Mesirow Financial Investment Management Inc. Has $4.44 Million Stake in Ares Capital Co. (NASDAQ:ARCC)

Mesirow Financial Investment Management Inc. increased its stake in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 32.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 211,797 shares of the investment management company's stock after buying an additional 52,007 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Ares Capital were worth $4,435,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in ARCC. International Assets Investment Management LLC increased its holdings in shares of Ares Capital by 2,104.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,613,285 shares of the investment management company's stock valued at $756,620,000 after acquiring an additional 3,449,395 shares during the last quarter. Van ECK Associates Corp grew its position in Ares Capital by 20.2% in the 2nd quarter. Van ECK Associates Corp now owns 11,681,109 shares of the investment management company's stock worth $243,434,000 after purchasing an additional 1,961,166 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Ares Capital by 143.9% during the first quarter. Cetera Investment Advisers now owns 820,390 shares of the investment management company's stock valued at $17,081,000 after buying an additional 484,088 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of Ares Capital during the second quarter worth approximately $9,815,000. Finally, 1832 Asset Management L.P. grew its stake in shares of Ares Capital by 52.7% in the first quarter. 1832 Asset Management L.P. now owns 1,354,097 shares of the investment management company's stock worth $28,192,000 after purchasing an additional 467,535 shares in the last quarter. Hedge funds and other institutional investors own 27.38% of the company's stock.

Ares Capital Stock Up 0.3 %

Shares of Ares Capital stock traded up $0.06 on Monday, hitting $21.59. 4,095,252 shares of the company traded hands, compared to its average volume of 2,860,821. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. Ares Capital Co. has a 12-month low of $19.32 and a 12-month high of $22.05. The company has a 50-day moving average price of $21.02 and a 200 day moving average price of $20.97. The company has a market cap of $13.95 billion, a PE ratio of 8.30 and a beta of 1.01.

Ares Capital (NASDAQ:ARCC - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The investment management company reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.01). Ares Capital had a net margin of 53.71% and a return on equity of 12.06%. The business had revenue of $755.00 million for the quarter, compared to the consensus estimate of $770.45 million. During the same quarter in the prior year, the business posted $0.59 EPS. The firm's revenue for the quarter was up 15.3% compared to the same quarter last year. Sell-side analysts predict that Ares Capital Co. will post 2.36 earnings per share for the current year.

Ares Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.48 per share. The ex-dividend date is Friday, December 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.89%. Ares Capital's dividend payout ratio (DPR) is presently 73.85%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ARCC shares. B. Riley boosted their price target on shares of Ares Capital from $21.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. UBS Group raised Ares Capital to a "hold" rating in a research report on Friday, August 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 price target on shares of Ares Capital in a research note on Monday, August 5th. StockNews.com lowered shares of Ares Capital from a "hold" rating to a "sell" rating in a research note on Monday, November 4th. Finally, JMP Securities boosted their price target on shares of Ares Capital from $21.00 to $22.00 and gave the company a "market outperform" rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.86.

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.