BlueCrest Capital Management Ltd lessened its holdings in Ares Capital Corporation (NASDAQ:ARCC) by 85.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 17,118 shares of the investment management company’s stock after selling 101,525 shares during the period. BlueCrest Capital Management Ltd’s holdings in Ares Capital Corporation were worth $280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its holdings in shares of Ares Capital Corporation by 8.9% during the 2nd quarter. Penserra Capital Management LLC now owns 6,439 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 526 shares during the last quarter. Hudock Capital Group LLC boosted its holdings in shares of Ares Capital Corporation by 3.2% during the 2nd quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock valued at $106,000 after purchasing an additional 200 shares during the last quarter. Ffcm LLC boosted its holdings in shares of Ares Capital Corporation by 218.9% during the 2nd quarter. Ffcm LLC now owns 6,840 shares of the investment management company’s stock valued at $113,000 after purchasing an additional 4,695 shares during the last quarter. Global X Management Co. LLC boosted its holdings in shares of Ares Capital Corporation by 49.4% during the 1st quarter. Global X Management Co. LLC now owns 8,055 shares of the investment management company’s stock valued at $140,000 after purchasing an additional 2,664 shares during the last quarter. Finally, Grove Bank & Trust boosted its holdings in shares of Ares Capital Corporation by 45.4% during the 2nd quarter. Grove Bank & Trust now owns 9,420 shares of the investment management company’s stock valued at $154,000 after purchasing an additional 2,940 shares during the last quarter. 44.98% of the stock is owned by institutional investors and hedge funds.

Ares Capital Corporation (NASDAQ ARCC) opened at 16.46 on Thursday. Ares Capital Corporation has a one year low of $15.01 and a one year high of $17.87. The company has a 50 day moving average of $16.17 and a 200-day moving average of $16.52.

Ares Capital Corporation (NASDAQ:ARCC) last posted its 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 analyst estimates 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 quarter in the previous year, the firm earned $0.50 earnings per share. On average, analysts predict that Ares Capital Corporation will post $1.40 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued 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 9.23%. Ares Capital Corporation’s payout ratio is 117.83%.

Several research analysts have commented on the stock. BidaskClub downgraded shares of Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. TheStreet raised shares of Ares Capital Corporation from a “c+” rating to a “b” rating in a report on Monday, August 7th. Keefe, Bruyette & Woods set a $19.00 price objective on shares of Ares Capital Corporation and gave the company a “buy” rating in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Ares Capital Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, National Securities reissued a “buy” rating and set a $19.00 price objective on shares of Ares Capital Corporation in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.89.

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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.

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

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