Jackson Thornton Wealth Management LLC purchased a new position in shares of Ares Capital Co. (NASDAQ:ARCC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,272 shares of the investment management company's stock, valued at approximately $334,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Meridian Wealth Advisors LLC increased its stake in shares of Ares Capital by 17.4% during the fourth quarter. Meridian Wealth Advisors LLC now owns 13,500 shares of the investment management company's stock worth $296,000 after purchasing an additional 2,000 shares in the last quarter. Samalin Investment Counsel LLC increased its stake in Ares Capital by 2.3% during the 4th quarter. Samalin Investment Counsel LLC now owns 69,689 shares of the investment management company's stock worth $1,526,000 after buying an additional 1,598 shares in the last quarter. Sfmg LLC raised its holdings in shares of Ares Capital by 1.1% during the fourth quarter. Sfmg LLC now owns 444,118 shares of the investment management company's stock valued at $9,722,000 after acquiring an additional 4,615 shares during the last quarter. 1620 Investment Advisors Inc. lifted its position in shares of Ares Capital by 2.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 40,697 shares of the investment management company's stock valued at $891,000 after acquiring an additional 1,089 shares in the last quarter. Finally, Oxford Financial Group LTD. LLC acquired a new stake in shares of Ares Capital in the fourth quarter worth approximately $230,000. 27.38% of the stock is currently owned by hedge funds and other institutional investors.
Ares Capital Trading Down 0.9 %
Ares Capital stock traded down $0.20 during mid-day trading on Friday, hitting $22.17. The company's stock had a trading volume of 1,227,961 shares, compared to its average volume of 3,697,475. The stock's fifty day moving average is $22.82 and its two-hundred day moving average is $21.96. 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 $15.11 billion, a PE ratio of 9.05 and a beta of 1.00. Ares Capital Co. has a 1 year low of $19.32 and a 1 year high of $23.84.
Ares Capital (NASDAQ:ARCC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The investment management company reported $0.55 earnings per share 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, analysts anticipate that Ares Capital Co. will post 2.19 EPS for the current year.
Ares Capital Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.48 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 8.66%. Ares Capital's dividend payout ratio is currently 78.37%.
Analysts Set New Price Targets
ARCC has been the topic of a number of research reports. Royal Bank of Canada raised their price objective on Ares Capital from $23.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, February 7th. JPMorgan Chase & Co. raised their price target on shares of Ares Capital from $23.00 to $24.50 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods upped their price objective on shares of Ares Capital from $22.00 to $23.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Raymond James lowered shares of Ares Capital from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 6th. Finally, StockNews.com lowered Ares Capital from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.94.
Get 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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