Values Added Financial LLC Has $612,000 Stake in Ares Capital Co. (NASDAQ:ARCC)

Values Added Financial LLC grew its holdings in shares of Ares Capital Co. (NASDAQ:ARCC) by 112.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,980 shares of the investment management company’s stock after acquiring an additional 14,780 shares during the period. Values Added Financial LLC’s holdings in Ares Capital were worth $612,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Ares Capital during the fourth quarter worth $519,000. Round Rock Advisors LLC bought a new position in shares of Ares Capital during the 4th quarter worth about $1,512,000. Chicago Partners Investment Group LLC grew its stake in shares of Ares Capital by 5.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 507,374 shares of the investment management company’s stock valued at $11,208,000 after buying an additional 25,347 shares during the period. Franklin Resources Inc. increased its position in Ares Capital by 24.3% in the 3rd quarter. Franklin Resources Inc. now owns 650,163 shares of the investment management company’s stock valued at $13,900,000 after buying an additional 127,219 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Ares Capital by 4.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 885,406 shares of the investment management company’s stock worth $18,540,000 after buying an additional 38,559 shares during the period. 27.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ARCC has been the subject of several recent research reports. B. Riley raised their price target on shares of Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on Ares Capital from $23.00 to $24.50 and gave the company an “overweight” rating in a report on Monday, February 3rd. Wells Fargo & Company decreased their price target on Ares Capital from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Ares Capital from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada increased their target price on shares of Ares Capital from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Ares Capital currently has an average rating of “Moderate Buy” and a consensus target price of $22.94.

Ares Capital Stock Performance

NASDAQ:ARCC opened at $23.08 on Friday. Ares Capital Co. has a 1 year low of $19.32 and a 1 year high of $23.84. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.29. The business has a fifty day simple moving average of $22.46 and a two-hundred day simple moving average of $21.58. The company has a market capitalization of $15.50 billion, a P/E ratio of 9.42 and a beta of 1.01.

Ares Capital (NASDAQ:ARCC) last issued its earnings results on Wednesday, February 5th. The investment management company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Ares Capital had a net margin of 50.90% and a return on equity of 11.54%. On average, analysts expect that Ares Capital Co. will post 2.2 earnings per share for the current year.

Ares Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 8.32%. The ex-dividend date is Friday, March 14th. Ares Capital’s dividend payout ratio is presently 78.37%.

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.