10,000 Shares in Ares Capital Co. (NASDAQ:ARCC) Bought by Commons Capital LLC

Commons Capital LLC purchased a new stake in Ares Capital Co. (NASDAQ:ARCCFree Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,000 shares of the investment management company’s stock, valued at approximately $219,000.

Other institutional investors have also recently made changes to their positions in the company. Horizon Financial Services LLC bought a new stake in Ares Capital during the 3rd quarter worth approximately $28,000. Blue Trust Inc. lifted its stake in Ares Capital by 56.8% during the 3rd quarter. Blue Trust Inc. now owns 2,510 shares of the investment management company’s stock valued at $52,000 after acquiring an additional 909 shares in the last quarter. Quarry LP purchased a new position in Ares Capital during the 3rd quarter worth $67,000. Centennial Bank AR bought a new stake in shares of Ares Capital in the 3rd quarter worth $102,000. Finally, FSC Wealth Advisors LLC raised its holdings in shares of Ares Capital by 562.5% in the third quarter. FSC Wealth Advisors LLC now owns 5,300 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Stock Performance

NASDAQ ARCC opened at $23.37 on Wednesday. The company’s 50 day moving average is $22.01 and its 200-day moving average is $21.32. The firm has a market cap of $15.10 billion, a P/E ratio of 8.99 and a beta of 1.00. Ares Capital Co. has a 12-month low of $19.32 and a 12-month high of $23.44. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06.

Ares Capital (NASDAQ:ARCCGet Free Report) last posted its earnings results on Wednesday, October 30th. The investment management company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.01). Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. The company had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $770.45 million. During the same quarter in the prior year, the company earned $0.59 EPS. The company’s revenue was up 15.3% on a year-over-year basis. Sell-side analysts predict that Ares Capital Co. will post 2.36 earnings per share for the current year.

Ares Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a dividend of $0.48 per share. The ex-dividend date was Friday, December 13th. This represents a $1.92 annualized dividend and a yield of 8.22%. Ares Capital’s dividend payout ratio is currently 73.85%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ARCC shares. Wells Fargo & Company raised shares of Ares Capital from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com raised Ares Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, B. Riley upped their price objective on Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ares Capital presently has a consensus rating of “Moderate Buy” and an average price target of $22.29.

Read Our Latest Research Report on ARCC

Ares Capital Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ares Capital (NASDAQ:ARCC)

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