PCG Wealth Advisors LLC Purchases 1,798 Shares of Ares Capital Co. (NASDAQ:ARCC)

PCG Wealth Advisors LLC raised its position in Ares Capital Co. (NASDAQ:ARCC) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,253 shares of the investment management company’s stock after buying an additional 1,798 shares during the quarter. PCG Wealth Advisors LLC’s holdings in Ares Capital were worth $443,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ARCC. JBR Co Financial Management Inc grew its holdings in shares of Ares Capital by 1.5% during the 3rd 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 during the last quarter. Onyx Bridge Wealth Group LLC grew its holdings in shares of Ares Capital by 1.2% during the 3rd 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 during the last quarter. Centaurus Financial Inc. grew its holdings in shares of Ares Capital by 3.9% during the 2nd quarter. Centaurus Financial Inc. now owns 14,428 shares of the investment management company’s stock valued at $301,000 after purchasing an additional 542 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of Ares Capital by 1.6% during the 4th quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company’s stock valued at $812,000 after purchasing an additional 567 shares during the last quarter. Finally, Western Financial Corp CA grew its holdings in shares of Ares Capital by 2.3% during the 3rd quarter. Western Financial Corp CA now owns 25,823 shares of the investment management company’s stock valued at $541,000 after purchasing an additional 579 shares during the last quarter. 27.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Ares Capital Stock Up 0.2 %

NASDAQ:ARCC opened at $23.43 on Friday. The company has a market cap of $15.14 billion, a PE ratio of 9.01 and a beta of 1.00. Ares Capital Co. has a one year low of $19.32 and a one year high of $23.53. 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 firm’s 50 day simple moving average is $22.12 and its 200 day simple moving average is $21.37.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings results on Wednesday, October 30th. The investment management company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The firm had revenue of $755.00 million during the quarter, compared to analyst estimates of $770.45 million. Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. On average, research analysts anticipate that Ares Capital Co. will post 2.36 earnings per share for the current year.

Ares Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a $0.48 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.19%. Ares Capital’s dividend payout ratio (DPR) is currently 73.85%.

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.