Ares Capital Corp. (NASDAQ:ARCC) traded down 0.4% on Friday . The stock traded as low as $13.96 and last traded at $13.96, with a volume of 3,344,913 shares. The stock had previously closed at $14.01.

Several equities research analysts have weighed in on the company. National Securities assumed coverage on Ares Capital Corp. in a report on Tuesday, June 28th. They set a “neutral” rating and a $16.00 price target on the stock. Jefferies Group restated 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 downgraded Ares Capital Corp. from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $16.93.

The stock’s 50 day moving average price is $14.45 and its 200 day moving average price is $14.31.

Ares Capital Corp. (NASDAQ:ARCC) last issued its earnings results on Wednesday, May 4th. The investment management company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.02. The company earned $248 million during the quarter, compared to analysts’ expectations of $255.19 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. Equities analysts anticipate that Ares Capital Corp. will post $1.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 10.89%. The ex-dividend date of this dividend was Monday, June 13th.

Several hedge funds and institutional investors recently modified their holdings of the company. Buckhead Capital Management LLC boosted its position in shares of 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 worth $1,304,000 after buying an additional 4,200 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Ares Capital Corp. during the fourth quarter worth approximately $1,423,000. P.A.W. Capital Corp boosted its position in shares of Ares Capital Corp. by 66.7% in the fourth quarter. P.A.W. Capital Corp now owns 150,000 shares of the investment management company’s stock worth $2,138,000 after buying an additional 60,000 shares in the last quarter. Green Square Capital LLC boosted its position in shares of 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 worth $2,202,000 after buying an additional 3,296 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Ares Capital Corp. by 2.5% in the fourth quarter. Boston Partners now owns 211,162 shares of the investment management company’s stock worth $3,009,000 after buying an additional 5,119 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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