Relative Value Partners Group LLC grew its holdings in shares of Ares Capital Corporation (NASDAQ:ARCC) by 16.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 230,068 shares of the investment management company’s stock after buying an additional 32,157 shares during the quarter. Relative Value Partners Group LLC owned 0.05% of Ares Capital Corporation worth $3,771,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Ares Capital Corporation by 1.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,970,937 shares of the investment management company’s stock valued at $97,864,000 after purchasing an additional 93,695 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Ares Capital Corporation by 1.6% in the third quarter. Principal Financial Group Inc. now owns 5,815,313 shares of the investment management company’s stock valued at $95,312,000 after purchasing an additional 89,967 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Ares Capital Corporation by 4.3% in the third quarter. Ameriprise Financial Inc. now owns 5,732,052 shares of the investment management company’s stock valued at $93,986,000 after purchasing an additional 236,468 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in shares of Ares Capital Corporation by 12.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 3,600,000 shares of the investment management company’s stock valued at $59,004,000 after purchasing an additional 400,000 shares during the period. Finally, Yorktown Management & Research Co Inc boosted its holdings in shares of Ares Capital Corporation by 3.6% in the third quarter. Yorktown Management & Research Co Inc now owns 2,330,000 shares of the investment management company’s stock valued at $38,189,000 after purchasing an additional 80,000 shares during the period. 43.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ares Capital Corporation (NASDAQ:ARCC) opened at $16.32 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $6,957.20, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 3.94 and a beta of 0.63. Ares Capital Corporation has a twelve month low of $15.48 and a twelve month high of $17.87.

Ares Capital Corporation (NASDAQ:ARCC) last posted its earnings results on Thursday, November 2nd. The investment management company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $294.00 million during the quarter, compared to analyst estimates of $295.02 million. Ares Capital Corporation had a return on equity of 8.60% and a net margin of 45.78%. During the same quarter in the prior year, the business earned $0.43 earnings per share. equities analysts forecast that Ares Capital Corporation will post 1.38 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a yield of 9.31%. Ares Capital Corporation’s dividend payout ratio is currently 119.69%.

In related news, Director Michael J. Arougheti bought 8,365 shares of the stock in a transaction on Friday, November 3rd. The stock was bought at an average price of $15.85 per share, for a total transaction of $132,585.25. Following the completion of the acquisition, the director now directly owns 937,054 shares in the company, valued at $14,852,305.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have acquired 8,965 shares of company stock valued at $142,323. 0.45% of the stock is owned by company insiders.

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A number of brokerages recently issued reports on ARCC. Keefe, Bruyette & Woods set a $19.00 price target on Ares Capital Corporation and gave the company a “buy” rating in a report on Friday, October 6th. Zacks Investment Research lowered Ares Capital Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. National Securities reiterated a “buy” rating and issued a $19.00 price target on shares of Ares Capital Corporation in a report on Monday, August 7th. BidaskClub lowered Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Finally, TheStreet upgraded Ares Capital Corporation from a “c+” rating to a “b” rating in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $18.06.

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.

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

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