Kavar Capital Partners Group LLC Buys New Position in Ares Capital Corporation $ARCC

Kavar Capital Partners Group LLC bought a new position in Ares Capital Corporation (NASDAQ:ARCC) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 262,319 shares of the investment management company’s stock, valued at approximately $4,727,000.

Other large investors have also made changes to their positions in the company. Palladiem LLC bought a new stake in shares of Ares Capital in the 4th quarter worth about $26,000. SWAN Capital LLC bought a new stake in shares of Ares Capital during the third quarter worth $27,000. Sankala Group LLC purchased a new stake in Ares Capital in the 4th quarter valued at about $28,000. Core Wealth Advisors LLC purchased a new stake in shares of Ares Capital in the fourth quarter valued at approximately $33,000. Finally, Quarry LP bought a new position in shares of Ares Capital during the 3rd quarter worth $33,000. 27.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on ARCC shares. UBS Group decreased their target price on shares of Ares Capital from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Truist Financial decreased their target price on shares of Ares Capital from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods lowered their price target on shares of Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ares Capital in a report on Tuesday, June 9th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $20.65.

Ares Capital Price Performance

Shares of ARCC opened at $18.03 on Friday. The stock has a market cap of $12.95 billion, a PE ratio of 11.06 and a beta of 0.56. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.40 and a quick ratio of 1.40. Ares Capital Corporation has a 1-year low of $17.40 and a 1-year high of $23.42. The firm has a fifty day moving average price of $18.77 and a 200 day moving average price of $19.29.

Ares Capital (NASDAQ:ARCC) last announced its earnings results on Tuesday, April 28th. The investment management company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Ares Capital had a return on equity of 9.85% and a net margin of 37.30%.The business had revenue of $763.00 million for the quarter, compared to analyst estimates of $778.00 million. During the same quarter last year, the company posted $0.50 EPS. Ares Capital’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Ares Capital Corporation will post 1.91 EPS for the current year.

Ares Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.48 per share. The ex-dividend date is Monday, June 15th. This represents a $1.92 dividend on an annualized basis and a yield of 10.6%. Ares Capital’s payout ratio is presently 117.79%.

Ares Capital Company 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.