PFG Advisors Has $1.21 Million Stock Position in Ares Capital Co. (NASDAQ:ARCC)

PFG Advisors boosted its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,360 shares of the investment management company’s stock after purchasing an additional 2,181 shares during the quarter. PFG Advisors’ holdings in Ares Capital were worth $1,212,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Cyndeo Wealth Partners LLC raised its stake in Ares Capital by 2.3% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 19,148 shares of the investment management company’s stock valued at $419,000 after purchasing an additional 430 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of Ares Capital by 0.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 56,182 shares of the investment management company’s stock valued at $1,230,000 after buying an additional 512 shares in the last quarter. Western Financial Corp CA raised its stake in shares of Ares Capital by 2.2% in the 4th quarter. Western Financial Corp CA now owns 26,387 shares of the investment management company’s stock valued at $578,000 after buying an additional 564 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in shares of Ares Capital by 1.6% in the 4th quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company’s stock valued at $812,000 after buying an additional 567 shares in the last quarter. Finally, Tyche Wealth Partners LLC raised its stake in shares of Ares Capital by 3.6% in the 4th quarter. Tyche Wealth Partners LLC now owns 16,455 shares of the investment management company’s stock valued at $360,000 after buying an additional 578 shares in the last quarter. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Ares Capital Stock Down 1.4 %

Shares of NASDAQ:ARCC opened at $21.44 on Friday. Ares Capital Co. has a one year low of $19.32 and a one year high of $23.84. The company has a 50 day moving average of $22.91 and a 200-day moving average of $21.89. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of 8.75 and a beta of 1.00.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings results on Wednesday, February 5th. The investment management company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). Ares Capital had a return on equity of 11.54% and a net margin of 50.90%. On average, sell-side analysts forecast that Ares Capital Co. will post 2.19 earnings per share for the current year.

Ares Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 8.96%. The ex-dividend date of this dividend is Friday, March 14th. Ares Capital’s dividend payout ratio is currently 78.37%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ARCC shares. Raymond James cut shares of Ares Capital from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 6th. Royal Bank of Canada lifted their price target on shares of Ares Capital from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on shares of Ares Capital from $23.00 to $24.50 and gave the company an “overweight” rating in a report on Monday, February 3rd. StockNews.com downgraded shares of Ares Capital from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Ares Capital from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ares Capital has an average rating of “Moderate Buy” and an average target price of $22.94.

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.