Quantinno Capital Management LP Acquires 32,687 Shares of Ares Capital Corporation $ARCC

Quantinno Capital Management LP lifted its holdings in shares of Ares Capital Corporation (NASDAQ:ARCC) by 67.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,043 shares of the investment management company’s stock after purchasing an additional 32,687 shares during the period. Quantinno Capital Management LP’s holdings in Ares Capital were worth $1,460,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ARCC. Strs Ohio bought a new position in Ares Capital during the 1st quarter worth $189,210,000. UBS Group AG grew its position in shares of Ares Capital by 41.8% in the 4th quarter. UBS Group AG now owns 11,201,905 shares of the investment management company’s stock valued at $226,615,000 after buying an additional 3,301,890 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Ares Capital in the 3rd quarter valued at about $36,943,000. Altshuler Shaham Ltd acquired a new stake in shares of Ares Capital in the fourth quarter valued at about $33,380,000. Finally, Michael & Susan Dell Foundation acquired a new stake in shares of Ares Capital in the fourth quarter valued at about $26,089,000. Institutional investors own 27.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ARCC. Citizens Jmp cut their price objective on Ares Capital from $23.00 to $22.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Wall Street Zen downgraded shares of Ares Capital from a “hold” rating to a “sell” rating in a research report on Sunday, August 2nd. Royal Bank Of Canada lowered their price target on shares of Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Capital in a research report on Tuesday, June 9th. Finally, B. Riley Financial reduced their price objective on shares of Ares Capital from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.40.

Ares Capital Price Performance

Shares of NASDAQ ARCC opened at $20.19 on Friday. The firm’s 50-day moving average price is $18.84 and its 200-day moving average price is $18.83. Ares Capital Corporation has a 1-year low of $17.40 and a 1-year high of $22.76. The firm has a market capitalization of $14.50 billion, a P/E ratio of 14.96 and a beta of 0.56. 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 (NASDAQ:ARCC) last issued its earnings results on Wednesday, July 29th. The investment management company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Ares Capital had a return on equity of 9.80% and a net margin of 30.91%.The company had revenue of $768.00 million during the quarter, compared to the consensus estimate of $770.19 million. During the same period last year, the business posted $0.50 EPS. Equities research analysts anticipate that Ares Capital Corporation will post 1.91 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.92 annualized dividend and a yield of 9.5%. Ares Capital’s dividend payout ratio is presently 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.