Sage Advisors LLC Buys 39,017 Shares of Ares Capital Co. (NASDAQ:ARCC)

Sage Advisors LLC raised its holdings in shares of Ares Capital Co. (NASDAQ:ARCC - Free Report) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 910,625 shares of the investment management company's stock after purchasing an additional 39,017 shares during the period. Ares Capital accounts for approximately 15.0% of Sage Advisors LLC's holdings, making the stock its 2nd biggest holding. Sage Advisors LLC owned about 0.14% of Ares Capital worth $19,068,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Jamison Private Wealth Management Inc. lifted its holdings in Ares Capital by 62.7% during the 2nd quarter. Jamison Private Wealth Management Inc. now owns 1,233 shares of the investment management company's stock valued at $26,000 after purchasing an additional 475 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Ares Capital by 1.6% during the second quarter. Capital Investment Advisors LLC now owns 32,691 shares of the investment management company's stock valued at $681,000 after purchasing an additional 499 shares in the last quarter. JBR Co Financial Management Inc boosted its stake in shares of Ares Capital by 1.5% during the third quarter. JBR Co Financial Management Inc now owns 33,047 shares of the investment management company's stock valued at $692,000 after purchasing an additional 500 shares in the last quarter. Onyx Bridge Wealth Group LLC boosted its stake in shares of Ares Capital by 1.2% during the third quarter. Onyx Bridge Wealth Group LLC now owns 43,609 shares of the investment management company's stock valued at $913,000 after purchasing an additional 531 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its stake in shares of Ares Capital by 3.9% in the second quarter. Centaurus Financial Inc. now owns 14,428 shares of the investment management company's stock worth $301,000 after acquiring an additional 542 shares during the period. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ARCC shares. StockNews.com upgraded Ares Capital from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. JMP Securities upped their target price on Ares Capital from $21.00 to $22.00 and gave the stock a "market outperform" rating in a research note on Tuesday, July 30th. UBS Group upgraded Ares Capital to a "hold" rating in a research report on Friday, August 23rd. Compass Point upgraded Ares Capital to a "strong-buy" rating in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 price objective on shares of Ares Capital in a report on Monday, August 5th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Ares Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.86.

Ares Capital Stock Down 0.3 %

NASDAQ ARCC traded down $0.07 during midday trading on Friday, hitting $21.51. 3,733,853 shares of the company traded hands, compared to its average volume of 3,126,112. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $13.90 billion, a PE ratio of 8.27 and a beta of 1.01. Ares Capital Co. has a 52 week low of $19.32 and a 52 week high of $22.05. The company's 50-day simple moving average is $21.09 and its 200-day simple moving average is $21.00.

Ares Capital (NASDAQ:ARCC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The investment management company reported $0.58 earnings per share 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 12.06%. Ares Capital's revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. As a group, equities research analysts forecast that Ares Capital Co. will post 2.36 earnings per share for the current year.

Ares Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.93%. The ex-dividend date of this dividend is Friday, December 13th. Ares Capital's dividend payout ratio is currently 73.85%.

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.