Diversify Advisory Services LLC Takes $750,000 Position in Ares Capital Corporation $ARCC

Diversify Advisory Services LLC acquired a new position in Ares Capital Corporation (NASDAQ:ARCC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 39,707 shares of the investment management company’s stock, valued at approximately $750,000.

A number of other institutional investors also recently bought and sold shares of the stock. Roman Butler Fullerton & Co. grew its holdings in Ares Capital by 1.9% during the first quarter. Roman Butler Fullerton & Co. now owns 27,713 shares of the investment management company’s stock valued at $504,000 after purchasing an additional 528 shares during the period. First Citizens Bank & Trust Co. lifted its position in shares of Ares Capital by 5.3% during the 4th quarter. First Citizens Bank & Trust Co. now owns 10,530 shares of the investment management company’s stock valued at $213,000 after buying an additional 532 shares in the last quarter. CWS Financial Advisors LLC grew its stake in shares of Ares Capital by 4.0% during the 1st quarter. CWS Financial Advisors LLC now owns 14,956 shares of the investment management company’s stock valued at $270,000 after acquiring an additional 582 shares during the period. Astoria Portfolio Advisors LLC. grew its stake in shares of Ares Capital by 5.9% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 10,616 shares of the investment management company’s stock valued at $202,000 after acquiring an additional 592 shares during the period. Finally, Founders Financial Alliance LLC increased its holdings in Ares Capital by 1.8% in the 4th quarter. Founders Financial Alliance LLC now owns 34,362 shares of the investment management company’s stock worth $695,000 after acquiring an additional 620 shares in the last quarter. 27.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ARCC has been the subject of a number of analyst reports. B. Riley Financial reduced their price objective on shares of Ares Capital from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Capital in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods dropped their target price on shares of Ares Capital from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Royal Bank Of Canada cut their price target on Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Finally, Wall Street Zen cut Ares Capital from a “hold” rating to a “sell” rating in a report on Sunday, August 2nd. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.40.

Ares Capital Price Performance

Ares Capital stock opened at $19.78 on Friday. Ares Capital Corporation has a 52-week low of $17.40 and a 52-week high of $22.53. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.14. The firm’s fifty day moving average is $18.92 and its 200 day moving average is $18.81. The company has a market cap of $14.20 billion, a price-to-earnings ratio of 14.65 and a beta of 0.56.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Wednesday, July 29th. The investment management company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Ares Capital had a net margin of 30.91% and a return on equity of 9.80%. The business had revenue of $768.00 million during the quarter, compared to analysts’ expectations of $770.19 million. During the same period last year, the company posted $0.50 EPS. Sell-side analysts forecast that Ares Capital Corporation will post 1.91 EPS for the current fiscal year.

Ares Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.48 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.92 annualized dividend and a yield of 9.7%. Ares Capital’s dividend payout ratio (DPR) is currently 142.22%.

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.