Ares Capital Co. (NASDAQ:ARCC) Stock Position Raised by Stonebridge Financial Planning Group LLC

Stonebridge Financial Planning Group LLC increased its holdings in shares of Ares Capital Co. (NASDAQ:ARCC) by 2.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,775 shares of the investment management company’s stock after buying an additional 2,070 shares during the quarter. Stonebridge Financial Planning Group LLC’s holdings in Ares Capital were worth $1,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Van ECK Associates Corp raised its holdings in shares of Ares Capital by 8.3% during the 3rd quarter. Van ECK Associates Corp now owns 12,656,154 shares of the investment management company’s stock valued at $272,107,000 after purchasing an additional 975,045 shares in the last quarter. Confluence Investment Management LLC grew its holdings in Ares Capital by 1.7% in the 3rd quarter. Confluence Investment Management LLC now owns 3,836,573 shares of the investment management company’s stock valued at $80,338,000 after buying an additional 63,999 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Ares Capital by 2,104.7% in the third quarter. International Assets Investment Management LLC now owns 3,613,285 shares of the investment management company’s stock valued at $756,620,000 after acquiring an additional 3,449,395 shares during the period. LPL Financial LLC grew its stake in shares of Ares Capital by 8.5% in the second quarter. LPL Financial LLC now owns 3,492,247 shares of the investment management company’s stock worth $72,778,000 after acquiring an additional 273,025 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in Ares Capital by 3.7% during the 3rd quarter. Sound Income Strategies LLC now owns 2,217,277 shares of the investment management company’s stock valued at $46,430,000 after purchasing an additional 79,074 shares during the last quarter. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Ares Capital Price Performance

Shares of ARCC stock traded down $0.05 on Wednesday, hitting $21.78. 300,535 shares of the company’s stock were exchanged, compared to its average volume of 3,377,204. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $14.07 billion, a P/E ratio of 8.40 and a beta of 1.01. Ares Capital Co. has a 12 month low of $19.32 and a 12 month high of $22.05. The company has a 50 day moving average of $21.14 and a 200 day moving average of $21.02.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings data 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). The company had revenue of $755.00 million for the quarter, compared to analyst estimates of $770.45 million. Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. On average, equities research analysts predict that Ares Capital Co. will post 2.36 EPS for the current year.

Ares Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 8.82%. The ex-dividend date is Friday, December 13th. Ares Capital’s dividend payout ratio is currently 73.85%.

Analyst Ratings Changes

ARCC has been the subject of several recent research reports. Compass Point raised Ares Capital to a “strong-buy” rating in a report on Tuesday, July 30th. StockNews.com raised shares of Ares Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price target on shares of Ares Capital in a report on Monday, August 5th. JMP Securities lifted their price objective on Ares Capital from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 30th. Finally, B. Riley boosted their target price on Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.86.

About Ares Capital

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.