Ares Capital Co. (NASDAQ:ARCC) Shares Acquired by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC lifted its stake in Ares Capital Co. (NASDAQ:ARCC) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 74,185 shares of the investment management company’s stock after acquiring an additional 3,042 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Ares Capital were worth $1,648,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ARCC. Franklin Resources Inc. increased its stake in Ares Capital by 24.3% during the third quarter. Franklin Resources Inc. now owns 650,163 shares of the investment management company’s stock worth $13,900,000 after purchasing an additional 127,219 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Ares Capital by 4.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 885,406 shares of the investment management company’s stock worth $18,540,000 after buying an additional 38,559 shares in the last quarter. CCLA Investment Management raised its stake in shares of Ares Capital by 31.6% in the fourth quarter. CCLA Investment Management now owns 2,211,955 shares of the investment management company’s stock valued at $48,419,000 after acquiring an additional 531,305 shares in the last quarter. Romano Brothers AND Company boosted its holdings in Ares Capital by 11.2% in the fourth quarter. Romano Brothers AND Company now owns 354,237 shares of the investment management company’s stock valued at $7,754,000 after purchasing an additional 35,659 shares during the period. Finally, Confluence Investment Management LLC grew its stake in Ares Capital by 1.7% during the 3rd quarter. Confluence Investment Management LLC now owns 3,836,573 shares of the investment management company’s stock worth $80,338,000 after purchasing an additional 63,999 shares in the last quarter. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARCC has been the topic of a number of analyst reports. StockNews.com raised Ares Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. B. Riley lifted their price objective on shares of Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company raised Ares Capital from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Ares Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.29.

Ares Capital Stock Up 0.8 %

ARCC opened at $23.37 on Wednesday. Ares Capital Co. has a one year low of $19.32 and a one year high of $23.44. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $15.10 billion, a P/E ratio of 8.99 and a beta of 1.00. The business’s 50-day simple moving average is $22.01 and its 200-day simple moving average is $21.32.

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). The firm 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 company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the firm earned $0.59 EPS. Analysts anticipate that Ares Capital Co. will post 2.36 EPS for the current year.

Ares Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 8.22%. The ex-dividend date was Friday, December 13th. Ares Capital’s payout ratio is currently 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.