Ares Capital Co. (NASDAQ:ARCC) Shares Acquired by BBR Partners LLC

BBR Partners LLC increased its holdings in shares of Ares Capital Co. (NASDAQ:ARCC) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,181 shares of the investment management company’s stock after purchasing an additional 1,006 shares during the period. BBR Partners LLC’s holdings in Ares Capital were worth $3,255,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. boosted its stake in shares of Ares Capital by 62.7% during the second quarter. Jamison Private Wealth Management Inc. now owns 1,233 shares of the investment management company’s stock worth $26,000 after buying an additional 475 shares during the period. Capital Investment Advisors LLC lifted its position in Ares Capital by 1.6% during the 2nd quarter. Capital Investment Advisors LLC now owns 32,691 shares of the investment management company’s stock worth $681,000 after acquiring an additional 499 shares during the period. Lewis Asset Management LLC lifted its position in Ares Capital by 2.1% during the 1st quarter. Lewis Asset Management LLC now owns 24,805 shares of the investment management company’s stock worth $516,000 after acquiring an additional 500 shares during the period. Chapin Davis Inc. increased its holdings in shares of Ares Capital by 2.2% in the first quarter. Chapin Davis Inc. now owns 22,966 shares of the investment management company’s stock valued at $478,000 after purchasing an additional 501 shares during the period. Finally, Lincoln National Corp raised its stake in shares of Ares Capital by 3.0% during the fourth quarter. Lincoln National Corp now owns 17,665 shares of the investment management company’s stock worth $354,000 after purchasing an additional 520 shares during the last quarter. 27.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price objective on shares of Ares Capital in a research report on Monday, August 5th. UBS Group raised shares of Ares Capital to a “hold” rating in a report on Friday, August 23rd. Compass Point upgraded shares of Ares Capital to a “strong-buy” rating in a research note on Tuesday, July 30th. Finally, JMP Securities raised their price objective on shares of Ares Capital from $21.00 to $22.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.71.

Ares Capital Stock Down 0.3 %

Shares of NASDAQ ARCC opened at $20.86 on Friday. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 7.14 and a beta of 1.01. Ares Capital Co. has a 52 week low of $18.55 and a 52 week high of $21.84. The firm has a 50-day moving average price of $20.85 and a 200 day moving average price of $20.75. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.05.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings results on Tuesday, July 30th. The investment management company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $755.00 million during the quarter, compared to the consensus estimate of $714.27 million. Ares Capital had a net margin of 59.76% and a return on equity of 12.24%. During the same period last year, the firm earned $0.58 EPS. Equities research analysts anticipate that Ares Capital Co. will post 2.38 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.92 dividend on an annualized basis and a yield of 9.20%. Ares Capital’s payout ratio is 65.75%.

About Ares Capital

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.