Ares Capital Co. (NASDAQ:ARCC) is Gilbert & Cook Inc.’s 7th Largest Position

Gilbert & Cook Inc. grew its holdings in Ares Capital Co. (NASDAQ:ARCC) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,567,270 shares of the investment management company’s stock after purchasing an additional 52,682 shares during the quarter. Ares Capital comprises approximately 4.8% of Gilbert & Cook Inc.’s portfolio, making the stock its 7th largest holding. Gilbert & Cook Inc. owned approximately 0.24% of Ares Capital worth $34,308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ARCC. Cyndeo Wealth Partners LLC boosted its holdings in Ares Capital by 2.3% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 19,148 shares of the investment management company’s stock valued at $419,000 after purchasing an additional 430 shares during the last quarter. JBR Co Financial Management Inc raised its position in shares of Ares Capital by 1.5% during the 3rd quarter. JBR Co Financial Management Inc now owns 33,047 shares of the investment management company’s stock valued at $692,000 after buying an additional 500 shares during the period. Onyx Bridge Wealth Group LLC lifted its holdings in Ares Capital by 1.2% in the third quarter. Onyx Bridge Wealth Group LLC now owns 43,609 shares of the investment management company’s stock valued at $913,000 after acquiring an additional 531 shares during the last quarter. Centaurus Financial Inc. raised its position in Ares Capital by 3.9% in the second quarter. Centaurus Financial Inc. now owns 14,428 shares of the investment management company’s stock valued at $301,000 after purchasing an additional 542 shares during the period. Finally, Koshinski Asset Management Inc. lifted its stake in shares of Ares Capital by 1.6% in the 4th quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company’s stock valued at $812,000 after purchasing an additional 567 shares during the last quarter. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Ares Capital from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Wednesday. B. Riley boosted their price target on shares of Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, StockNews.com raised shares of Ares Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Ares Capital has a consensus rating of “Moderate Buy” and a consensus target price of $22.43.

Ares Capital Stock Performance

NASDAQ:ARCC opened at $23.32 on Thursday. Ares Capital Co. has a 52 week low of $19.32 and a 52 week high of $23.56. The company has a fifty day simple moving average of $22.21 and a two-hundred day simple moving average of $21.41. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. The company has a market cap of $15.07 billion, a price-to-earnings ratio of 8.98 and a beta of 1.00.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings results on Wednesday, October 30th. The investment management company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01). The company had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $770.45 million. Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. Ares Capital’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 EPS. As a group, equities analysts anticipate that Ares Capital Co. will post 2.36 earnings per share for the current fiscal year.

Ares Capital 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.