U.S. Capital Wealth Advisors LLC Boosts Position in Ares Capital Co. (NASDAQ:ARCC)

U.S. Capital Wealth Advisors LLC raised its stake in Ares Capital Co. (NASDAQ:ARCC) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,084 shares of the investment management company’s stock after purchasing an additional 7,900 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Ares Capital were worth $3,263,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC grew its stake in Ares Capital by 2,104.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,613,285 shares of the investment management company’s stock worth $756,620,000 after buying an additional 3,449,395 shares during the last quarter. Van ECK Associates Corp raised its position in Ares Capital by 8.3% in the 3rd quarter. Van ECK Associates Corp now owns 12,656,154 shares of the investment management company’s stock valued at $272,107,000 after purchasing an additional 975,045 shares during the last quarter. CCLA Investment Management boosted its stake in Ares Capital by 31.6% during the 4th quarter. CCLA Investment Management now owns 2,211,955 shares of the investment management company’s stock worth $48,419,000 after purchasing an additional 531,305 shares during the period. Partners Group Holding AG increased its stake in Ares Capital by 21.2% in the third quarter. Partners Group Holding AG now owns 1,787,401 shares of the investment management company’s stock valued at $37,428,000 after purchasing an additional 312,255 shares during the period. Finally, Financial Management Network Inc. purchased a new stake in shares of Ares Capital in the third quarter valued at about $4,018,000. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Ares Capital Stock Performance

Shares of ARCC opened at $23.67 on Monday. 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 Co. has a 52-week low of $19.32 and a 52-week high of $23.74. The company has a 50-day simple moving average of $22.28 and a 200-day simple moving average of $21.45. The company has a market capitalization of $15.29 billion, a PE ratio of 9.10 and a beta of 1.00.

Analyst Ratings Changes

ARCC has been the subject of a number of recent research reports. B. Riley increased their price objective on Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. StockNews.com upgraded shares of Ares Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company upped their price objective on shares of Ares Capital from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Ares Capital presently has an average rating of “Moderate Buy” and a consensus price target of $22.43.

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.