Joel Isaacson & Co. LLC Has $3.68 Million Holdings in Ares Capital Co. (NASDAQ:ARCC)

Joel Isaacson & Co. LLC lifted its position in shares of Ares Capital Co. (NASDAQ:ARCC - Free Report) by 41.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 168,073 shares of the investment management company's stock after acquiring an additional 49,500 shares during the period. Joel Isaacson & Co. LLC's holdings in Ares Capital were worth $3,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Cyndeo Wealth Partners LLC boosted its stake in shares of Ares Capital by 2.3% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 19,148 shares of the investment management company's stock valued at $419,000 after purchasing an additional 430 shares in the last quarter. JBR Co Financial Management Inc boosted its position in Ares Capital by 1.5% in the third quarter. JBR Co Financial Management Inc now owns 33,047 shares of the investment management company's stock valued at $692,000 after buying an additional 500 shares in the last quarter. Onyx Bridge Wealth Group LLC grew 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 buying an additional 531 shares during the last quarter. Western Financial Corp CA increased its holdings in shares of Ares Capital by 2.2% during the fourth quarter. Western Financial Corp CA now owns 26,387 shares of the investment management company's stock worth $578,000 after buying an additional 564 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its stake in shares of Ares Capital by 1.6% in the 4th quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company's stock valued at $812,000 after acquiring an additional 567 shares during the last quarter. Institutional investors and hedge funds own 27.38% of the company's stock.

Ares Capital Trading Up 0.9 %

ARCC stock traded up $0.21 during mid-day trading on Wednesday, reaching $22.91. The company's stock had a trading volume of 3,471,341 shares, compared to its average volume of 4,609,776. Ares Capital Co. has a 12 month low of $19.32 and a 12 month high of $23.84. The company has a current ratio of 1.21, a quick ratio of 1.29 and a debt-to-equity ratio of 1.03. The business's 50 day moving average price is $22.44 and its 200 day moving average price is $21.57. The company has a market cap of $15.38 billion, a price-to-earnings ratio of 9.35 and a beta of 1.01.

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 for the quarter, missing the consensus estimate 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, equities research analysts predict that Ares Capital Co. will post 2.2 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 dividend of $0.48 per share. 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 currently 78.37%.

Analyst Upgrades and Downgrades

ARCC has been the topic of a number of research reports. Royal Bank of Canada upped their price target on shares of Ares Capital from $23.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods raised their target price on Ares Capital from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted their target price on Ares Capital from $23.00 to $24.50 and gave the stock an "overweight" rating in a report on Monday, February 3rd. StockNews.com cut Ares Capital from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company cut their price objective 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 investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $22.94.

About Ares Capital

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.