Duncker Streett & Co. Inc. Has $1.50 Million Holdings in Ares Capital Co. (NASDAQ:ARCC)

Duncker Streett & Co. Inc. lessened its stake in Ares Capital Co. (NASDAQ:ARCC) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,078 shares of the investment management company’s stock after selling 2,892 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Ares Capital were worth $1,504,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Van ECK Associates Corp boosted its holdings in Ares Capital by 10.5% during the third quarter. Van ECK Associates Corp now owns 7,441,256 shares of the investment management company’s stock worth $144,881,000 after purchasing an additional 708,568 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Ares Capital by 1,865.8% during the fourth quarter. International Assets Investment Management LLC now owns 4,214,991 shares of the investment management company’s stock worth $844,260,000 after purchasing an additional 4,000,570 shares during the last quarter. Ameriprise Financial Inc. raised its position in Ares Capital by 7.5% during the first quarter. Ameriprise Financial Inc. now owns 3,880,360 shares of the investment management company’s stock worth $70,818,000 after acquiring an additional 271,811 shares in the last quarter. Legal & General Group Plc raised its position in Ares Capital by 6.3% during the fourth quarter. Legal & General Group Plc now owns 3,806,105 shares of the investment management company’s stock worth $70,280,000 after acquiring an additional 224,553 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in Ares Capital by 0.5% during the first quarter. Two Sigma Advisers LP now owns 3,116,400 shares of the investment management company’s stock worth $56,952,000 after acquiring an additional 14,600 shares in the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Price Performance

Ares Capital stock traded up $0.14 during trading hours on Wednesday, reaching $20.38. 441,781 shares of the stock were exchanged, compared to its average volume of 3,640,140. The company has a market cap of $12.37 billion, a P/E ratio of 7.58 and a beta of 1.00. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.06. Ares Capital Co. has a twelve month low of $17.53 and a twelve month high of $20.86. The stock has a 50 day moving average of $20.29 and a two-hundred day moving average of $19.93.

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

Ares Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.48 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.42%. Ares Capital’s payout ratio is currently 71.91%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ARCC shares. B. Riley lowered shares of Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Monday, January 8th. JMP Securities reaffirmed a “market outperform” rating and set a $21.00 price target on shares of Ares Capital in a research report on Tuesday, March 26th. Finally, Wells Fargo & Company increased their price objective on shares of Ares Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Ares Capital currently has an average rating of “Hold” and a consensus price target of $20.80.

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.