Ares Capital Co. (NASDAQ:ARCC) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC increased its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,817 shares of the investment management company’s stock after acquiring an additional 5,207 shares during the quarter. Larson Financial Group LLC’s holdings in Ares Capital were worth $1,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in Ares Capital by 2,104.7% during the third quarter. International Assets Investment Management LLC now owns 3,613,285 shares of the investment management company’s stock worth $756,620,000 after purchasing an additional 3,449,395 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Ares Capital by 20.2% in the second quarter. Van ECK Associates Corp now owns 11,681,109 shares of the investment management company’s stock valued at $243,434,000 after acquiring an additional 1,961,166 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Ares Capital by 143.9% in the first quarter. Cetera Investment Advisers now owns 820,390 shares of the investment management company’s stock valued at $17,081,000 after acquiring an additional 484,088 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in shares of Ares Capital during the second quarter worth $9,815,000. Finally, Boston Partners acquired a new stake in shares of Ares Capital during the first quarter worth $7,792,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Stock Performance

Shares of NASDAQ ARCC opened at $22.02 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 8.47 and a beta of 1.01. The business’s 50-day simple moving average is $21.22 and its 200-day simple moving average is $21.04. Ares Capital Co. has a 52 week low of $19.32 and a 52 week high of $22.05.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings data on Wednesday, October 30th. The investment management company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. The firm had revenue of $755.00 million during the quarter, compared to the consensus estimate of $770.45 million. During the same quarter in the prior year, the business posted $0.59 EPS. Ares Capital’s revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts expect that Ares Capital Co. will post 2.36 earnings per share for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be given a $0.48 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.92 annualized dividend and a yield of 8.72%. Ares Capital’s payout ratio is 73.85%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JMP Securities lifted their price target on Ares Capital from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 30th. StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. B. Riley boosted their target price on Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. UBS Group raised Ares Capital to a “hold” rating in a research report on Friday, August 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 target price on shares of Ares Capital in a research report on Monday, August 5th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ares Capital has a consensus rating of “Moderate Buy” and a consensus target price of $21.86.

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.