Traders Buy Large Volume of Ares Capital Corporation Put Options (NASDAQ:ARCC)

Ares Capital Corporation (NASDAQ:ARCC) was the recipient of some unusual options trading activity on Friday. Stock traders purchased 12,555 put options on the company. This is an increase of approximately 1,893% compared to the typical daily volume of 630 put options.

A number of institutional investors have recently modified their holdings of ARCC. Penserra Capital Management LLC raised its stake in Ares Capital Corporation by 8.9% during the 2nd quarter. Penserra Capital Management LLC now owns 6,439 shares of the investment management company’s stock worth $105,000 after buying an additional 526 shares during the period. Hudock Capital Group LLC raised its stake in Ares Capital Corporation by 3.2% during the 2nd quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock worth $106,000 after buying an additional 200 shares during the period. Ffcm LLC raised its stake in Ares Capital Corporation by 218.9% during the 2nd quarter. Ffcm LLC now owns 6,840 shares of the investment management company’s stock worth $113,000 after buying an additional 4,695 shares during the period. Global X Management Co. LLC raised its stake in Ares Capital Corporation by 49.4% during the 1st quarter. Global X Management Co. LLC now owns 8,055 shares of the investment management company’s stock worth $140,000 after buying an additional 2,664 shares during the period. Finally, Grove Bank & Trust raised its stake in Ares Capital Corporation by 45.4% during the 2nd quarter. Grove Bank & Trust now owns 9,420 shares of the investment management company’s stock worth $154,000 after buying an additional 2,940 shares during the period. 44.98% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on ARCC shares. BidaskClub cut shares of Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. TheStreet raised shares of Ares Capital Corporation from a “c+” rating to a “b” rating in a research report on Monday, August 7th. CIBC started coverage on shares of Ares Capital Corporation in a report on Thursday, September 21st. They issued an “outperform” rating and a $18.00 price objective on the stock. BMO Capital Markets restated a “hold” rating and issued a $15.00 price objective on shares of Ares Capital Corporation in a report on Friday, August 25th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $19.50 price objective on shares of Ares Capital Corporation in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. Ares Capital Corporation has an average rating of “Buy” and an average price target of $17.89.

Ares Capital Corporation (NASDAQ ARCC) opened at 16.50 on Wednesday. Ares Capital Corporation has a 12 month low of $15.01 and a 12 month high of $17.87. The stock has a 50 day moving average price of $16.14 and a 200-day moving average price of $16.53.

Ares Capital Corporation (NASDAQ:ARCC) last posted its quarterly earnings results on Wednesday, August 2nd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The company had revenue of $284.00 million during the quarter, compared to the consensus estimate of $297.77 million. Ares Capital Corporation had a return on equity of 8.95% and a net margin of 44.61%. During the same quarter in the prior year, the business earned $0.50 earnings per share. Equities analysts forecast that Ares Capital Corporation will post $1.40 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 9.21%. The ex-dividend date of this dividend was Thursday, September 14th. Ares Capital Corporation’s payout ratio is presently 117.83%.

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Ares Capital Corporation Company Profile

Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.

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