Paradigm Financial Partners LLC Has $1.20 Million Stock Holdings in Ares Capital Co. (NASDAQ:ARCC)

Paradigm Financial Partners LLC decreased its position in Ares Capital Co. (NASDAQ:ARCC) by 15.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,114 shares of the investment management company’s stock after selling 10,740 shares during the quarter. Paradigm Financial Partners LLC’s holdings in Ares Capital were worth $1,204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sargent Investment Group LLC grew its holdings in Ares Capital by 4.3% in the 4th quarter. Sargent Investment Group LLC now owns 274,975 shares of the investment management company’s stock valued at $5,508,000 after buying an additional 11,440 shares during the last quarter. Bruni J V & Co. Co. grew its position in Ares Capital by 0.4% in the 4th quarter. Bruni J V & Co. Co. now owns 1,398,203 shares of the investment management company’s stock worth $28,006,000 after purchasing an additional 6,001 shares during the last quarter. Transcend Capital Advisors LLC raised its position in shares of Ares Capital by 0.5% during the fourth quarter. Transcend Capital Advisors LLC now owns 108,577 shares of the investment management company’s stock valued at $2,175,000 after buying an additional 557 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Ares Capital in the fourth quarter valued at about $172,000. Finally, Kovack Advisors Inc. lifted its stake in shares of Ares Capital by 18.3% in the fourth quarter. Kovack Advisors Inc. now owns 37,401 shares of the investment management company’s stock valued at $749,000 after buying an additional 5,784 shares during the period. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARCC has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on Ares Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. B. Riley downgraded 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 note on Monday, January 8th. Finally, JMP Securities restated a “market outperform” rating and issued a $21.00 price objective on shares of Ares Capital in a research note on Tuesday, March 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.80.

Ares Capital Stock Up 0.7 %

Shares of NASDAQ ARCC opened at $20.78 on Monday. The business has a fifty day moving average of $20.36 and a two-hundred day moving average of $20.02. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.24 and a current ratio of 1.24. Ares Capital Co. has a 52-week low of $17.53 and a 52-week high of $20.86. The stock has a market cap of $12.61 billion, a PE ratio of 7.78 and a beta of 1.00.

Ares Capital (NASDAQ:ARCC) last posted its earnings results on Wednesday, February 7th. The investment management company reported $0.63 earnings per share (EPS) 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 company had revenue of $707.00 million during the quarter, compared to analysts’ expectations of $669.78 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. Ares Capital’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts expect that Ares Capital Co. will post 2.35 earnings per share for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 9.24%. Ares Capital’s payout ratio is presently 71.91%.

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.