Beverly Hills Private Wealth LLC Makes New Investment in Ares Capital Corporation $ARCC

Beverly Hills Private Wealth LLC purchased a new stake in Ares Capital Corporation (NASDAQ:ARCC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 45,111 shares of the investment management company’s stock, valued at approximately $836,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strs Ohio purchased a new position in shares of Ares Capital during the 1st quarter worth about $189,210,000. UBS Group AG increased its position in Ares Capital by 41.8% during the fourth quarter. UBS Group AG now owns 11,201,905 shares of the investment management company’s stock worth $226,615,000 after purchasing an additional 3,301,890 shares during the last quarter. Marshall Wace LLP acquired a new position in Ares Capital during the third quarter worth approximately $36,943,000. Altshuler Shaham Ltd purchased a new position in Ares Capital during the fourth quarter worth approximately $33,380,000. Finally, Michael & Susan Dell Foundation purchased a new position in Ares Capital during the fourth quarter worth approximately $26,089,000. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ARCC shares. Oppenheimer decreased their price target on shares of Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen lowered Ares Capital from a “hold” rating to a “sell” rating in a research report on Sunday, August 2nd. B. Riley Financial reduced their target price on Ares Capital from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Wells Fargo & Company reissued an “equal weight” rating and set a $19.00 price target (down from $20.00) on shares of Ares Capital in a research report on Friday, June 12th. Finally, Royal Bank Of Canada dropped 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. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Ares Capital currently has an average rating of “Moderate Buy” and an average target price of $20.40.

Ares Capital Price Performance

ARCC opened at $19.87 on Monday. Ares Capital Corporation has a 52-week low of $17.40 and a 52-week high of $22.76. The company has a 50 day moving average of $18.86 and a two-hundred day moving average of $18.82. The company has a market cap of $14.27 billion, a P/E ratio of 14.72 and a beta of 0.56. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.14.

Ares Capital (NASDAQ:ARCC) last issued its earnings results on Wednesday, July 29th. The investment management company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $768.00 million for the quarter, compared to the consensus estimate of $770.19 million. Ares Capital had a net margin of 30.91% and a return on equity of 9.80%. During the same quarter last year, the firm posted $0.50 EPS. On average, analysts expect that Ares Capital Corporation will post 1.91 earnings per share for the current year.

Ares Capital Dividend Announcement

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 issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.7%. The ex-dividend date is Tuesday, September 15th. Ares Capital’s dividend payout ratio is currently 142.22%.

Ares Capital Company 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.