Values Added Financial LLC Trims Stock Holdings in Ares Capital Corporation $ARCC

Values Added Financial LLC decreased its holdings in Ares Capital Corporation (NASDAQ:ARCC) by 20.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,594 shares of the investment management company’s stock after selling 5,965 shares during the period. Values Added Financial LLC’s holdings in Ares Capital were worth $518,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Taylor Frigon Capital Management LLC boosted its stake in shares of Ares Capital by 20.9% in the second quarter. Taylor Frigon Capital Management LLC now owns 126,366 shares of the investment management company’s stock worth $2,775,000 after acquiring an additional 21,847 shares during the period. Confluence Investment Management LLC boosted its stake in shares of Ares Capital by 0.6% in the second quarter. Confluence Investment Management LLC now owns 3,796,791 shares of the investment management company’s stock worth $83,378,000 after acquiring an additional 21,344 shares during the period. Rollins Financial Advisors LLC boosted its stake in shares of Ares Capital by 10.2% in the first quarter. Rollins Financial Advisors LLC now owns 138,139 shares of the investment management company’s stock worth $3,061,000 after acquiring an additional 12,838 shares during the period. Sound Income Strategies LLC boosted its stake in shares of Ares Capital by 3.2% in the second quarter. Sound Income Strategies LLC now owns 2,453,944 shares of the investment management company’s stock worth $53,889,000 after acquiring an additional 75,109 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Ares Capital by 0.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 241,119 shares of the investment management company’s stock worth $5,343,000 after acquiring an additional 1,776 shares during the period. Institutional investors own 27.38% of the company’s stock.

Ares Capital Price Performance

NASDAQ:ARCC opened at $19.67 on Thursday. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 9.60 and a beta of 0.68. Ares Capital Corporation has a 1 year low of $18.26 and a 1 year high of $23.84. The business has a 50 day simple moving average of $21.75 and a 200-day simple moving average of $21.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.14 and a quick ratio of 1.14.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings data on Tuesday, July 29th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). The company had revenue of $614.00 million during the quarter, compared to the consensus estimate of $748.76 million. Ares Capital had a net margin of 44.94% and a return on equity of 10.48%. During the same period in the previous year, the business earned $0.61 earnings per share. Equities analysts forecast that Ares Capital Corporation will post 2.19 EPS for the current year.

Ares Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend was Monday, September 15th. Ares Capital’s dividend payout ratio (DPR) is currently 93.66%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ARCC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ares Capital in a research note on Wednesday. Keefe, Bruyette & Woods increased their price target on Ares Capital from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Wall Street Zen raised Ares Capital from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. JPMorgan Chase & Co. dropped their price target on Ares Capital from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, October 1st. Finally, B. Riley raised Ares Capital from a “neutral” rating to a “buy” rating and increased their price target for the company from $22.50 to $23.50 in a research note on Wednesday, July 30th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.86.

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.