Sigma Planning Corp Has $3.24 Million Stock Holdings in Ares Capital Co. (NASDAQ:ARCC)

Sigma Planning Corp increased its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,991 shares of the investment management company’s stock after acquiring an additional 5,033 shares during the period. Sigma Planning Corp’s holdings in Ares Capital were worth $3,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ARCC. Cyndeo Wealth Partners LLC raised its stake in shares of 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 valued at $419,000 after acquiring an additional 430 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of Ares Capital by 0.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 56,182 shares of the investment management company’s stock valued at $1,230,000 after acquiring an additional 512 shares during the last quarter. Western Financial Corp CA raised its stake in shares of 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 valued at $578,000 after acquiring an additional 564 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in shares of 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 valued at $812,000 after acquiring an additional 567 shares during the last quarter. Finally, Tyche Wealth Partners LLC raised its stake in shares of Ares Capital by 3.6% during the fourth quarter. Tyche Wealth Partners LLC now owns 16,455 shares of the investment management company’s stock valued at $360,000 after acquiring an additional 578 shares during the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Analyst Ratings Changes

ARCC has been the subject of several analyst reports. Raymond James downgraded shares of Ares Capital from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 6th. StockNews.com cut shares of Ares Capital from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on shares of Ares Capital from $23.00 to $24.50 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. B. Riley increased 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 decreased their price objective on shares of Ares Capital from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Ares Capital presently has an average rating of “Moderate Buy” and an average target price of $22.94.

Ares Capital Trading Down 0.4 %

NASDAQ:ARCC opened at $23.30 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $15.64 billion, a price-to-earnings ratio of 9.51 and a beta of 1.01. The firm has a fifty day simple moving average of $22.61 and a two-hundred day simple moving average of $21.70. Ares Capital Co. has a 12 month low of $19.32 and a 12 month high of $23.84.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings results on Wednesday, February 5th. The investment management company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Ares Capital had a return on equity of 11.54% and a net margin of 50.90%. Analysts expect that Ares Capital Co. will post 2.19 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date is Friday, March 14th. Ares Capital’s dividend payout ratio is currently 78.37%.

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.