Ares Capital Co. (NASDAQ:ARCC) Stock Position Increased by Bruni J V & Co. Co.

Bruni J V & Co. Co. increased its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 0.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,398,203 shares of the investment management company’s stock after acquiring an additional 6,001 shares during the quarter. Ares Capital accounts for approximately 3.5% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 15th largest position. Bruni J V & Co. Co.’s holdings in Ares Capital were worth $28,006,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valeo Financial Advisors LLC raised its holdings in shares of Ares Capital by 95.8% in the 3rd quarter. Valeo Financial Advisors LLC now owns 24,009 shares of the investment management company’s stock worth $467,000 after purchasing an additional 11,750 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Ares Capital by 7.3% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 32,987 shares of the investment management company’s stock valued at $642,000 after acquiring an additional 2,238 shares during the last quarter. My Legacy Advisors LLC grew its holdings in shares of Ares Capital by 4.3% in the 3rd quarter. My Legacy Advisors LLC now owns 56,462 shares of the investment management company’s stock worth $1,068,000 after acquiring an additional 2,340 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new stake in shares of Ares Capital during the third quarter worth $25,000. Finally, All Season Financial Advisors Inc. lifted its holdings in shares of Ares Capital by 5.0% during the third quarter. All Season Financial Advisors Inc. now owns 33,563 shares of the investment management company’s stock valued at $653,000 after purchasing an additional 1,608 shares during the last quarter. 27.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ARCC has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Ares Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. JMP Securities restated a “market outperform” rating and issued a $21.00 target price on shares of Ares Capital in a report on Tuesday, March 26th. Finally, B. Riley lowered Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Monday, January 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Ares Capital presently has an average rating of “Hold” and an average price target of $20.80.

Ares Capital Stock Up 0.7 %

ARCC stock traded up $0.15 during mid-day trading on Friday, hitting $20.78. The stock had a trading volume of 2,640,447 shares, compared to its average volume of 2,468,332. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 7.78 and a beta of 1.00. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.06. Ares Capital Co. has a 1-year low of $17.53 and a 1-year high of $20.86. The company has a fifty day moving average of $20.36 and a 200 day moving average of $20.02.

Ares Capital (NASDAQ:ARCC) last released its quarterly earnings results on Wednesday, February 7th. The investment management company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $707.00 million for the quarter, compared to the consensus estimate of $669.78 million. Ares Capital had a net margin of 58.22% and a return on equity of 12.50%. Ares Capital’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. On average, equities analysts expect that Ares Capital Co. will post 2.35 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 annualized dividend and a yield of 9.24%. Ares Capital’s dividend payout ratio (DPR) is currently 71.91%.

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.