Values Added Financial LLC Has $612,000 Holdings in Ares Capital Co. (NASDAQ:ARCC)

Values Added Financial LLC boosted its stake in Ares Capital Co. (NASDAQ:ARCC - Free Report) by 112.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,980 shares of the investment management company's stock after purchasing an additional 14,780 shares during the quarter. Values Added Financial LLC's holdings in Ares Capital were worth $612,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ARCC. International Assets Investment Management LLC increased its holdings in shares of Ares Capital by 2,104.7% in the third quarter. International Assets Investment Management LLC now owns 3,613,285 shares of the investment management company's stock worth $756,620,000 after acquiring an additional 3,449,395 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Ares Capital by 11.8% in the fourth quarter. Van ECK Associates Corp now owns 14,145,706 shares of the investment management company's stock worth $309,649,000 after acquiring an additional 1,489,552 shares in the last quarter. CCLA Investment Management increased its holdings in shares of Ares Capital by 31.6% in the fourth quarter. CCLA Investment Management now owns 2,211,955 shares of the investment management company's stock worth $48,419,000 after acquiring an additional 531,305 shares in the last quarter. Columbus Macro LLC bought a new stake in shares of Ares Capital in the fourth quarter worth about $8,870,000. Finally, Partners Group Holding AG boosted its position in shares of Ares Capital by 21.2% during the third quarter. Partners Group Holding AG now owns 1,787,401 shares of the investment management company's stock worth $37,428,000 after buying an additional 312,255 shares during the period. Institutional investors own 27.38% of the company's stock.

Analyst Ratings Changes

ARCC has been the subject of several recent research reports. Wells Fargo & Company reduced their price objective on Ares Capital from $24.00 to $23.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. upped their price objective on Ares Capital from $23.00 to $24.50 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Raymond James lowered Ares Capital from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 6th. Royal Bank of Canada increased their target price on Ares Capital from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods raised their price objective on Ares Capital from $22.00 to $23.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Ares Capital presently has a consensus rating of "Moderate Buy" and an average target price of $22.94.

Ares Capital Price Performance

Shares of ARCC stock traded up $0.08 during trading hours on Tuesday, reaching $23.35. The company's stock had a trading volume of 3,658,570 shares, compared to its average volume of 4,499,037. The firm's 50 day simple moving average is $22.53 and its 200-day simple moving average is $21.65. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 9.53 and a beta of 1.01. Ares Capital Co. has a fifty-two week low of $19.32 and a fifty-two week high of $23.84. The company has a quick ratio of 1.29, a current ratio of 1.21 and a debt-to-equity ratio of 1.03.

Ares Capital (NASDAQ:ARCC - Get Free Report) last posted 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 return on equity of 11.54% and a net margin of 50.90%. Sell-side analysts forecast that Ares Capital Co. will post 2.2 earnings per share for the current year.

Ares Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 8.22%. The ex-dividend date is Friday, March 14th. Ares Capital's payout ratio is 78.37%.

Ares Capital 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.