Sigma Planning Corp increased its stake in Ares Capital Corporation (NASDAQ:ARCC) by 36.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,977 shares of the investment management company’s stock after buying an additional 39,650 shares during the period. Sigma Planning Corp’s holdings in Ares Capital Corporation were worth $2,440,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Penserra Capital Management LLC raised its stake in Ares Capital Corporation by 16.2% in the first quarter. Penserra Capital Management LLC now owns 5,913 shares of the investment management company’s stock valued at $102,000 after buying an additional 825 shares in the last quarter. Coconut Grove Bank raised its stake in Ares Capital Corporation by 366.2% in the first quarter. Coconut Grove Bank now owns 6,480 shares of the investment management company’s stock valued at $113,000 after buying an additional 5,090 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Ares Capital Corporation during the fourth quarter valued at approximately $130,000. Global X Management Co. LLC raised its stake in Ares Capital Corporation by 49.4% in 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 in the last quarter. Finally, Glassman Wealth Services acquired a new stake in Ares Capital Corporation during the first quarter valued at approximately $152,000. Institutional investors own 48.34% of the company’s stock.

Ares Capital Corporation (ARCC) opened at 16.06 on Friday. Ares Capital Corporation has a 52 week low of $15.01 and a 52 week high of $17.87. The company’s 50 day moving average is $16.39 and its 200 day moving average is $16.95.

Ares Capital Corporation (NASDAQ:ARCC) last announced its quarterly earnings data 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 business had revenue of $284 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.50 EPS. On average, equities analysts anticipate that Ares Capital Corporation will post $1.40 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 9.46%. The ex-dividend date of this dividend is Thursday, September 14th. Ares Capital Corporation’s dividend payout ratio (DPR) is currently 117.83%.

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Several analysts have recently commented on the stock. TheStreet upgraded shares of Ares Capital Corporation from a “c+” rating to a “b” rating in a research report on Monday, August 7th. BidaskClub lowered shares of Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday. National Securities reiterated a “buy” rating and issued a $19.00 price target on shares of Ares Capital Corporation in a research report on Monday, August 7th. Zacks Investment Research lowered shares of Ares Capital Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $19.50 price target on shares of Ares Capital Corporation in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $18.00.

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

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