Sciencast Management LP increased its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 27.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,647 shares of the investment management company’s stock after acquiring an additional 3,125 shares during the quarter. Sciencast Management LP’s holdings in Ares Capital Corporation were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Green Square Capital LLC grew its position in Ares Capital Corporation by 75.2% during the 2nd quarter. Green Square Capital LLC now owns 372,545 shares of the investment management company’s stock worth $6,102,000 after acquiring an additional 159,893 shares during the last quarter. Shelton Capital Management grew its position in shares of Ares Capital Corporation by 38.7% in the 2nd quarter. Shelton Capital Management now owns 93,141 shares of the investment management company’s stock worth $1,526,000 after buying an additional 26,000 shares during the last quarter. Partners Group Holding AG grew its position in shares of Ares Capital Corporation by 8.0% in the 2nd quarter. Partners Group Holding AG now owns 969,547 shares of the investment management company’s stock worth $15,881,000 after buying an additional 71,500 shares during the last quarter. Punch & Associates Investment Management Inc. bought a new stake in shares of Ares Capital Corporation in the 2nd quarter worth approximately $5,454,000. Finally, Optimum Investment Advisors grew its position in shares of Ares Capital Corporation by 0.5% in the 2nd quarter. Optimum Investment Advisors now owns 88,753 shares of the investment management company’s stock worth $1,454,000 after buying an additional 460 shares during the last quarter. Institutional investors and hedge funds own 45.01% of the company’s stock.

A number of brokerages have recently weighed in on ARCC. BidaskClub upgraded Ares Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. TheStreet lowered Ares Capital Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, June 14th. National Securities reiterated a “buy” rating and issued a $19.00 price objective on shares of Ares Capital Corporation in a research report on Monday, August 7th. Zacks Investment Research lowered Ares Capital Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.50 price objective on shares of Ares Capital Corporation in a research report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. Ares Capital Corporation presently has an average rating of “Buy” and a consensus target price of $17.89.

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Shares of Ares Capital Corporation (ARCC) opened at 16.605 on Wednesday. The stock has a 50 day moving average price of $16.09 and a 200-day moving average price of $16.55. Ares Capital Corporation has a 12 month low of $15.01 and a 12 month high of $17.87.

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 consensus estimate of $0.36 by ($0.02). Ares Capital Corporation had a return on equity of 8.95% and a net margin of 44.61%. The firm had revenue of $284.00 million during the quarter, compared to the consensus estimate of $297.77 million. During the same period last year, the company earned $0.50 EPS. Analysts expect that Ares Capital Corporation will post $1.40 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 9.17%. Ares Capital Corporation’s dividend payout ratio (DPR) is currently 117.83%.

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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