Ares Capital Co. (NASDAQ:ARCC) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. lowered its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,900 shares of the investment management company’s stock after selling 3,600 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Ares Capital were worth $808,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JBR Co Financial Management Inc boosted its stake in Ares Capital by 1.5% during the 3rd quarter. JBR Co Financial Management Inc now owns 33,047 shares of the investment management company’s stock valued at $692,000 after purchasing an additional 500 shares in the last quarter. Onyx Bridge Wealth Group LLC boosted its stake in Ares Capital by 1.2% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 43,609 shares of the investment management company’s stock valued at $913,000 after purchasing an additional 531 shares in the last quarter. Centaurus Financial Inc. boosted its stake in Ares Capital by 3.9% during the 2nd quarter. Centaurus Financial Inc. now owns 14,428 shares of the investment management company’s stock valued at $301,000 after purchasing an additional 542 shares in the last quarter. Western Financial Corp CA boosted its stake in Ares Capital by 2.3% during the 3rd quarter. Western Financial Corp CA now owns 25,823 shares of the investment management company’s stock valued at $541,000 after purchasing an additional 579 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Ares Capital by 6.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,842 shares of the investment management company’s stock valued at $227,000 after purchasing an additional 629 shares in the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wells Fargo & Company raised Ares Capital from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. B. Riley increased their price objective on Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Three 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. According to MarketBeat, Ares Capital currently has an average rating of “Moderate Buy” and an average price target of $22.29.

Ares Capital Price Performance

ARCC opened at $21.98 on Friday. The stock has a fifty day moving average of $21.78 and a 200-day moving average of $21.21. The firm has a market capitalization of $14.20 billion, a P/E ratio of 8.45 and a beta of 1.00. Ares Capital Co. has a 12-month low of $19.32 and a 12-month high of $22.43. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06.

Ares Capital (NASDAQ:ARCC) last released its earnings results on Wednesday, October 30th. The investment management company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The business had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $770.45 million. Ares Capital had a net margin of 53.71% and a return on equity of 12.06%. Ares Capital’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 EPS. Equities analysts forecast that Ares Capital Co. will post 2.36 EPS for the current fiscal year.

Ares Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.74%. Ares Capital’s payout ratio is currently 73.85%.

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.