40,307 Shares in Ares Capital Corporation $ARCC Purchased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC acquired a new stake in shares of Ares Capital Corporation (NASDAQ:ARCC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 40,307 shares of the investment management company’s stock, valued at approximately $747,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley lifted its stake in shares of Ares Capital by 2.0% in the fourth quarter. Morgan Stanley now owns 17,558,581 shares of the investment management company’s stock worth $355,210,000 after buying an additional 341,578 shares in the last quarter. UBS Group AG increased its position in shares of Ares Capital by 41.8% during the fourth quarter. UBS Group AG now owns 11,201,905 shares of the investment management company’s stock valued at $226,615,000 after acquiring an additional 3,301,890 shares in the last quarter. Strs Ohio bought a new stake in shares of Ares Capital during the first quarter valued at approximately $189,210,000. Bank of America Corp DE raised its holdings in Ares Capital by 16.0% in the 1st quarter. Bank of America Corp DE now owns 9,135,454 shares of the investment management company’s stock worth $164,621,000 after acquiring an additional 1,259,230 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in Ares Capital by 16.4% in the 4th quarter. Legal & General Group Plc now owns 5,408,067 shares of the investment management company’s stock worth $109,432,000 after acquiring an additional 761,838 shares during the last quarter. 27.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ARCC. Oppenheimer cut their target price on Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Capital in a research note on Tuesday, June 9th. B. Riley Financial dropped their price target on shares of Ares Capital from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. 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 research note on Thursday, July 2nd. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $19.00 price objective (down from $20.00) on shares of Ares Capital in a report on Friday, June 12th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ares Capital presently has a consensus rating of “Moderate Buy” and an average target price of $20.40.

Ares Capital Trading Down 1.2%

NASDAQ:ARCC opened at $19.64 on Tuesday. Ares Capital Corporation has a one year low of $17.40 and a one year high of $22.62. The business has a fifty day moving average price of $18.88 and a 200-day moving average price of $18.82. The firm has a market capitalization of $14.10 billion, a price-to-earnings ratio of 14.55 and a beta of 0.56. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.28 and a quick ratio of 1.28.

Ares Capital (NASDAQ:ARCC) last released its earnings results on Wednesday, July 29th. The investment management company reported $0.47 earnings per share 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 for the quarter, compared to the consensus estimate of $770.19 million. During the same period in the previous year, the business earned $0.50 earnings per share. Sell-side analysts forecast that Ares Capital Corporation will post 1.91 EPS for the current year.

Ares Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.48 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.8%. Ares Capital’s payout ratio 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.