Baltimore Washington Financial Advisors Inc. Purchases 18,143 Shares of Ares Capital Co. (NASDAQ:ARCC)

Baltimore Washington Financial Advisors Inc. raised its position in Ares Capital Co. (NASDAQ:ARCC) by 4.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 446,327 shares of the investment management company’s stock after acquiring an additional 18,143 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Ares Capital were worth $9,770,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Round Rock Advisors LLC acquired a new stake in Ares Capital in the fourth quarter valued at about $1,512,000. SG Americas Securities LLC acquired a new stake in Ares Capital in the fourth quarter valued at about $519,000. Chicago Partners Investment Group LLC boosted its stake in Ares Capital by 5.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 507,374 shares of the investment management company’s stock valued at $11,208,000 after buying an additional 25,347 shares in the last quarter. Franklin Resources Inc. boosted its stake in Ares Capital by 24.3% in the third quarter. Franklin Resources Inc. now owns 650,163 shares of the investment management company’s stock valued at $13,900,000 after buying an additional 127,219 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Ares Capital by 4.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 885,406 shares of the investment management company’s stock valued at $18,540,000 after buying an additional 38,559 shares in the last quarter. Institutional investors own 27.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ARCC. Wells Fargo & Company increased 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. StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. increased their target price on Ares Capital from $23.00 to $24.50 and gave the company an “overweight” rating in a research report on Monday. Finally, B. Riley increased their target price 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 given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ares Capital presently has an average rating of “Moderate Buy” and an average price target of $22.79.

Ares Capital Price Performance

Shares of ARCC opened at $23.80 on Tuesday. Ares Capital Co. has a 1 year low of $19.32 and a 1 year high of $23.84. 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 company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 9.15 and a beta of 1.00. The business has a 50-day moving average of $22.32 and a 200-day moving average of $21.47.

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.