Greenwich Investment Management Inc. lifted its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 0.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 500,567 shares of the investment management company’s stock after buying an additional 2,570 shares during the quarter. Ares Capital Corporation comprises 9.6% of Greenwich Investment Management Inc.’s portfolio, making the stock its largest position. Greenwich Investment Management Inc.’s holdings in Ares Capital Corporation were worth $8,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Penserra Capital Management LLC increased its position 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 valued at $105,000 after buying an additional 526 shares during the period. Hudock Capital Group LLC increased its position 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 valued at $106,000 after buying an additional 200 shares during the period. Ffcm LLC increased its position 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 valued at $113,000 after buying an additional 4,695 shares during the period. Global X Management Co. LLC increased its position 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 valued at $140,000 after buying an additional 2,664 shares during the period. Finally, Grove Bank & Trust increased its position 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 valued at $154,000 after buying an additional 2,940 shares during the period. Institutional investors own 45.01% of the company’s stock.

Shares of Ares Capital Corporation (NASDAQ ARCC) traded up 0.51% on Friday, hitting $15.85. 992,674 shares of the stock traded hands. Ares Capital Corporation has a 52-week low of $15.01 and a 52-week high of $17.87. The stock’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 posted its earnings results on Wednesday, August 2nd. The investment management company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $284.00 million for the quarter, compared to analysts’ expectations of $297.77 million. Ares Capital Corporation had a net margin of 44.61% and a return on equity of 8.95%. During the same period last year, the business posted $0.50 EPS. On average, equities analysts expect that Ares Capital Corporation will post $1.40 earnings per share for the current year.

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 9.59%. The ex-dividend date is Thursday, September 14th. Ares Capital Corporation’s payout ratio is currently 117.83%.

ARCC has been the topic of several research analyst reports. BidaskClub cut shares of Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. BMO Capital Markets reiterated a “hold” rating and set a $15.00 price target on shares of Ares Capital Corporation in a research report on Friday, August 25th. Jefferies Group LLC reiterated a “buy” rating and set a $19.50 price target on shares of Ares Capital Corporation in a research report on Friday, July 14th. Zacks Investment Research lowered shares of Ares Capital Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.50 price objective on shares of Ares Capital Corporation in a research note on Friday, June 16th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.95.

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Ares Capital Corporation 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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