Ares Capital (NASDAQ:ARCC) Price Target Cut to $21.00 by Analysts at UBS Group

Ares Capital (NASDAQ:ARCC - Get Free Report) had its target price dropped by research analysts at UBS Group from $22.00 to $21.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the investment management company's stock. UBS Group's price objective points to a potential upside of 2.94% from the company's previous close.

A number of other research analysts also recently issued reports on ARCC. StockNews.com downgraded shares of Ares Capital from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Royal Bank of Canada raised their target price on shares of Ares Capital from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. JPMorgan Chase & Co. upped their target price on Ares Capital from $23.00 to $24.50 and gave the company an "overweight" rating in a report on Monday, February 3rd. Raymond James downgraded Ares Capital from an "outperform" rating to a "market perform" rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company lowered their price objective on Ares Capital from $24.00 to $23.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.61.

Ares Capital Stock Up 1.5 %

Ares Capital stock traded up $0.31 during midday trading on Thursday, hitting $20.40. The stock had a trading volume of 4,235,919 shares, compared to its average volume of 4,057,184. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.03. The business has a fifty day moving average price of $21.85 and a 200 day moving average price of $21.95. Ares Capital has a 12 month low of $18.26 and a 12 month high of $23.84. The stock has a market cap of $13.96 billion, a P/E ratio of 8.33 and a beta of 0.77.

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

Hedge Funds Weigh In On Ares Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cyndeo Wealth Partners LLC lifted its holdings in Ares Capital by 2.3% during the 4th 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 during the last quarter. World Investment Advisors boosted its position in shares of Ares Capital by 4.1% in the fourth quarter. World Investment Advisors now owns 12,521 shares of the investment management company's stock valued at $274,000 after acquiring an additional 488 shares during the period. Fiduciary Group LLC increased its position in Ares Capital by 2.3% during the fourth quarter. Fiduciary Group LLC now owns 21,851 shares of the investment management company's stock worth $478,000 after acquiring an additional 500 shares during the period. Sheaff Brock Investment Advisors LLC raised its stake in Ares Capital by 0.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 56,182 shares of the investment management company's stock worth $1,230,000 after purchasing an additional 512 shares in the last quarter. Finally, Western Financial Corp CA grew its position in shares of Ares Capital by 2.2% during the 4th 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. Institutional investors own 27.38% of the company's stock.

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.