Ares Capital Co. (NASDAQ:ARCC) Shares Sold by Tradition Wealth Management LLC

Tradition Wealth Management LLC decreased its stake in Ares Capital Co. (NASDAQ:ARCC) by 7.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,163 shares of the investment management company’s stock after selling 1,535 shares during the period. Tradition Wealth Management LLC’s holdings in Ares Capital were worth $380,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ARCC. Jamison Private Wealth Management Inc. raised its stake in shares of Ares Capital by 62.7% in the 2nd quarter. Jamison Private Wealth Management Inc. now owns 1,233 shares of the investment management company’s stock worth $26,000 after buying an additional 475 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in Ares Capital by 1.6% in the 2nd quarter. Capital Investment Advisors LLC now owns 32,691 shares of the investment management company’s stock valued at $681,000 after acquiring an additional 499 shares during the last quarter. JBR Co Financial Management Inc lifted its holdings in Ares Capital by 1.5% in the 3rd quarter. JBR Co Financial Management Inc now owns 33,047 shares of the investment management company’s stock valued at $692,000 after acquiring an additional 500 shares during the last quarter. Onyx Bridge Wealth Group LLC grew its stake in shares of Ares Capital by 1.2% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 43,609 shares of the investment management company’s stock worth $913,000 after purchasing an additional 531 shares during the last quarter. Finally, Centaurus Financial Inc. raised its holdings in shares of Ares Capital by 3.9% in the 2nd quarter. Centaurus Financial Inc. now owns 14,428 shares of the investment management company’s stock worth $301,000 after purchasing an additional 542 shares in the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Trading Up 0.6 %

NASDAQ:ARCC opened at $22.15 on Monday. The stock’s 50-day moving average is $21.38 and its two-hundred day moving average is $21.07. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $14.31 billion, a PE ratio of 8.52 and a beta of 1.01. Ares Capital Co. has a fifty-two week low of $19.32 and a fifty-two week high of $22.21.

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

Ares Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a $0.48 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.92 dividend on an annualized basis and a yield of 8.67%. Ares Capital’s dividend payout ratio (DPR) is currently 73.85%.

Wall Street Analyst Weigh In

ARCC has been the subject of a number of research reports. UBS Group upgraded shares of Ares Capital to a “hold” rating in a report on Friday, August 23rd. StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. B. Riley upped their target price on Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price target on shares of Ares Capital in a research note on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ares Capital has an average rating of “Moderate Buy” and a consensus price target of $21.86.

Ares Capital Company 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.