Ffcm LLC Has $113,000 Holdings in Ares Capital Corporation (NASDAQ:ARCC)

Ffcm LLC increased its stake in Ares Capital Corporation (NASDAQ:ARCC) by 218.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 6,840 shares of the investment management company’s stock after buying an additional 4,695 shares during the quarter. Ffcm LLC’s holdings in Ares Capital Corporation were worth $113,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ARCC. Penserra Capital Management LLC raised its stake in Ares Capital Corporation by 16.2% in the 1st quarter. Penserra Capital Management LLC now owns 5,913 shares of the investment management company’s stock valued at $102,000 after acquiring an additional 825 shares during the period. Hudock Capital Group LLC increased its position in shares of Ares Capital Corporation by 3.2% during the second quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock valued at $106,000 after buying an additional 200 shares during the period. Global X Management Co. LLC increased its position in shares of Ares Capital Corporation by 49.4% during the first quarter. Global X Management Co. LLC now owns 8,055 shares of the investment management company’s stock valued at $140,000 after buying an additional 2,664 shares during the period. Glassman Wealth Services bought a new stake in shares of Ares Capital Corporation during the first quarter valued at about $152,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Ares Capital Corporation by 125.6% during the first quarter. Tower Research Capital LLC TRC now owns 9,415 shares of the investment management company’s stock valued at $164,000 after buying an additional 5,241 shares during the period. 45.88% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on the stock. TheStreet cut shares of Ares Capital Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, June 14th. BidaskClub upgraded shares of Ares Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. National Securities reaffirmed a “buy” rating and issued a $19.00 target price on shares of Ares Capital Corporation in a research note on Monday, August 7th. Zacks Investment Research lowered Ares Capital Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.50 price objective on shares of Ares Capital Corporation in a research note on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.06.

Ares Capital Corporation (ARCC) traded up 0.412% during midday trading on Friday, hitting $15.825. The company had a trading volume of 552,885 shares. The stock has a 50 day moving average price of $16.16 and a 200-day moving average price of $16.74. Ares Capital Corporation has a 52 week low of $15.01 and a 52 week high of $17.87.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 9.64%. The ex-dividend date of this dividend is Thursday, September 14th. Ares Capital Corporation’s payout ratio is currently 117.83%.

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Ares Capital Corporation 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.

Institutional Ownership by Quarter for Ares Capital Corporation (NASDAQ:ARCC)

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