B. Riley Wealth Advisors Inc. Has $1.39 Million Stock Holdings in Ares Capital Co. (NASDAQ:ARCC)

B. Riley Wealth Advisors Inc. lowered its position in shares of Ares Capital Co. (NASDAQ:ARCC - Free Report) by 48.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,218 shares of the investment management company's stock after selling 62,443 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Ares Capital were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ARCC. JBR Co Financial Management Inc increased its holdings in shares of Ares Capital by 1.5% during the third quarter. JBR Co Financial Management Inc now owns 33,047 shares of the investment management company's stock worth $692,000 after purchasing an additional 500 shares during the period. Onyx Bridge Wealth Group LLC lifted its position in shares of Ares Capital by 1.2% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 43,609 shares of the investment management company's stock valued at $913,000 after acquiring an additional 531 shares during the period. Centaurus Financial Inc. increased its position in shares of Ares Capital by 3.9% in the second quarter. Centaurus Financial Inc. now owns 14,428 shares of the investment management company's stock worth $301,000 after purchasing an additional 542 shares during the period. Western Financial Corp CA raised its stake in Ares Capital by 2.3% in the third quarter. Western Financial Corp CA now owns 25,823 shares of the investment management company's stock valued at $541,000 after purchasing an additional 579 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Ares Capital by 6.2% during the third 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 during the period. 27.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARCC has been the subject of a number of recent analyst reports. UBS Group raised shares of Ares Capital to a "hold" rating in a report on Friday, August 23rd. StockNews.com raised Ares Capital from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. B. Riley upped their price objective on Ares Capital from $21.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company raised shares of Ares Capital from an "equal weight" rating to an "overweight" rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ares Capital currently has an average rating of "Moderate Buy" and a consensus price target of $22.29.

Ares Capital Trading Down 0.6 %

NASDAQ:ARCC traded down $0.12 during trading hours on Tuesday, hitting $21.30. 4,763,102 shares of the company were exchanged, compared to its average volume of 3,483,995. The company has a fifty day simple moving average of $21.65 and a 200 day simple moving average of $21.13. Ares Capital Co. has a one year low of $19.32 and a one year high of $22.43. The stock has a market capitalization of $13.76 billion, a price-to-earnings ratio of 8.19 and a beta of 1.01. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.06.

Ares Capital (NASDAQ:ARCC - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The investment management company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.01). Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. The firm had revenue of $755.00 million for the quarter, compared to the consensus estimate of $770.45 million. During the same quarter in the previous year, the business posted $0.59 EPS. The firm's revenue for the quarter was up 15.3% compared to the same quarter last year. Sell-side analysts expect that Ares Capital Co. will post 2.36 EPS for the current fiscal year.

Ares Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.01%. The ex-dividend date of this dividend is Friday, December 13th. Ares Capital's dividend payout ratio (DPR) is presently 73.85%.

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.