Investors Purchase High Volume of Put Options on Ares Capital (NASDAQ:ARCC)

Ares Capital Co. (NASDAQ:ARCCGet Rating) was the target of unusually large options trading on Friday. Stock investors purchased 30,183 put options on the company. This is an increase of approximately 367% compared to the typical daily volume of 6,460 put options.

Insider Buying and Selling

In other Ares Capital news, CFO Penelope F. Roll purchased 2,500 shares of the stock in a transaction on Wednesday, September 14th. The shares were purchased at an average price of $19.04 per share, with a total value of $47,600.00. Following the acquisition, the chief financial officer now directly owns 54,500 shares in the company, valued at approximately $1,037,680. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Ares Capital news, CFO Penelope F. Roll purchased 2,500 shares of the stock in a transaction on Wednesday, September 14th. The shares were purchased at an average price of $19.04 per share, with a total value of $47,600.00. Following the acquisition, the chief financial officer now directly owns 54,500 shares in the company, valued at approximately $1,037,680. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Penelope F. Roll purchased 25,000 shares of the stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average cost of $19.77 per share, for a total transaction of $494,250.00. Following the acquisition, the chief financial officer now owns 52,000 shares in the company, valued at $1,028,040. The disclosure for this purchase can be found here. 0.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Wagner Wealth Management LLC purchased a new position in Ares Capital during the second quarter valued at $27,000. Financial Management Professionals Inc. increased its holdings in shares of Ares Capital by 70.7% in the 1st quarter. Financial Management Professionals Inc. now owns 1,775 shares of the investment management company’s stock worth $37,000 after purchasing an additional 735 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Ares Capital by 1,098.9% in the 2nd quarter. Larson Financial Group LLC now owns 2,098 shares of the investment management company’s stock worth $38,000 after purchasing an additional 1,923 shares in the last quarter. Hardy Reed LLC bought a new stake in shares of Ares Capital in the 1st quarter worth $42,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Ares Capital in the 4th quarter worth $47,000. Hedge funds and other institutional investors own 33.79% of the company’s stock.

Analyst Ratings Changes

ARCC has been the topic of several recent research reports. Oppenheimer reduced their price objective on Ares Capital to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. JMP Securities reduced their price objective on Ares Capital from $24.00 to $22.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 28th. Finally, StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. One analyst has rated the stock with a hold rating and eight have issued a 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 $21.88.

Ares Capital Trading Down 1.9 %

Shares of ARCC stock traded down $0.34 during trading hours on Friday, reaching $17.50. The company’s stock had a trading volume of 108,775 shares, compared to its average volume of 2,305,621. The stock has a market capitalization of $8.68 billion, a P/E ratio of 8.07 and a beta of 0.97. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.26. The firm’s fifty day simple moving average is $19.68 and its 200 day simple moving average is $19.75. Ares Capital has a one year low of $17.03 and a one year high of $23.00.

Ares Capital (NASDAQ:ARCCGet Rating) last released its earnings results on Tuesday, July 26th. The investment management company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The company had revenue of $479.00 million during the quarter, compared to analysts’ expectations of $466.21 million. Ares Capital had a return on equity of 10.15% and a net margin of 54.92%. During the same quarter last year, the business posted $0.53 EPS. Equities research analysts expect that Ares Capital will post 1.93 EPS for the current year.

Ares Capital Company Profile

(Get Rating)

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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