Bruni J V & Co. Co. lessened its position in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,363,478 shares of the investment management company's stock after selling 16,469 shares during the period. Ares Capital comprises approximately 3.4% of Bruni J V & Co. Co.'s holdings, making the stock its 15th biggest holding. Bruni J V & Co. Co. owned about 0.21% of Ares Capital worth $29,847,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in the company. Horizon Financial Services LLC bought a new position in Ares Capital in the 3rd quarter valued at $28,000. Blue Trust Inc. raised its holdings in shares of Ares Capital by 56.8% in the third quarter. Blue Trust Inc. now owns 2,510 shares of the investment management company's stock valued at $52,000 after buying an additional 909 shares during the last quarter. Montag A & Associates Inc. lifted its position in Ares Capital by 92.6% during the 4th quarter. Montag A & Associates Inc. now owns 2,889 shares of the investment management company's stock worth $63,000 after buying an additional 1,389 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in Ares Capital by 200.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 3,000 shares of the investment management company's stock worth $66,000 after buying an additional 2,000 shares in the last quarter. Finally, Quarry LP bought a new stake in Ares Capital during the 3rd quarter worth about $67,000. Institutional investors own 27.38% of the company's stock.
Ares Capital Trading Down 1.3 %
ARCC traded down $0.31 during mid-day trading on Tuesday, hitting $22.93. The stock had a trading volume of 4,357,525 shares, compared to its average volume of 4,295,121. The stock's fifty day simple moving average is $22.84 and its 200-day simple moving average is $21.83. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 9.36 and a beta of 1.01. Ares Capital Co. has a 1-year low of $19.32 and a 1-year high of $23.84. 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 issued its quarterly earnings data on Wednesday, February 5th. The investment management company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). Ares Capital had a return on equity of 11.54% and a net margin of 50.90%. As a group, research analysts forecast that Ares Capital Co. will post 2.19 EPS for the current fiscal year.
Ares Capital Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.48 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 8.38%. Ares Capital's dividend payout ratio is presently 78.37%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on ARCC. JPMorgan Chase & Co. upped their target price on shares of Ares Capital from $23.00 to $24.50 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. StockNews.com cut shares of Ares Capital from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Royal Bank of Canada increased their price objective on Ares Capital from $23.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Raymond James downgraded Ares Capital from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company cut their price target on Ares Capital from $24.00 to $23.00 and set an "overweight" rating on the stock 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 issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $22.94.
View Our Latest Stock Analysis on Ares Capital
About Ares Capital
(
Free Report)
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.
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