9,541 Shares in Ares Capital Co. (NASDAQ:ARCC) Purchased by Evanson Asset Management LLC

Evanson Asset Management LLC bought a new position in Ares Capital Co. (NASDAQ:ARCC) in the fourth quarter, HoldingsChannel reports. The firm bought 9,541 shares of the investment management company’s stock, valued at approximately $209,000.

Several other large investors have also recently modified their holdings of ARCC. Horizon Financial Services LLC bought a new position in Ares Capital during the third quarter valued at $28,000. Blue Trust Inc. grew its holdings in Ares Capital by 56.8% during the 3rd quarter. Blue Trust Inc. now owns 2,510 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 909 shares during the last quarter. Quarry LP bought a new stake in Ares Capital in the third quarter worth about $67,000. Centennial Bank AR purchased a new stake in Ares Capital in the third quarter worth $102,000. Finally, FSC Wealth Advisors LLC lifted its position in shares of Ares Capital by 562.5% during the third quarter. FSC Wealth Advisors LLC now owns 5,300 shares of the investment management company’s stock worth $111,000 after purchasing an additional 4,500 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company raised shares of Ares Capital from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. B. Riley boosted their price target on Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.29.

Ares Capital Trading Up 0.8 %

Shares of NASDAQ:ARCC opened at $23.18 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $14.98 billion, a PE ratio of 8.92 and a beta of 1.00. Ares Capital Co. has a 12-month low of $19.32 and a 12-month high of $23.22. The business’s fifty day simple moving average is $21.97 and its 200-day simple moving average is $21.31.

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

Ares Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a $0.48 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.28%. Ares Capital’s payout ratio is 73.85%.

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.