Mesirow Financial Investment Management Inc. Buys 18,857 Shares of Ares Capital Co. (NASDAQ:ARCC)

Mesirow Financial Investment Management Inc. lifted its holdings in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 230,654 shares of the investment management company's stock after acquiring an additional 18,857 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Ares Capital were worth $5,049,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Cyndeo Wealth Partners LLC boosted its holdings in Ares Capital by 2.3% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 19,148 shares of the investment management company's stock valued at $419,000 after acquiring an additional 430 shares during the period. Sheaff Brock Investment Advisors LLC lifted its position in Ares Capital by 0.9% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 56,182 shares of the investment management company's stock valued at $1,230,000 after purchasing an additional 512 shares during the last quarter. Western Financial Corp CA boosted its stake in shares of Ares Capital by 2.2% during the fourth quarter. Western Financial Corp CA now owns 26,387 shares of the investment management company's stock valued at $578,000 after purchasing an additional 564 shares during the period. Koshinski Asset Management Inc. grew its holdings in shares of Ares Capital by 1.6% in the fourth quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company's stock worth $812,000 after purchasing an additional 567 shares during the last quarter. Finally, Tyche Wealth Partners LLC increased its stake in shares of Ares Capital by 3.6% in the fourth quarter. Tyche Wealth Partners LLC now owns 16,455 shares of the investment management company's stock worth $360,000 after buying an additional 578 shares during the period. Hedge funds and other institutional investors own 27.38% of the company's stock.

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Ares Capital Stock Down 0.5 %

NASDAQ:ARCC traded down $0.11 during mid-day trading on Wednesday, hitting $21.75. 6,089,662 shares of the company's stock were exchanged, compared to its average volume of 3,682,239. Ares Capital Co. has a one year low of $19.32 and a one year high of $23.84. The business has a fifty day moving average price of $22.92 and a 200 day moving average price of $21.90. The company has a market cap of $14.60 billion, a PE ratio of 8.88 and a beta of 1.00. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.21.

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

Ares Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 8.83%. Ares Capital's payout ratio is 78.37%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ARCC shares. Royal Bank of Canada raised their price target on shares of Ares Capital from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Wells Fargo & Company reduced their price target on Ares Capital from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. StockNews.com cut Ares Capital from a "hold" rating to a "sell" rating in a report on Friday, February 7th. 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 research note on Monday, February 3rd. Finally, Raymond James lowered Ares Capital from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 6th. 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $22.94.

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.