Ares Capital Corp. (NASDAQ:ARCC) shares saw an uptick in trading volume on Wednesday . 2,537,328 shares changed hands during trading, a decline of 11% from the previous session’s volume of 2,855,100 shares.The stock last traded at $14.06 and had previously closed at $14.16.

Several brokerages have recently issued reports on ARCC. National Securities began coverage on Ares Capital Corp. in a report on Tuesday, June 28th. They set a “neutral” rating and a $16.00 price target for the company. Jefferies Group reiterated a “buy” rating on shares of Ares Capital Corp. in a report on Tuesday, May 24th. TheStreet upgraded Ares Capital Corp. from a “hold” rating to a “buy” rating in a report on Monday, May 9th. Finally, Zacks Investment Research lowered Ares Capital Corp. from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $16.93.

The firm’s 50-day moving average is $14.51 and its 200 day moving average is $14.32.

Ares Capital Corp. (NASDAQ:ARCC) last issued its quarterly earnings data on Wednesday, May 4th. The investment management company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by $0.02. The business earned $248 million during the quarter, compared to analysts’ expectations of $255.19 million. During the same period in the prior year, the company earned $0.32 earnings per share. The business’s quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts predict that Ares Capital Corp. will post $1.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 10.84%. The ex-dividend date of this dividend was Monday, June 13th.

Several institutional investors have added to or reduced their stakes in the stock. D L Carlson Investment Group Inc. raised its position in Ares Capital Corp. by 0.9% in the fourth quarter. D L Carlson Investment Group Inc. now owns 275,209 shares of the investment management company’s stock valued at $3,922,000 after buying an additional 2,488 shares in the last quarter. Green Square Capital LLC raised its position in Ares Capital Corp. by 2.2% in the fourth quarter. Green Square Capital LLC now owns 154,528 shares of the investment management company’s stock valued at $2,202,000 after buying an additional 3,296 shares in the last quarter. Buckhead Capital Management LLC raised its position in Ares Capital Corp. by 4.8% in the fourth quarter. Buckhead Capital Management LLC now owns 91,475 shares of the investment management company’s stock valued at $1,304,000 after buying an additional 4,200 shares in the last quarter. Boston Partners raised its position in Ares Capital Corp. by 2.5% in the fourth quarter. Boston Partners now owns 211,162 shares of the investment management company’s stock valued at $3,009,000 after buying an additional 5,119 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Ares Capital Corp. by 2.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 354,071 shares of the investment management company’s stock valued at $5,046,000 after buying an additional 8,723 shares in the last quarter.

Ares Capital Corporation is a specialty finance company that is 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. The Company invests primarily in the United States middle-market companies.

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