Vista Finance LLC Has $12.82 Million Position in Ares Capital Corporation $ARCC

Vista Finance LLC lifted its position in Ares Capital Corporation (NASDAQ:ARCC) by 6.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 583,802 shares of the investment management company’s stock after buying an additional 35,607 shares during the period. Ares Capital makes up about 11.0% of Vista Finance LLC’s investment portfolio, making the stock its 3rd biggest position. Vista Finance LLC owned approximately 0.08% of Ares Capital worth $12,820,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARCC. Kingstone Capital Partners Texas LLC purchased a new stake in Ares Capital in the second quarter worth about $877,203,000. Confluence Investment Management LLC lifted its stake in shares of Ares Capital by 0.6% during the 2nd quarter. Confluence Investment Management LLC now owns 3,796,791 shares of the investment management company’s stock valued at $83,378,000 after buying an additional 21,344 shares in the last quarter. Advisors Capital Management LLC lifted its stake in shares of Ares Capital by 3.0% during the 1st quarter. Advisors Capital Management LLC now owns 3,627,990 shares of the investment management company’s stock valued at $80,396,000 after buying an additional 104,339 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Ares Capital by 9.0% during the 1st quarter. LPL Financial LLC now owns 3,567,816 shares of the investment management company’s stock valued at $79,063,000 after buying an additional 293,442 shares in the last quarter. Finally, Allen Investment Management LLC lifted its stake in shares of Ares Capital by 8.4% during the 1st quarter. Allen Investment Management LLC now owns 2,975,197 shares of the investment management company’s stock valued at $65,930,000 after buying an additional 230,924 shares in the last quarter. 27.38% of the stock is currently owned by hedge funds and other institutional investors.

Ares Capital Price Performance

Shares of ARCC stock opened at $19.51 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $13.76 billion, a P/E ratio of 9.52 and a beta of 0.68. The company’s 50-day simple moving average is $21.33 and its two-hundred day simple moving average is $21.53. Ares Capital Corporation has a one year low of $18.26 and a one year high of $23.84.

Ares Capital (NASDAQ:ARCC) last issued its earnings results on Tuesday, July 29th. The investment management company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 10.48% and a net margin of 44.94%.During the same quarter in the prior year, the company earned $0.61 earnings per share. As a group, equities analysts anticipate that Ares Capital Corporation will post 2.19 EPS for the current year.

Ares Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date was Monday, September 15th. Ares Capital’s dividend payout ratio is currently 93.66%.

Analyst Ratings Changes

A number of research firms recently weighed in on ARCC. Wells Fargo & Company lifted their target price on shares of Ares Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. JMP Securities set a $23.00 target price on shares of Ares Capital and gave the company a “market outperform” rating in a research report on Thursday, July 31st. Capital One Financial set a $22.50 target price on shares of Ares Capital in a research report on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Ares Capital in a research report on Wednesday, October 8th. Finally, UBS Group decreased their target price on shares of Ares Capital from $22.50 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ares Capital currently has an average rating of “Moderate Buy” and an average price target of $22.63.

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.