Arkadios Wealth Advisors Raises Stock Position in Ares Capital Co. (NASDAQ:ARCC)

Arkadios Wealth Advisors raised its stake in Ares Capital Co. (NASDAQ:ARCC – Get Rating) by 24.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,972 shares of the investment management company’s stock after buying an additional 24,487 shares during the period. Arkadios Wealth Advisors’ holdings in Ares Capital were worth $2,290,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Confluence Investment Management LLC increased its stake in shares of Ares Capital by 1.4% during the 4th quarter. Confluence Investment Management LLC now owns 4,528,922 shares of the investment management company’s stock worth $83,649,000 after purchasing an additional 63,596 shares in the last quarter. Enstar Group LTD increased its stake in shares of Ares Capital by 3.4% during the 3rd quarter. Enstar Group LTD now owns 4,011,095 shares of the investment management company’s stock worth $67,708,000 after purchasing an additional 130,686 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Ares Capital by 12.8% during the 2nd quarter. Legal & General Group Plc now owns 3,420,945 shares of the investment management company’s stock worth $61,389,000 after purchasing an additional 387,904 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Ares Capital by 15.7% during the 3rd quarter. Two Sigma Advisers LP now owns 3,310,200 shares of the investment management company’s stock worth $55,876,000 after purchasing an additional 448,800 shares in the last quarter. Finally, Advisors Capital Management LLC increased its stake in shares of Ares Capital by 1.6% during the 3rd quarter. Advisors Capital Management LLC now owns 2,800,873 shares of the investment management company’s stock worth $54,169,000 after purchasing an additional 43,020 shares in the last quarter. 32.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ARCC has been the subject of a number of recent research reports. StockNews.com initiated coverage on shares of Ares Capital in a research note on Thursday. They set a “hold” rating for the company. Citigroup lifted their target price on shares of Ares Capital from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, February 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $23.00 target price on shares of Ares Capital in a research note on Monday, March 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Ares Capital from $21.00 to $20.50 and set an “overweight” rating for the company in a research note on Wednesday, February 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Ares Capital has a consensus rating of “Moderate Buy” and a consensus price target of $20.71.

Ares Capital Trading Down 2.0 %

Shares of ARCC traded down $0.36 during mid-day trading on Friday, reaching $17.43. The company had a trading volume of 5,273,243 shares, compared to its average volume of 3,542,337. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 14.53 and a beta of 1.01. The firm has a fifty day simple moving average of $19.20 and a 200-day simple moving average of $18.93. Ares Capital Co. has a fifty-two week low of $16.53 and a fifty-two week high of $22.65. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.29.

Ares Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.02%. Ares Capital’s dividend payout ratio (DPR) is presently 160.00%.

Ares Capital Profile

(Get Rating)

Ares Commercial Finance provides asset-based cash flow solutions to small and middle-market companies. ACF works with borrowers to deliver creative, flexible, and comprehensive financing solutions. Ares Commercial Finance has the ability to structure and agent deals to support the growth and changing capital needs of clients.