Wealthcare Advisory Partners LLC Has $4.89 Million Holdings in Ares Capital Corporation $ARCC

Wealthcare Advisory Partners LLC increased its position in shares of Ares Capital Corporation (NASDAQ:ARCC) by 14.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 264,044 shares of the investment management company’s stock after buying an additional 32,983 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Ares Capital were worth $4,893,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Prairiewood Capital LLC grew its stake in Ares Capital by 22.9% during the fourth quarter. Prairiewood Capital LLC now owns 303,282 shares of the investment management company’s stock worth $6,135,000 after purchasing an additional 56,465 shares during the period. Eos Management L.P. acquired a new position in Ares Capital in the fourth quarter valued at approximately $1,416,000. Cornerstone Advisory LLC boosted its holdings in shares of Ares Capital by 1,022.6% during the 4th quarter. Cornerstone Advisory LLC now owns 145,943 shares of the investment management company’s stock worth $2,952,000 after buying an additional 132,943 shares in the last quarter. Advisors Capital Management LLC boosted its holdings in shares of Ares Capital by 13.5% during the 4th quarter. Advisors Capital Management LLC now owns 3,566,790 shares of the investment management company’s stock worth $72,156,000 after buying an additional 423,795 shares in the last quarter. Finally, Whittier Trust Co. acquired a new stake in shares of Ares Capital during the 4th quarter worth approximately $1,758,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Ares Capital from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. JPMorgan Chase & Co. reduced their target price on Ares Capital from $19.00 to $18.50 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. Royal Bank Of Canada reduced their target price on Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Citizens Jmp decreased their target price on Ares Capital from $23.00 to $22.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. Finally, Oppenheimer dropped their price target on Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Ares Capital currently has an average rating of “Moderate Buy” and an average target price of $20.40.

Ares Capital Stock Performance

Shares of ARCC stock opened at $19.97 on Wednesday. The firm has a market capitalization of $14.34 billion, a PE ratio of 14.79 and a beta of 0.56. The firm has a fifty day simple moving average of $18.79 and a two-hundred day simple moving average of $18.84. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.14. Ares Capital Corporation has a 12 month low of $17.40 and a 12 month high of $22.76.

Ares Capital (NASDAQ:ARCC) last released its quarterly earnings data on Wednesday, July 29th. The investment management company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Ares Capital had a net margin of 30.91% and a return on equity of 9.80%. The firm had revenue of $768.00 million for the quarter, compared to analyst estimates of $770.19 million. During the same period last year, the firm earned $0.50 earnings per share. Analysts forecast that Ares Capital Corporation will post 1.91 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date is Tuesday, September 15th. Ares Capital’s dividend payout ratio is currently 142.22%.

Ares Capital Profile

Ares Capital Corporation (NASDAQ: ARCC) is a publicly traded business development company (BDC) that specializes in providing debt and equity financing solutions to U.S. middle-market companies. As a BDC, Ares Capital offers investors access to a diversified portfolio of tailored credit investments, including senior secured loans, unitranche financing, mezzanine debt and equity co-investments. The firm’s flexible capital structures are designed to support companies seeking growth capital, refinancing or strategic acquisitions.

Through its credit platform, Ares Capital focuses on originations, underwriting and portfolio management across a range of industries, with a particular emphasis on sectors such as healthcare, technology, industrials and business services.