Atria Wealth Solutions Inc. Boosts Holdings in Ares Capital Co. (NASDAQ:ARCC)

Atria Wealth Solutions Inc. raised its stake in shares of Ares Capital Co. (NASDAQ:ARCC - Free Report) by 7.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 165,109 shares of the investment management company's stock after purchasing an additional 11,483 shares during the period. Atria Wealth Solutions Inc.'s holdings in Ares Capital were worth $3,614,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Blue Trust Inc. raised its position in Ares Capital by 56.8% during the third quarter. Blue Trust Inc. now owns 2,510 shares of the investment management company's stock valued at $52,000 after purchasing an additional 909 shares during the period. Raymond James & Associates boosted its position in Ares Capital by 12.0% during the 3rd quarter. Raymond James & Associates now owns 964,643 shares of the investment management company's stock valued at $20,200,000 after acquiring an additional 103,049 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Ares Capital by 6.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,842 shares of the investment management company's stock worth $227,000 after purchasing an additional 629 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Ares Capital by 6.9% in the 3rd quarter. Private Advisor Group LLC now owns 312,929 shares of the investment management company's stock worth $6,553,000 after purchasing an additional 20,189 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in Ares Capital by 2,104.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,613,285 shares of the investment management company's stock worth $756,620,000 after acquiring an additional 3,449,395 shares during the last quarter. Institutional investors own 27.38% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ARCC. StockNews.com lowered Ares Capital from a "hold" rating to a "sell" rating in a research note 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 report on Monday, February 3rd. B. Riley boosted their target price on Ares Capital from $21.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Raymond James downgraded shares of Ares Capital from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada boosted their target price on Ares Capital from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.94.

Ares Capital Price Performance

Shares of ARCC traded down $0.10 on Friday, hitting $23.30. The company's stock had a trading volume of 3,955,374 shares, compared to its average volume of 4,419,558. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.21. The company has a 50 day moving average price of $22.58 and a 200 day moving average price of $21.67. Ares Capital Co. has a fifty-two week low of $19.32 and a fifty-two week high of $23.84. The company has a market capitalization of $15.64 billion, a PE ratio of 9.51 and a beta of 1.01.

Ares Capital (NASDAQ:ARCC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The investment management company reported $0.55 EPS for the quarter, missing analysts' consensus estimates 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 anticipate that Ares Capital Co. will post 2.19 earnings per share for the current fiscal year.

Ares Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.48 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 8.24%. Ares Capital's dividend payout ratio is currently 78.37%.

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.