Jaffetilchin Investment Partners LLC grew its position in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 194.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,599 shares of the investment management company's stock after purchasing an additional 59,172 shares during the period. Jaffetilchin Investment Partners LLC's holdings in Ares Capital were worth $1,961,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new position in Ares Capital in the fourth quarter valued at about $35,000. Promus Capital LLC acquired a new position in shares of Ares Capital in the 4th quarter valued at approximately $48,000. SRS Capital Advisors Inc. bought a new stake in Ares Capital during the 4th quarter worth approximately $60,000. Montag A & Associates Inc. raised its holdings 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 during the period. Finally, Farmers & Merchants Investments Inc. lifted its stake in Ares Capital by 200.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 3,000 shares of the investment management company's stock valued at $66,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 27.38% of the company's stock.
Ares Capital Stock Performance
Shares of ARCC stock traded up $0.28 on Tuesday, reaching $20.30. The stock had a trading volume of 2,623,230 shares, compared to its average volume of 4,011,992. Ares Capital Co. has a 12 month low of $18.26 and a 12 month high of $23.84. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 8.29 and a beta of 0.77. The firm's 50-day moving average is $22.05 and its two-hundred day moving average is $21.98. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.03.
Ares Capital (NASDAQ:ARCC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The investment management company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.03). Ares Capital had a net margin of 50.90% and a return on equity of 11.54%. On average, research analysts expect that Ares Capital Co. will post 2.19 EPS for the current fiscal year.
Ares Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 9.46%. Ares Capital's dividend payout ratio (DPR) is 78.37%.
Analyst Ratings Changes
Several brokerages have recently issued reports on ARCC. Royal Bank of Canada increased their price objective on shares of Ares Capital from $23.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Wells Fargo & Company lowered their target price on Ares Capital from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. StockNews.com lowered Ares Capital from a "hold" rating to a "sell" rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on Ares Capital from $23.00 to $24.50 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Raymond James cut Ares Capital from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.81.
Get Our Latest Stock Report on ARCC
Ares Capital Company Profile
(
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.
Further Reading
Before you consider Ares Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ares Capital wasn't on the list.
While Ares Capital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
