CreativeOne Wealth LLC Grows Holdings in Ares Capital Co. (NASDAQ:ARCC)

CreativeOne Wealth LLC boosted its position in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 273.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 154,680 shares of the investment management company's stock after acquiring an additional 113,272 shares during the period. CreativeOne Wealth LLC's holdings in Ares Capital were worth $3,386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of Ares Capital in the fourth quarter worth $519,000. Round Rock Advisors LLC bought a new position in shares of Ares Capital in the fourth quarter valued at approximately $1,512,000. Chicago Partners Investment Group LLC grew its stake in Ares Capital by 5.3% during the fourth quarter. Chicago Partners Investment Group LLC now owns 507,374 shares of the investment management company's stock valued at $11,208,000 after acquiring an additional 25,347 shares in the last quarter. Franklin Resources Inc. increased its holdings in Ares Capital by 24.3% during the 3rd quarter. Franklin Resources Inc. now owns 650,163 shares of the investment management company's stock worth $13,900,000 after acquiring an additional 127,219 shares during the period. Finally, US Bancorp DE boosted its holdings in Ares Capital by 4.7% in the 4th quarter. US Bancorp DE now owns 43,056 shares of the investment management company's stock valued at $942,000 after purchasing an additional 1,945 shares during the period. Institutional investors own 27.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ARCC. StockNews.com cut Ares Capital from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised their target price on shares of Ares Capital from $23.00 to $24.50 and gave the company an "overweight" rating in a research note on Monday, February 3rd. UBS Group decreased their price target on shares of Ares Capital from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday. Royal Bank of Canada upped their target price on shares of Ares Capital from $23.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Raymond James lowered Ares Capital from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Ares Capital presently has an average rating of "Moderate Buy" and an average target price of $22.61.

Ares Capital Trading Up 1.5 %

Shares of Ares Capital stock traded up $0.31 during trading on Thursday, reaching $20.40. 4,220,250 shares of the stock were exchanged, compared to its average volume of 4,034,250. Ares Capital Co. has a 1 year low of $18.26 and a 1 year high of $23.84. The firm has a market cap of $13.96 billion, a price-to-earnings ratio of 8.33 and a beta of 0.77. 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 stock's fifty day moving average is $21.95 and its 200 day moving average is $21.95.

Ares Capital (NASDAQ:ARCC - Get Free Report) last posted its earnings results on Wednesday, February 5th. The investment management company reported $0.55 earnings per share (EPS) 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%. As a group, equities research analysts expect that Ares Capital Co. will post 2.19 earnings per share for the current fiscal year.

Ares Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.92 annualized dividend and a yield of 9.41%. Ares Capital's dividend payout ratio (DPR) is presently 78.37%.

About Ares Capital

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.