Sargent Investment Group LLC Has $5.83 Million Stock Holdings in Ares Capital Co. (NASDAQ:ARCC)

Sargent Investment Group LLC grew its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 263,555 shares of the investment management company’s stock after purchasing an additional 5,115 shares during the period. Ares Capital makes up 0.9% of Sargent Investment Group LLC’s investment portfolio, making the stock its 26th biggest holding. Sargent Investment Group LLC’s holdings in Ares Capital were worth $5,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its holdings in Ares Capital by 8.3% in the third quarter. Van ECK Associates Corp now owns 12,656,154 shares of the investment management company’s stock worth $272,107,000 after acquiring an additional 975,045 shares in the last quarter. Confluence Investment Management LLC lifted its holdings in shares of 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 worth $80,338,000 after purchasing an additional 63,999 shares in the last quarter. International Assets Investment Management LLC grew its position in Ares Capital by 2,104.7% in the 3rd 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 purchasing an additional 3,449,395 shares during the period. JPMorgan Chase & Co. increased its stake in Ares Capital by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,387,097 shares of the investment management company’s stock valued at $70,926,000 after purchasing an additional 104,710 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Ares Capital by 4.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,314,269 shares of the investment management company’s stock worth $50,659,000 after buying an additional 96,992 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

Ares Capital Trading Up 0.0 %

NASDAQ ARCC opened at $23.81 on Wednesday. The business’s fifty day moving average is $22.35 and its 200-day moving average is $21.49. 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 capitalization of $15.38 billion, a price-to-earnings ratio of 9.16 and a beta of 1.01. Ares Capital Co. has a one year low of $19.32 and a one year high of $23.84.

Wall Street Analyst Weigh In

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

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.