Camelot Portfolios LLC lessened its holdings in Ares Capital Co. (NASDAQ:ARCC) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 218,394 shares of the investment management company’s stock after selling 3,832 shares during the period. Ares Capital accounts for approximately 1.6% of Camelot Portfolios LLC’s investment portfolio, making the stock its 12th biggest holding. Camelot Portfolios LLC’s holdings in Ares Capital were worth $3,433,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in Ares Capital by 14,542.3% in the fourth quarter. Bessemer Group Inc. now owns 7,614 shares of the investment management company’s stock worth $120,000 after purchasing an additional 7,562 shares during the period. Legacy Advisors LLC acquired a new position in shares of Ares Capital during the third quarter valued at $128,000. Van Cleef Asset Management Inc acquired a new position in shares of Ares Capital during the fourth quarter valued at $157,000. Harvest Capital Management Inc acquired a new position in shares of Ares Capital during the fourth quarter valued at $162,000. Finally, Joel Isaacson & Co. LLC acquired a new position in shares of Ares Capital during the third quarter valued at $164,000. 43.47% of the stock is owned by hedge funds and other institutional investors.

Shares of Ares Capital Co. (NASDAQ ARCC) opened at $15.56 on Friday. Ares Capital Co. has a one year low of $15.03 and a one year high of $17.87. 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 cap of $6,718.48, a PE ratio of 10.94, a P/E/G ratio of 3.36 and a beta of 0.62.

Several equities analysts have recently issued reports on ARCC shares. TheStreet raised shares of Ares Capital from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Compass Point started coverage on shares of Ares Capital in a report on Wednesday, December 6th. They set a “buy” rating and a $17.50 price target for the company. National Securities reissued a “buy” rating and set a $19.00 price target on shares of Ares Capital in a report on Friday, November 3rd. Jefferies Group reissued a “buy” rating and set a $19.50 price target on shares of Ares Capital in a report on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Ares Capital from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.00.

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Ares Capital Company 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 (NASDAQ:ARCC)

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