Demars Financial Group LLC Sells 84,175 Shares of Ares Capital Co. (NASDAQ:ARCC)

Demars Financial Group LLC lowered its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 77.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,579 shares of the investment management company’s stock after selling 84,175 shares during the period. Demars Financial Group LLC’s holdings in Ares Capital were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC bought a new stake in Ares Capital in the 3rd quarter worth approximately $25,000. Cape Investment Advisory Inc. grew its position in Ares Capital by 411.0% in the 3rd quarter. Cape Investment Advisory Inc. now owns 1,952 shares of the investment management company’s stock worth $38,000 after purchasing an additional 1,570 shares during the period. Activest Wealth Management grew its position in Ares Capital by 137.2% in the 4th quarter. Activest Wealth Management now owns 2,142 shares of the investment management company’s stock worth $43,000 after purchasing an additional 1,239 shares during the period. Householder Group Estate & Retirement Specialist LLC grew its position in shares of Ares Capital by 59.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 2,351 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 875 shares during the period. Finally, CVA Family Office LLC bought a new stake in shares of Ares Capital during the 4th quarter valued at $51,000. Institutional investors own 27.38% of the company’s stock.

Ares Capital Stock Up 0.0 %

Shares of ARCC stock opened at $20.75 on Wednesday. The stock has a market cap of $12.59 billion, a P/E ratio of 7.77 and a beta of 1.00. Ares Capital Co. has a 52 week low of $17.53 and a 52 week high of $20.86. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.06. The company’s fifty day simple moving average is $20.33 and its two-hundred day simple moving average is $19.99.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings results on Wednesday, February 7th. The investment management company reported $0.63 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $669.78 million. During the same quarter in the previous year, the company earned $0.68 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Analysts predict that Ares Capital Co. will post 2.35 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued 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 9.25%. Ares Capital’s dividend payout ratio (DPR) is presently 71.91%.

Analyst Ratings Changes

ARCC has been the subject of a number of recent research reports. Wells Fargo & Company boosted 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. JMP Securities restated a “market outperform” rating and set a $21.00 target price on shares of Ares Capital in a research note on Tuesday, March 26th. Finally, B. Riley cut shares of Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research note on Monday, January 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Ares Capital currently 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.