TFG Advisers LLC Boosts Stock Holdings in Ares Capital Co. (NASDAQ:ARCC)

TFG Advisers LLC increased its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 53.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,869 shares of the investment management company’s stock after purchasing an additional 14,320 shares during the period. TFG Advisers LLC’s holdings in Ares Capital were worth $856,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. raised its holdings in 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 purchasing an additional 475 shares in the last quarter. Asset Dedication LLC purchased a new position in Ares Capital during the second quarter worth about $26,000. Valley National Advisers Inc. raised its holdings in Ares Capital by 323.3% during the first quarter. Valley National Advisers Inc. now owns 1,435 shares of the investment management company’s stock worth $29,000 after purchasing an additional 1,096 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in Ares Capital in the second quarter valued at about $32,000. Finally, nVerses Capital LLC lifted its position in shares of Ares Capital by 88.9% during the 2nd quarter. nVerses Capital LLC now owns 1,700 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 800 shares during the period. 27.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARCC has been the subject of a number of research reports. Compass Point upgraded shares of Ares Capital to a “strong-buy” rating in a research report on Tuesday, July 30th. JMP Securities lifted their price target 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. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price target on shares of Ares Capital in a research report on Monday, August 5th. Finally, UBS Group upgraded shares of Ares Capital to a “hold” rating in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.71.

Ares Capital Trading Down 0.0 %

ARCC stock traded down $0.01 during midday trading on Wednesday, hitting $21.58. The stock had a trading volume of 260,405 shares, compared to its average volume of 3,381,435. The firm has a market cap of $13.26 billion, a PE ratio of 7.39 and a beta of 1.01. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.40 and a quick ratio of 1.40. Ares Capital Co. has a 12-month low of $18.59 and a 12-month high of $21.84. The company’s 50-day moving average price is $20.90 and its 200 day moving average price is $20.89.

Ares Capital (NASDAQ:ARCC) last released its earnings results on Tuesday, July 30th. The investment management company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $755.00 million during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $0.58 EPS. On average, equities research analysts predict that Ares Capital Co. will post 2.39 earnings per share for the current fiscal year.

Ares Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.48 per share. The ex-dividend date was Friday, September 13th. This represents a $1.92 annualized dividend and a dividend yield of 8.90%. Ares Capital’s dividend payout ratio is presently 65.75%.

Ares Capital Company Profile

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.