Magnolia Capital Advisors LLC Grows Stake in Ares Capital Co. (NASDAQ:ARCC)

Magnolia Capital Advisors LLC boosted its position in Ares Capital Co. (NASDAQ:ARCC) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 83,021 shares of the investment management company’s stock after buying an additional 2,767 shares during the period. Ares Capital accounts for about 0.9% of Magnolia Capital Advisors LLC’s holdings, making the stock its 22nd largest holding. Magnolia Capital Advisors LLC’s holdings in Ares Capital were worth $1,817,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Western Pacific Wealth Management LP increased its position in Ares Capital by 11.8% during the fourth quarter. Western Pacific Wealth Management LP now owns 13,314 shares of the investment management company’s stock worth $291,000 after buying an additional 1,410 shares in the last quarter. Round Rock Advisors LLC acquired a new stake in shares of Ares Capital during the fourth quarter worth $1,512,000. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Ares Capital by 5.6% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 149,084 shares of the investment management company’s stock worth $3,263,000 after purchasing an additional 7,900 shares during the last quarter. Golden State Equity Partners boosted its holdings in shares of Ares Capital by 1,835.2% during the fourth quarter. Golden State Equity Partners now owns 9,947 shares of the investment management company’s stock worth $218,000 after purchasing an additional 9,433 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in Ares Capital by 1.7% in the fourth quarter. Spire Wealth Management now owns 74,475 shares of the investment management company’s stock valued at $1,630,000 after acquiring an additional 1,263 shares during the last quarter. 27.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ARCC has been the topic of a number of recent research reports. StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. 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 note on Thursday, October 31st. Finally, Wells Fargo & Company increased their price target on Ares Capital from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.43.

Ares Capital Trading Up 1.1 %

Shares of NASDAQ:ARCC opened at $23.67 on Monday. The company has a market cap of $15.29 billion, a P/E ratio of 9.10 and a beta of 1.00. The stock’s 50-day moving average is $22.28 and its 200-day moving average is $21.45. Ares Capital Co. has a 52-week low of $19.32 and a 52-week high of $23.74. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29.

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.