Golden State Equity Partners Buys 9,433 Shares of Ares Capital Co. (NASDAQ:ARCC)

Golden State Equity Partners lifted its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 1,835.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,947 shares of the investment management company’s stock after acquiring an additional 9,433 shares during the period. Golden State Equity Partners’ holdings in Ares Capital were worth $218,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Cyndeo Wealth Partners LLC boosted its holdings in Ares Capital by 2.3% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 19,148 shares of the investment management company’s stock worth $419,000 after purchasing an additional 430 shares during the last quarter. JBR Co Financial Management Inc boosted its holdings in Ares Capital by 1.5% during the third quarter. JBR Co Financial Management Inc now owns 33,047 shares of the investment management company’s stock worth $692,000 after purchasing an additional 500 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its holdings in Ares Capital by 1.2% during the third quarter. Onyx Bridge Wealth Group LLC now owns 43,609 shares of the investment management company’s stock worth $913,000 after purchasing an additional 531 shares during the last quarter. Western Financial Corp CA boosted its holdings in Ares Capital by 2.2% during the fourth quarter. Western Financial Corp CA now owns 26,387 shares of the investment management company’s stock worth $578,000 after purchasing an additional 564 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its holdings in Ares Capital by 1.6% during the fourth quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company’s stock worth $812,000 after purchasing an additional 567 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

Ares Capital Stock Performance

NASDAQ ARCC opened at $23.81 on Wednesday. The firm has a 50-day moving average of $22.35 and a 200-day moving average of $21.49. 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 cap of $15.38 billion, a PE ratio of 9.16 and a beta of 1.01. Ares Capital Co. has a 52-week low of $19.32 and a 52-week high of $23.84.

Analyst Ratings Changes

Several research analysts recently commented on ARCC shares. B. Riley increased their target price on shares of Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Wells Fargo & Company increased their price target on shares of Ares Capital from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Ares Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of Ares Capital from $23.00 to $24.50 and gave the company an “overweight” rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.79.

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.