Ares Capital Co. (NASDAQ:ARCC) Stock Position Trimmed by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its position in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 95.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 180,878 shares of the investment management company's stock after selling 3,432,407 shares during the quarter. International Assets Investment Management LLC's holdings in Ares Capital were worth $4,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. JBR Co Financial Management Inc boosted its position in Ares Capital by 1.5% during the 3rd 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 stake in shares of Ares Capital by 1.2% during the third quarter. Onyx Bridge Wealth Group LLC now owns 43,609 shares of the investment management company's stock worth $913,000 after purchasing an additional 531 shares in the last quarter. Centaurus Financial Inc. boosted 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 buying an additional 542 shares during the period. Western Financial Corp CA grew its stake in shares of 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 buying an additional 579 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Ares Capital by 6.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,842 shares of the investment management company's stock valued at $227,000 after buying an additional 629 shares during the period. Hedge funds and other institutional investors own 27.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ARCC. B. Riley upped their price target on Ares Capital from $21.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. StockNews.com upgraded shares of Ares Capital from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company raised shares of Ares Capital from an "equal weight" rating to an "overweight" rating in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $22.29.

Ares Capital Stock Up 0.1 %

ARCC stock traded up $0.02 during mid-day trading on Wednesday, hitting $22.09. 6,350,910 shares of the company were exchanged, compared to its average volume of 4,453,869. The company has a market capitalization of $14.27 billion, a PE ratio of 8.50 and a beta of 1.00. The firm has a fifty day simple moving average of $21.76 and a 200 day simple moving average of $21.20. 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 Co. has a twelve month low of $19.32 and a twelve month high of $22.43.

Ares Capital (NASDAQ:ARCC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The investment management company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01). Ares Capital had a net margin of 53.71% and a return on equity of 12.06%. The firm had revenue of $755.00 million during the quarter, compared to the consensus estimate of $770.45 million. During the same period in the prior year, the firm earned $0.59 earnings per share. The firm's quarterly revenue was up 15.3% compared to the same quarter last year. On average, research analysts forecast that Ares Capital Co. will post 2.36 earnings per share for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were issued a dividend of $0.48 per share. The ex-dividend date was Friday, December 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.69%. Ares Capital's dividend payout ratio (DPR) is 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.