Atria Investments Inc Buys 39,420 Shares of Ares Capital Co. (NASDAQ:ARCC)

Atria Investments Inc grew its stake in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 76.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,676 shares of the investment management company's stock after acquiring an additional 39,420 shares during the quarter. Atria Investments Inc's holdings in Ares Capital were worth $1,985,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cyndeo Wealth Partners LLC grew its position 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 purchasing an additional 430 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Ares Capital by 0.9% during 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 buying an additional 512 shares during the last quarter. Western Financial Corp CA increased its position 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 acquiring an additional 564 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in Ares Capital by 1.6% in the 4th quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company's stock worth $812,000 after acquiring an additional 567 shares during the last quarter. Finally, Tyche Wealth Partners LLC lifted its position in Ares Capital by 3.6% in the 4th quarter. Tyche Wealth Partners LLC now owns 16,455 shares of the investment management company's stock valued at $360,000 after acquiring an additional 578 shares in the last quarter. 27.38% of the stock is currently owned by institutional investors.

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Ares Capital Stock Performance

Ares Capital stock traded down $0.31 during trading on Thursday, reaching $21.44. The company had a trading volume of 5,284,560 shares, compared to its average volume of 3,685,907. The firm's 50-day simple moving average is $22.91 and its 200 day simple moving average is $21.89. Ares Capital Co. has a 52 week low of $19.32 and a 52 week high of $23.84. 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 firm has a market capitalization of $14.40 billion, a price-to-earnings ratio of 8.75 and a beta of 1.00.

Ares Capital (NASDAQ:ARCC - Get Free Report) last released its earnings results 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%. Sell-side analysts forecast that Ares Capital Co. will post 2.19 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date is Friday, March 14th. Ares Capital's dividend payout ratio (DPR) is 78.37%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ARCC. Raymond James cut Ares Capital from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods boosted their target price on Ares Capital from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. StockNews.com downgraded shares of Ares Capital from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Royal Bank of Canada increased their price objective on shares of Ares Capital from $23.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company cut their target price on shares of Ares Capital from $24.00 to $23.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have issued 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.94.

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.