10,735 Shares in Ares Capital Co. (ARCC) Purchased by Campbell Wealth Management
Campbell Wealth Management acquired a new stake in shares of Ares Capital Co. (NASDAQ:ARCC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,735 shares of the investment management company’s stock, valued at approximately $167,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Lavaca Capital LLC acquired a new stake in Ares Capital during the 4th quarter valued at approximately $32,000. Ffcm LLC grew its stake in Ares Capital by 53.4% during the 4th quarter. Ffcm LLC now owns 2,201 shares of the investment management company’s stock valued at $34,000 after purchasing an additional 766 shares in the last quarter. Enlightenment Research LLC acquired a new stake in Ares Capital during the 4th quarter valued at approximately $53,000. Doyle Wealth Management acquired a new stake in Ares Capital during the 4th quarter valued at approximately $82,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Ares Capital by 138.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 6,573 shares of the investment management company’s stock valued at $102,000 after purchasing an additional 3,818 shares in the last quarter. Hedge funds and other institutional investors own 39.27% of the company’s stock.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Ares Capital from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Monday, December 3rd. National Securities raised their price objective on Ares Capital from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. BidaskClub lowered Ares Capital from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. Finally, JMP Securities raised their price objective on Ares Capital from $19.00 to $19.50 and gave the company a “market outperform” rating in a research note on Wednesday, February 13th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ares Capital has an average rating of “Buy” and an average price target of $18.75.
Ares Capital (NASDAQ:ARCC) last issued its earnings results on Tuesday, February 12th. The investment management company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. The company had revenue of $345.00 million during the quarter, compared to analyst estimates of $327.24 million. Ares Capital had a return on equity of 9.69% and a net margin of 64.17%. During the same quarter last year, the firm earned $0.38 EPS. Equities analysts expect that Ares Capital Co. will post 1.71 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a $0.40 dividend. This is an increase from Ares Capital’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 9.32%. Ares Capital’s dividend payout ratio (DPR) is 92.86%.
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Ares Capital Company Profile
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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