Ares Capital Co. (NASDAQ:ARCC) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC raised its position in Ares Capital Co. (NASDAQ:ARCC) by 13.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,383 shares of the investment management company’s stock after buying an additional 6,820 shares during the period. Parallel Advisors LLC’s holdings in Ares Capital were worth $1,256,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ARCC. Pathstone Holdings LLC boosted its holdings in shares of Ares Capital by 6.6% during the 3rd quarter. Pathstone Holdings LLC now owns 336,879 shares of the investment management company’s stock worth $7,054,000 after purchasing an additional 21,005 shares during the last quarter. BIP Wealth LLC boosted its holdings in shares of Ares Capital by 76.7% during the 3rd quarter. BIP Wealth LLC now owns 25,932 shares of the investment management company’s stock worth $543,000 after purchasing an additional 11,260 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in shares of Ares Capital by 35.6% during the 3rd quarter. Banque Cantonale Vaudoise now owns 266,903 shares of the investment management company’s stock worth $5,589,000 after purchasing an additional 70,000 shares during the last quarter. Hilton Capital Management LLC boosted its holdings in shares of Ares Capital by 2.3% during the 3rd quarter. Hilton Capital Management LLC now owns 357,173 shares of the investment management company’s stock worth $7,479,000 after purchasing an additional 8,012 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Ares Capital by 9.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 353,718 shares of the investment management company’s stock worth $7,407,000 after purchasing an additional 31,485 shares during the last quarter. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Ares Capital Stock Up 0.8 %

Shares of NASDAQ ARCC opened at $21.82 on Wednesday. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of 8.91 and a beta of 1.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.03. Ares Capital Co. has a 52-week low of $19.32 and a 52-week high of $23.84. The business’s 50 day moving average is $22.87 and its two-hundred day moving average is $21.92.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings data on Wednesday, February 5th. The investment management company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Ares Capital had a return on equity of 11.54% and a net margin of 50.90%. Research analysts predict that Ares Capital Co. will post 2.19 EPS for the current year.

Ares Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date is Friday, March 14th. Ares Capital’s dividend payout ratio is currently 78.37%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ARCC. JPMorgan Chase & Co. upped their price objective on Ares Capital from $23.00 to $24.50 and gave the company an “overweight” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods upped their price objective on Ares Capital from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Royal Bank of Canada upped their price objective on Ares Capital from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Raymond James cut Ares Capital from an “outperform” rating to a “market perform” rating in a report on Thursday, February 6th. Finally, StockNews.com cut Ares Capital from a “hold” rating to a “sell” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.94.

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.