Proficio Capital Partners LLC Takes $2.87 Million Position in Ares Capital Co. (NASDAQ:ARCC)

Proficio Capital Partners LLC acquired a new position in shares of Ares Capital Co. (NASDAQ:ARCC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 131,187 shares of the investment management company's stock, valued at approximately $2,872,000.

Other large investors have also modified their holdings of the company. Horizon Financial Services LLC bought a new stake in shares of Ares Capital during the 3rd quarter worth $28,000. SRS Capital Advisors Inc. bought a new stake in Ares Capital in the 4th quarter valued at $60,000. Montag A & Associates Inc. boosted its holdings in Ares Capital by 92.6% in the 4th quarter. Montag A & Associates Inc. now owns 2,889 shares of the investment management company's stock valued at $63,000 after purchasing an additional 1,389 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in Ares Capital by 200.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 3,000 shares of the investment management company's stock valued at $66,000 after purchasing an additional 2,000 shares during the period. Finally, Quarry LP bought a new stake in Ares Capital in the 3rd quarter valued at $67,000. 27.38% of the stock is owned by institutional investors.

Ares Capital Stock Up 0.1 %

ARCC traded up $0.03 during trading on Friday, reaching $21.76. The company had a trading volume of 6,475,668 shares, compared to its average volume of 3,704,811. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.21. Ares Capital Co. has a 12 month low of $19.32 and a 12 month high of $23.84. The business's fifty day moving average price is $22.85 and its 200 day moving average price is $21.92. The company has a market cap of $14.83 billion, a P/E ratio of 8.88 and a beta of 1.00.

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Ares Capital (NASDAQ:ARCC - Get Free Report) last announced its quarterly 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 anticipate that Ares Capital Co. will post 2.19 EPS for the current year.

Ares Capital Announces Dividend

The firm 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 $0.48 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.82%. Ares Capital's dividend payout ratio (DPR) is presently 78.37%.

Analyst Ratings Changes

ARCC has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their price target on shares of Ares Capital from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Friday, February 7th. 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. Wells Fargo & Company reduced their price objective on shares of Ares Capital from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Raymond James downgraded shares of Ares Capital from an "outperform" rating to a "market perform" rating in a report on Thursday, February 6th. Finally, StockNews.com downgraded shares of Ares Capital from a "hold" rating to a "sell" rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Ares Capital presently has a consensus rating of "Moderate Buy" and an average 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.