Private Advisor Group LLC Has $7.39 Million Holdings in Ares Capital Co. (NASDAQ:ARCC)

Private Advisor Group LLC increased its stake in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 337,581 shares of the investment management company's stock after buying an additional 24,652 shares during the quarter. Private Advisor Group LLC owned approximately 0.05% of Ares Capital worth $7,390,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Plan Group Financial LLC grew its holdings in Ares Capital by 11.8% during the fourth quarter. Plan Group Financial LLC now owns 52,283 shares of the investment management company's stock worth $1,144,000 after purchasing an additional 5,519 shares during the period. Key Financial Inc boosted its stake in shares of Ares Capital by 18.0% during the 4th quarter. Key Financial Inc now owns 6,465 shares of the investment management company's stock worth $142,000 after acquiring an additional 988 shares during the period. BKM Wealth Management LLC increased its holdings in shares of Ares Capital by 1.8% during the 4th quarter. BKM Wealth Management LLC now owns 42,388 shares of the investment management company's stock worth $928,000 after acquiring an additional 767 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in Ares Capital by 7.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 165,109 shares of the investment management company's stock valued at $3,614,000 after acquiring an additional 11,483 shares during the period. Finally, Truist Financial Corp lifted its holdings in Ares Capital by 6.6% during the 4th quarter. Truist Financial Corp now owns 144,139 shares of the investment management company's stock valued at $3,155,000 after purchasing an additional 8,892 shares during the last quarter. 27.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ARCC has been the topic of several research reports. B. Riley upped their price objective on shares of Ares Capital from $21.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. StockNews.com lowered shares of Ares Capital from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods raised their price objective on shares of Ares Capital from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Royal Bank of Canada boosted their price objective on Ares Capital from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their target price on Ares Capital from $23.00 to $24.50 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.94.

Ares Capital Price Performance

Shares of ARCC stock traded down $0.02 during trading on Tuesday, hitting $23.21. The company had a trading volume of 2,212,640 shares, compared to its average volume of 4,328,108. The firm has a market capitalization of $15.58 billion, a P/E ratio of 9.46 and a beta of 1.01. Ares Capital Co. has a one year low of $19.32 and a one year high of $23.84. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.21 and a current ratio of 1.21. The stock's 50-day moving average price is $22.65 and its 200 day moving average price is $21.73.

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

Ares Capital Announces Dividend

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

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.