Ares Capital's dividend payout ratio (DPR) is 78.37%.
About Ares Capital
(
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.
Featured Articles
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
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
