TFG Advisers LLC Increases Stock Position in Ares Capital Co. (NASDAQ:ARCC)

TFG Advisers LLC lifted its stake in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 29.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,753 shares of the investment management company's stock after buying an additional 11,884 shares during the quarter. TFG Advisers LLC's holdings in Ares Capital were worth $1,155,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ARCC. Cyndeo Wealth Partners LLC boosted its position in Ares Capital by 2.3% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 19,148 shares of the investment management company's stock worth $419,000 after purchasing an additional 430 shares in the last quarter. JBR Co Financial Management Inc boosted its position in 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 worth $692,000 after purchasing an additional 500 shares in the last quarter. Onyx Bridge Wealth Group LLC boosted its position in 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 worth $913,000 after purchasing an additional 531 shares in the last quarter. Western Financial Corp CA boosted its position in Ares Capital by 2.2% during the fourth quarter. Western Financial Corp CA now owns 26,387 shares of the investment management company's stock worth $578,000 after purchasing an additional 564 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its position in Ares Capital by 1.6% during the fourth quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company's stock worth $812,000 after purchasing an additional 567 shares in the last quarter. Hedge funds and other institutional investors own 27.38% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. StockNews.com cut Ares Capital from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Royal Bank of Canada increased their target price on Ares Capital from $23.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Wells Fargo & Company reduced their target price on Ares Capital from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Keefe, Bruyette & Woods increased their price target on Ares Capital from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their price objective on Ares Capital from $23.00 to $24.50 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $22.94.

Ares Capital Trading Up 0.9 %

Shares of ARCC traded up $0.21 during midday trading on Wednesday, hitting $22.91. 3,471,341 shares of the stock were exchanged, compared to its average volume of 4,609,776. Ares Capital Co. has a 52-week low of $19.32 and a 52-week high of $23.84. The stock has a fifty day simple moving average of $22.44 and a 200 day simple moving average of $21.57. The firm has a market cap of $15.38 billion, a P/E ratio of 9.35 and a beta of 1.01. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.29 and a current ratio of 1.21.

Ares Capital (NASDAQ:ARCC - Get Free Report) last released 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 return on equity of 11.54% and a net margin of 50.90%. On average, research analysts anticipate that Ares Capital Co. will post 2.2 EPS for the current fiscal year.

Ares Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 8.38%. Ares Capital's dividend payout ratio (DPR) is presently 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.