Ares Capital Corporation $ARCC Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in shares of Ares Capital Corporation (NASDAQ:ARCC) by 33.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 275,891 shares of the investment management company’s stock after acquiring an additional 69,844 shares during the period. International Assets Investment Management LLC’s holdings in Ares Capital were worth $5,557,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ARCC. AQR Capital Management LLC increased its stake in Ares Capital by 6.5% in the first quarter. AQR Capital Management LLC now owns 16,502 shares of the investment management company’s stock valued at $365,000 after purchasing an additional 1,000 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ares Capital in the 1st quarter valued at $273,000. Goldman Sachs Group Inc. grew its position in shares of Ares Capital by 14.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,835,007 shares of the investment management company’s stock valued at $62,824,000 after buying an additional 358,829 shares during the last quarter. Empowered Funds LLC raised its stake in Ares Capital by 139.9% during the 1st quarter. Empowered Funds LLC now owns 27,655 shares of the investment management company’s stock worth $613,000 after acquiring an additional 16,128 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Ares Capital during the 1st quarter worth $14,766,000. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Ares Capital from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. JPMorgan Chase & Co. decreased their target price on Ares Capital from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, October 1st. Wells Fargo & Company dropped their price target on Ares Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Royal Bank Of Canada reduced their price objective on Ares Capital from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Finally, Wall Street Zen raised Ares Capital from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

Insider Activity

In other news, CEO Michael Kort Schnabel purchased 13,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of $20.39 per share, with a total value of $265,070.00. Following the completion of the acquisition, the chief executive officer directly owned 28,000 shares of the company’s stock, valued at approximately $570,920. This trade represents a 86.67% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.48% of the stock is currently owned by company insiders.

Ares Capital Trading Down 0.6%

Shares of ARCC stock opened at $20.78 on Friday. The company has a market capitalization of $14.87 billion, a P/E ratio of 10.39 and a beta of 0.58. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $20.44 and its two-hundred day moving average is $21.09. Ares Capital Corporation has a twelve month low of $18.26 and a twelve month high of $23.84.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings results on Tuesday, October 28th. The investment management company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Ares Capital had a return on equity of 10.08% and a net margin of 45.16%.The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $766.48 million. During the same period last year, the company earned $0.58 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts forecast that Ares Capital Corporation will post 2.19 EPS for the current year.

Ares Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.92 annualized dividend and a dividend yield of 9.2%. Ares Capital’s payout ratio is presently 96.00%.

About Ares Capital

Ares Capital Corporation (NASDAQ: ARCC) is a publicly traded business development company (BDC) that specializes in providing debt and equity financing solutions to U.S. middle-market companies. As a BDC, Ares Capital offers investors access to a diversified portfolio of tailored credit investments, including senior secured loans, unitranche financing, mezzanine debt and equity co-investments. The firm’s flexible capital structures are designed to support companies seeking growth capital, refinancing or strategic acquisitions.

Through its credit platform, Ares Capital focuses on originations, underwriting and portfolio management across a range of industries, with a particular emphasis on sectors such as healthcare, technology, industrials and business services.