NewSquare Capital LLC Buys 1,846 Shares of Ares Capital Co. (NASDAQ:ARCC)

NewSquare Capital LLC increased its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,720 shares of the investment management company’s stock after purchasing an additional 1,846 shares during the quarter. NewSquare Capital LLC’s holdings in Ares Capital were worth $635,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Baron Financial Group LLC raised its stake in shares of Ares Capital by 3.0% during the 4th quarter. Baron Financial Group LLC now owns 18,366 shares of the investment management company’s stock worth $368,000 after acquiring an additional 543 shares in the last quarter. Syntal Capital Partners LLC boosted its stake in Ares Capital by 3.3% in the 3rd quarter. Syntal Capital Partners LLC now owns 17,346 shares of the investment management company’s stock worth $338,000 after purchasing an additional 551 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Ares Capital by 1.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,595 shares of the investment management company’s stock worth $693,000 after purchasing an additional 587 shares during the last quarter. Great Valley Advisor Group Inc. increased its stake in Ares Capital by 4.4% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 14,067 shares of the investment management company’s stock valued at $274,000 after purchasing an additional 597 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Ares Capital by 5.0% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,787 shares of the investment management company’s stock worth $256,000 after buying an additional 605 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

Ares Capital Trading Down 0.2 %

Shares of ARCC traded down $0.04 during mid-day trading on Wednesday, reaching $20.70. The stock had a trading volume of 1,243,450 shares, compared to its average volume of 3,562,139. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 7.77 and a beta of 1.00. The business’s fifty day moving average is $20.33 and its 200 day moving average is $19.99. Ares Capital Co. has a 52-week low of $17.53 and a 52-week high of $20.86.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings results on Wednesday, February 7th. The investment management company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Ares Capital had a net margin of 58.22% and a return on equity of 12.50%. The business had revenue of $707.00 million during the quarter, compared to analysts’ expectations of $669.78 million. During the same period last year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, sell-side analysts predict that Ares Capital Co. will post 2.35 EPS for the current fiscal year.

Ares Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.28%. The ex-dividend date was Thursday, March 14th. Ares Capital’s payout ratio is currently 71.91%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ARCC. JMP Securities reissued a “market outperform” rating and set a $21.00 price objective on shares of Ares Capital in a report on Tuesday, March 26th. B. Riley lowered Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a report on Monday, January 8th. Finally, Wells Fargo & Company lifted their target price on Ares Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Ares Capital has a consensus rating of “Hold” and a consensus target price of $20.80.

About Ares Capital

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.