one8zero8 LLC Invests $7.36 Million in Ares Capital Corporation $ARCC

one8zero8 LLC purchased a new stake in Ares Capital Corporation (NASDAQ:ARCC) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 397,430 shares of the investment management company’s stock, valued at approximately $7,364,000. Ares Capital accounts for 1.5% of one8zero8 LLC’s holdings, making the stock its 14th largest position.

A number of other institutional investors have also modified their holdings of ARCC. Palladiem LLC acquired a new stake in Ares Capital during the fourth quarter worth about $26,000. SWAN Capital LLC acquired a new position in Ares Capital in the third quarter valued at approximately $27,000. Sankala Group LLC bought a new position in shares of Ares Capital during the fourth quarter valued at approximately $28,000. Core Wealth Advisors LLC bought a new position in shares of Ares Capital during the fourth quarter valued at approximately $33,000. Finally, Quarry LP acquired a new stake in shares of Ares Capital during the 3rd quarter worth approximately $33,000. Institutional investors own 27.38% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ARCC shares. Royal Bank Of Canada cut their price target on Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Truist Financial lowered their price objective on Ares Capital from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Capital in a research report on Tuesday, June 9th. Keefe, Bruyette & Woods cut their target price on Ares Capital from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Ares Capital from $19.00 to $18.50 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.40.

Ares Capital Stock Performance

Shares of NASDAQ ARCC opened at $19.80 on Thursday. Ares Capital Corporation has a 12-month low of $17.40 and a 12-month high of $22.53. The company has a market cap of $14.22 billion, a PE ratio of 14.67 and a beta of 0.56. The stock has a 50 day simple moving average of $18.90 and a 200-day simple moving average of $18.81. 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 posted 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. The firm had revenue of $768.00 million for the quarter, compared to analysts’ expectations of $770.19 million. Ares Capital had a return on equity of 9.80% and a net margin of 30.91%.During the same period last year, the firm earned $0.50 EPS. On average, equities research analysts forecast that Ares Capital Corporation will post 1.91 EPS for the current year.

Ares Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Ares Capital’s dividend payout ratio (DPR) is 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.