Ares Capital Co. (NASDAQ:ARCC) Shares Acquired by Register Financial Advisors LLC

Register Financial Advisors LLC raised its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,443 shares of the investment management company’s stock after purchasing an additional 1,013 shares during the period. Register Financial Advisors LLC’s holdings in Ares Capital were worth $1,258,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Confluence Investment Management LLC purchased a new position in shares of Ares Capital in the 1st quarter worth $86,227,000. International Assets Investment Management LLC lifted its stake in shares of Ares Capital by 1,865.8% in the 4th quarter. International Assets Investment Management LLC now owns 4,214,991 shares of the investment management company’s stock valued at $844,260,000 after purchasing an additional 4,000,570 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Ares Capital by 11.3% during the 4th quarter. Van ECK Associates Corp now owns 8,282,079 shares of the investment management company’s stock worth $165,890,000 after purchasing an additional 840,823 shares during the period. Melia Wealth LLC purchased a new stake in shares of Ares Capital during the 4th quarter worth about $13,992,000. Finally, Tudor Investment Corp Et Al acquired a new stake in Ares Capital during the 3rd quarter worth approximately $11,952,000. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ARCC shares. JMP Securities reiterated a “market outperform” rating and set a $21.00 price objective on shares of Ares Capital in a research note on Tuesday, March 26th. JPMorgan Chase & Co. increased their price target on Ares Capital from $21.50 to $22.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Oppenheimer boosted their price objective on Ares Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 target price on shares of Ares Capital in a research note on Thursday, May 23rd. Finally, Truist Financial boosted their price target on Ares Capital from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ares Capital has an average rating of “Moderate Buy” and a consensus price target of $21.50.

Ares Capital Stock Up 0.2 %

ARCC traded up $0.04 on Friday, reaching $20.84. The company’s stock had a trading volume of 4,954,443 shares, compared to its average volume of 3,570,720. Ares Capital Co. has a 1 year low of $18.55 and a 1 year high of $21.84. The business’s 50 day moving average is $21.03 and its 200 day moving average is $20.50. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 7.14 and a beta of 1.00.

Ares Capital (NASDAQ:ARCC) last released its earnings results on Wednesday, May 1st. The investment management company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $701.00 million for the quarter, compared to analysts’ expectations of $703.85 million. Ares Capital had a net margin of 62.77% and a return on equity of 12.37%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. As a group, research analysts forecast that Ares Capital Co. will post 2.34 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.21%. Ares Capital’s dividend payout ratio (DPR) is presently 65.75%.

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.