Ares Capital Co. (NASDAQ:ARCC) CFO Penelope F. Roll sold 6,000 shares of Ares Capital stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $16.76, for a total transaction of $100,560.00. Following the completion of the sale, the chief financial officer now directly owns 11,147 shares of the company’s stock, valued at approximately $186,823.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

NASDAQ:ARCC traded up $0.30 during trading hours on Wednesday, reaching $17.00. The company had a trading volume of 2,107,211 shares, compared to its average volume of 1,884,896. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.62. Ares Capital Co. has a 52 week low of $15.03 and a 52 week high of $17.63. The company has a market cap of $7.32 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 3.52 and a beta of 0.60.

Ares Capital (NASDAQ:ARCC) last posted its earnings results on Wednesday, October 31st. The investment management company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Ares Capital had a net margin of 72.13% and a return on equity of 9.34%. The business had revenue of $342.00 million during the quarter, compared to the consensus estimate of $320.15 million. During the same quarter in the previous year, the firm posted $0.36 EPS. The firm’s revenue was up 16.3% on a year-over-year basis. Research analysts forecast that Ares Capital Co. will post 1.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 9.18%. The ex-dividend date is Thursday, December 13th. Ares Capital’s dividend payout ratio is presently 112.23%.

A number of research firms have commented on ARCC. National Securities reaffirmed a “buy” rating and issued a $19.00 target price on shares of Ares Capital in a research report on Monday, August 6th. BidaskClub raised shares of Ares Capital from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Citigroup began coverage on shares of Ares Capital in a research report on Thursday, August 23rd. They issued a “buy” rating and a $19.00 target price for the company. Zacks Investment Research raised shares of Ares Capital from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Thursday, November 15th. Finally, Oppenheimer set a $18.00 target price on shares of Ares Capital and gave the stock a “buy” rating in a research report on Thursday, November 1st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Ares Capital has a consensus rating of “Buy” and an average price target of $18.25.

Several institutional investors have recently modified their holdings of ARCC. Millennium Management LLC boosted its stake in shares of Ares Capital by 65.3% during the 2nd quarter. Millennium Management LLC now owns 3,408,182 shares of the investment management company’s stock worth $56,065,000 after acquiring an additional 1,346,837 shares during the last quarter. Standard Life Aberdeen plc purchased a new position in shares of Ares Capital during the 2nd quarter worth $17,133,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Ares Capital by 6.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,964,651 shares of the investment management company’s stock worth $102,533,000 after acquiring an additional 374,300 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Ares Capital during the 2nd quarter worth $5,807,000. Finally, First Republic Investment Management Inc. boosted its stake in shares of Ares Capital by 94.5% during the 3rd quarter. First Republic Investment Management Inc. now owns 716,735 shares of the investment management company’s stock worth $12,321,000 after acquiring an additional 348,212 shares during the last quarter. Institutional investors and hedge funds own 40.31% of the company’s stock.

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About Ares Capital

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.

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