45,180 Shares in Ares Capital Corporation $ARCC Acquired by Havemeyer Place LP

Havemeyer Place LP purchased a new position in shares of Ares Capital Corporation (NASDAQ:ARCC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 45,180 shares of the investment management company’s stock, valued at approximately $914,000.

A number of other large investors have also bought and sold shares of ARCC. SWAN Capital LLC bought a new stake in Ares Capital during the 3rd quarter worth approximately $27,000. Core Wealth Advisors LLC bought a new stake in Ares Capital during the 4th quarter worth approximately $33,000. Quarry LP bought a new stake in Ares Capital during the 3rd quarter worth approximately $33,000. Ameriflex Group Inc. grew its position in Ares Capital by 201.0% during the 3rd quarter. Ameriflex Group Inc. now owns 1,764 shares of the investment management company’s stock worth $36,000 after acquiring an additional 1,178 shares during the last quarter. Finally, WFA of San Diego LLC bought a new stake in Ares Capital during the 2nd quarter worth approximately $36,000. 27.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ARCC shares. Oppenheimer decreased their price target on Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Royal Bank Of Canada decreased their price target on Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods decreased their price target on Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. JPMorgan Chase & Co. decreased their price objective on Ares Capital from $22.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, Citizens Jmp decreased their price objective on Ares Capital from $23.00 to $22.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ares Capital currently has a consensus rating of “Moderate Buy” and an average target price of $20.75.

Ares Capital Price Performance

Shares of ARCC opened at $18.79 on Monday. The firm has a market capitalization of $13.49 billion, a price-to-earnings ratio of 11.53 and a beta of 0.56. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.40 and a current ratio of 1.40. The business’s fifty day moving average price is $18.63 and its two-hundred day moving average price is $19.39. Ares Capital Corporation has a 52 week low of $17.40 and a 52 week high of $23.42.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings data on Tuesday, April 28th. The investment management company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $763.00 million during the quarter, compared to the consensus estimate of $778.00 million. Ares Capital had a net margin of 37.30% and a return on equity of 9.85%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share. On average, analysts predict that Ares Capital Corporation will post 1.91 earnings per share for the current year.

Ares Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date is Monday, June 15th. Ares Capital’s dividend payout ratio (DPR) is presently 117.79%.

Ares Capital Profile

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.