Ares Capital Co. (NASDAQ:ARCC) Shares Purchased by Capital Advisors Inc. OK

Capital Advisors Inc. OK lifted its position in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,440,716 shares of the investment management company's stock after acquiring an additional 44,235 shares during the quarter. Capital Advisors Inc. OK owned 0.23% of Ares Capital worth $30,169,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. J.W. Cole Advisors Inc. grew its position in Ares Capital by 10.1% in the 1st quarter. J.W. Cole Advisors Inc. now owns 42,749 shares of the investment management company's stock valued at $888,000 after acquiring an additional 3,910 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Ares Capital by 12.2% in the 1st quarter. Private Advisor Group LLC now owns 264,310 shares of the investment management company's stock worth $5,503,000 after buying an additional 28,718 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in shares of Ares Capital in the 1st quarter worth approximately $331,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Ares Capital by 41.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,338 shares of the investment management company's stock worth $548,000 after acquiring an additional 7,695 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Ares Capital by 10.5% during the first quarter. Janney Montgomery Scott LLC now owns 919,639 shares of the investment management company's stock valued at $19,147,000 after acquiring an additional 87,445 shares during the last quarter. 27.38% of the stock is owned by hedge funds and other institutional investors.

Ares Capital Stock Performance

NASDAQ ARCC traded down $0.14 on Friday, hitting $21.00. 3,433,576 shares of the company's stock traded hands, compared to its average volume of 3,367,322. The firm has a market capitalization of $13.24 billion, a PE ratio of 8.08 and a beta of 1.01. Ares Capital Co. has a 1-year low of $19.24 and a 1-year high of $22.05. The firm's 50-day moving average price is $21.00 and its two-hundred day moving average price is $20.94. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.05.

Ares Capital (NASDAQ:ARCC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The investment management company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.01). The business had revenue of $755.00 million during the quarter, compared to analysts' expectations of $770.45 million. Ares Capital had a net margin of 53.71% and a return on equity of 12.31%. Ares Capital's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 earnings per share. As a group, analysts expect that Ares Capital Co. will post 2.39 EPS for the current year.

Ares Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid 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 9.14%. Ares Capital's payout ratio is 73.85%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JMP Securities upped their price target on Ares Capital from $21.00 to $22.00 and gave the stock a "market outperform" rating in a research report on Tuesday, July 30th. Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 price target on shares of Ares Capital in a research note on Monday, August 5th. B. Riley boosted their price target on Ares Capital from $21.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday. UBS Group upgraded shares of Ares Capital to a "hold" rating in a research note on Friday, August 23rd. Finally, Compass Point upgraded shares of Ares Capital to a "strong-buy" rating in a research note on Tuesday, July 30th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.86.

Ares Capital Company 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.