Oppenheimer & Co. Inc. Purchases 50,896 Shares of Ares Capital Co. (NASDAQ:ARCC)

Oppenheimer & Co. Inc. lifted its holdings in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 382,246 shares of the investment management company's stock after purchasing an additional 50,896 shares during the quarter. Oppenheimer & Co. Inc. owned 0.06% of Ares Capital worth $8,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ARCC. Blue Trust Inc. grew its position in Ares Capital by 56.8% in the 3rd quarter. Blue Trust Inc. now owns 2,510 shares of the investment management company's stock worth $52,000 after purchasing an additional 909 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Ares Capital by 2.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,635 shares of the investment management company's stock valued at $661,000 after acquiring an additional 712 shares during the last quarter. Mutual Advisors LLC lifted its holdings in Ares Capital by 3.6% in the third quarter. Mutual Advisors LLC now owns 165,375 shares of the investment management company's stock valued at $3,584,000 after acquiring an additional 5,813 shares during the period. Financial Advocates Investment Management boosted its position in Ares Capital by 7.0% in the third quarter. Financial Advocates Investment Management now owns 18,463 shares of the investment management company's stock worth $387,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC grew its stake in shares of Ares Capital by 4.0% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 35,619 shares of the investment management company's stock valued at $746,000 after purchasing an additional 1,365 shares during the period. 27.38% of the stock is owned by institutional investors.

Ares Capital Trading Down 0.6 %

ARCC traded down $0.15 during trading on Monday, reaching $23.23. The company had a trading volume of 4,411,046 shares, compared to its average volume of 4,282,410. 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 Co. has a 52 week low of $19.32 and a 52 week high of $23.84. The stock has a market cap of $15.60 billion, a P/E ratio of 9.48 and a beta of 1.01. The business has a 50 day simple moving average of $22.81 and a 200-day simple moving average of $21.81.

Ares Capital (NASDAQ:ARCC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The investment management company reported $0.55 EPS 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 analysts anticipate that Ares Capital Co. will post 2.19 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date of this dividend is Friday, March 14th. Ares Capital's payout ratio is currently 78.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Ares Capital from $23.00 to $24.50 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Royal Bank of Canada lifted their price target on shares of Ares Capital from $23.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Raymond James cut shares of Ares Capital from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 6th. StockNews.com downgraded shares of Ares Capital from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods boosted 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.94.

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.