Eaton Vance Management continued to hold its stake in Ares Capital Corporation (NASDAQ:ARCC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,000 shares of the investment management company’s stock at the close of the second quarter. Eaton Vance Management’s holdings in Ares Capital Corporation were worth $966,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Penserra Capital Management LLC increased its stake in shares of Ares Capital Corporation by 8.9% during the second quarter. Penserra Capital Management LLC now owns 6,439 shares of the investment management company’s stock worth $105,000 after purchasing an additional 526 shares during the period. Hudock Capital Group LLC increased its stake 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 worth $106,000 after purchasing an additional 200 shares during the period. Ffcm LLC increased its stake in shares of Ares Capital Corporation by 218.9% during the second quarter. Ffcm LLC now owns 6,840 shares of the investment management company’s stock worth $113,000 after purchasing an additional 4,695 shares during the period. Global X Management Co. LLC increased its stake 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 worth $140,000 after purchasing an additional 2,664 shares during the period. Finally, Grove Bank & Trust increased its stake in shares of Ares Capital Corporation by 45.4% during the second quarter. Grove Bank & Trust now owns 9,420 shares of the investment management company’s stock worth $154,000 after purchasing an additional 2,940 shares during the period. Institutional investors own 45.01% of the company’s stock.

WARNING: This story was originally posted by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.dailypolitical.com/2017/09/23/eaton-vance-management-maintains-position-in-ares-capital-corporation-arcc.html.

A number of equities analysts have recently weighed in on ARCC shares. Zacks Investment Research lowered Ares Capital Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $18.50 target price on shares of Ares Capital Corporation in a research note on Friday, June 16th. BidaskClub upgraded Ares Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. TheStreet lowered Ares Capital Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, June 14th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $15.00 target price on shares of Ares Capital Corporation in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Ares Capital Corporation currently has an average rating of “Buy” and a consensus price target of $17.95.

Ares Capital Corporation (NASDAQ:ARCC) opened at 15.85 on Friday. Ares Capital Corporation has a 1-year low of $15.01 and a 1-year high of $17.87. The firm’s 50-day moving average price is $16.10 and its 200-day moving average price is $16.68.

Ares Capital Corporation (NASDAQ:ARCC) last released its quarterly earnings results on Wednesday, August 2nd. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $284.00 million during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.50 EPS. Analysts forecast that Ares Capital Corporation will post $1.40 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.38 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 9.59%. Ares Capital Corporation’s payout ratio is currently 117.83%.

About Ares Capital Corporation

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.

Want to see what other hedge funds are holding ARCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ares Capital Corporation (NASDAQ:ARCC).

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

Receive News & Ratings for Ares Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Capital Corporation and related companies with MarketBeat.com's FREE daily email newsletter.