JBR Co Financial Management Inc Increases Stock Holdings in Ares Capital Co. (NASDAQ:ARCC)

JBR Co Financial Management Inc boosted its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 1.5% in the third quarter, HoldingsChannel.com reports. The fund owned 33,047 shares of the investment management company’s stock after purchasing an additional 500 shares during the period. JBR Co Financial Management Inc’s holdings in Ares Capital were worth $692,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ARCC. Jamison Private Wealth Management Inc. boosted its stake in Ares Capital by 62.7% during the 2nd 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 during the last quarter. Capital Investment Advisors LLC lifted its stake in Ares Capital by 1.6% in the 2nd quarter. Capital Investment Advisors LLC now owns 32,691 shares of the investment management company’s stock worth $681,000 after purchasing an additional 499 shares in the last quarter. Lewis Asset Management LLC grew its position in shares of Ares Capital by 2.1% in the first quarter. Lewis Asset Management LLC now owns 24,805 shares of the investment management company’s stock valued at $516,000 after purchasing an additional 500 shares in the last quarter. 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 last quarter. Finally, Centaurus Financial Inc. boosted its stake in Ares Capital by 3.9% during the second quarter. Centaurus Financial Inc. now owns 14,428 shares of the investment management company’s stock worth $301,000 after buying an additional 542 shares during the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Trading Up 0.9 %

NASDAQ ARCC traded up $0.19 during trading on Friday, hitting $21.32. The stock had a trading volume of 2,873,622 shares, compared to its average volume of 3,434,598. The company has a market capitalization of $13.44 billion, a PE ratio of 7.48 and a beta of 1.01. Ares Capital Co. has a twelve month low of $18.55 and a twelve month high of $21.84. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.05. The firm has a 50 day moving average price of $20.74 and a 200 day moving average price of $20.84.

Ares Capital (NASDAQ:ARCC) last released its earnings results on Tuesday, July 30th. The investment management company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $755.00 million for the quarter, compared to analyst estimates 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 prior year, the business earned $0.58 EPS. As a group, equities research analysts forecast that Ares Capital Co. will post 2.39 earnings per share for the current year.

Ares Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.48 per share. The ex-dividend date was Friday, September 13th. This represents a $1.92 annualized dividend and a yield of 9.01%. Ares Capital’s dividend payout ratio (DPR) is 67.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group raised shares of Ares Capital to a “hold” rating in a research note on Friday, August 23rd. JMP Securities upped their price objective on Ares Capital from $21.00 to $22.00 and gave the company a “market outperform” rating in a report on Tuesday, July 30th. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 target price on shares of Ares Capital in a research note on Monday, August 5th. Finally, Compass Point upgraded shares of Ares Capital to a “strong-buy” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.71.

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.