Telemus Capital LLC raised its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 6.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 282,430 shares of the investment management company’s stock after buying an additional 16,590 shares during the period. Telemus Capital LLC’s holdings in Ares Capital were worth $4,909,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Muzinich & Co. Inc. increased its position in Ares Capital by 158.2% in the third quarter. Muzinich & Co. Inc. now owns 3,606,602 shares of the investment management company’s stock worth $55,902,000 after buying an additional 2,209,623 shares during the last quarter. Pioneer Investment Management Inc. increased its position in Ares Capital by 1,153.4% in the third quarter. Pioneer Investment Management Inc. now owns 1,947,495 shares of the investment management company’s stock worth $30,186,000 after buying an additional 1,792,113 shares during the last quarter. Bank of Montreal Can increased its position in Ares Capital by 46.5% in the first quarter. Bank of Montreal Can now owns 3,431,407 shares of the investment management company’s stock worth $59,637,000 after buying an additional 1,089,635 shares during the last quarter. Yorktown Management & Research Co Inc increased its position in Ares Capital by 156.1% in the third quarter. Yorktown Management & Research Co Inc now owns 1,690,000 shares of the investment management company’s stock worth $26,195,000 after buying an additional 1,030,000 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in Ares Capital by 573.5% in the third quarter. OMERS ADMINISTRATION Corp now owns 1,178,633 shares of the investment management company’s stock worth $18,269,000 after buying an additional 1,003,633 shares during the last quarter. Institutional investors own 39.07% of the company’s stock.

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

Shares of Ares Capital Co. (NASDAQ:ARCC) traded down 0.57% during mid-day trading on Tuesday, hitting $17.42. 1,281,011 shares of the company were exchanged. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 11.54 and a beta of 0.69. The firm has a 50 day moving average of $17.49 and a 200 day moving average of $16.57. Ares Capital Co. has a 12-month low of $13.85 and a 12-month high of $17.87.

Ares Capital (NASDAQ:ARCC) last released its earnings results on Wednesday, February 22nd. The investment management company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.03. Ares Capital had a return on equity of 9.57% and a net margin of 40.83%. The firm had revenue of $261 million for the quarter, compared to analysts’ expectations of $247.12 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. Equities research analysts forecast that Ares Capital Co. will post $1.60 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 8.73%. The ex-dividend date of this dividend was Monday, March 13th. Ares Capital’s dividend payout ratio is presently 115.15%.

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ARCC has been the topic of a number of research reports. Wells Fargo & Co restated a “buy” rating on shares of Ares Capital in a research report on Wednesday, January 4th. Zacks Investment Research upgraded shares of Ares Capital from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, February 3rd. National Securities reiterated a “neutral” rating and issued a $16.00 price target on shares of Ares Capital in a research report on Monday, January 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $19.50 price target (up from $17.50) on shares of Ares Capital in a research report on Thursday, February 23rd. Finally, Citigroup Inc increased their price target on shares of Ares Capital from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, March 6th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $17.72.

Ares Capital 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.

5 Day Chart for NASDAQ:ARCC

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