Ares Capital Co. (NASDAQ:ARCC) Shares Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lifted its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,084 shares of the investment management company’s stock after buying an additional 7,900 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Ares Capital were worth $3,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in ARCC. Horizon Financial Services LLC acquired a new position in Ares Capital in the third quarter valued at about $28,000. Blue Trust Inc. lifted its holdings in shares of Ares Capital by 56.8% in the 3rd quarter. Blue Trust Inc. now owns 2,510 shares of the investment management company’s stock worth $52,000 after acquiring an additional 909 shares during the last quarter. Quarry LP purchased a new position in shares of Ares Capital during the 3rd quarter worth approximately $67,000. Centennial Bank AR acquired a new stake in Ares Capital in the 3rd quarter valued at approximately $102,000. Finally, Avior Wealth Management LLC raised its position in Ares Capital by 19.6% in the fourth quarter. Avior Wealth Management LLC now owns 4,900 shares of the investment management company’s stock valued at $107,000 after purchasing an additional 803 shares during the period. Institutional investors and hedge funds own 27.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ARCC. StockNews.com raised Ares Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Wells Fargo & Company lifted their target price on Ares Capital from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, B. Riley boosted their price target on shares of Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.43.

Ares Capital Stock Up 1.1 %

ARCC stock opened at $23.67 on Monday. The company’s 50 day moving average price is $22.28 and its 200 day moving average price is $21.45. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 9.10 and a beta of 1.00. Ares Capital Co. has a fifty-two week low of $19.32 and a fifty-two week high of $23.74. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29.

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.