Copperwynd Financial LLC Has $3.51 Million Position in Ares Capital Co. (NASDAQ:ARCC)

Copperwynd Financial LLC increased its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 160,177 shares of the investment management company’s stock after purchasing an additional 12,793 shares during the quarter. Ares Capital makes up approximately 1.0% of Copperwynd Financial LLC’s portfolio, making the stock its 20th largest position. Copperwynd Financial LLC’s holdings in Ares Capital were worth $3,506,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mallini Complete Financial Planning LLC acquired a new stake in Ares Capital in the fourth quarter valued at approximately $790,000. First National Trust Co lifted its stake in Ares Capital by 98.0% in the fourth quarter. First National Trust Co now owns 191,136 shares of the investment management company’s stock valued at $4,184,000 after acquiring an additional 94,608 shares during the last quarter. Left Brain Wealth Management LLC lifted its stake in Ares Capital by 83.1% in the fourth quarter. Left Brain Wealth Management LLC now owns 70,275 shares of the investment management company’s stock valued at $1,538,000 after acquiring an additional 31,890 shares during the last quarter. Wellington Shields Capital Management LLC lifted its stake in Ares Capital by 0.6% in the fourth quarter. Wellington Shields Capital Management LLC now owns 164,914 shares of the investment management company’s stock valued at $3,610,000 after acquiring an additional 972 shares during the last quarter. Finally, Integras Partners LLC acquired a new stake in Ares Capital in the fourth quarter valued at approximately $1,537,000. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Ares Capital Trading Down 0.7 %

Shares of ARCC stock opened at $21.28 on Friday. Ares Capital Co. has a 1 year low of $19.32 and a 1 year high of $23.84. The firm’s fifty day simple moving average is $22.88 and its 200 day simple moving average is $21.89. The firm has a market capitalization of $14.50 billion, a P/E ratio of 8.69 and a beta of 1.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.03.

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

Ares Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.02%. The ex-dividend date of this dividend is Friday, March 14th. Ares Capital’s payout ratio is 78.37%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Raymond James cut shares of Ares Capital from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 6th. StockNews.com cut shares of Ares Capital from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Royal Bank of Canada boosted their price objective on shares of Ares Capital from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company reduced their price objective on shares of Ares Capital from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods boosted their price objective 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Ares Capital has an average rating of “Moderate Buy” and a consensus target price of $22.94.

Ares Capital Profile

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.