Onyx Bridge Wealth Group LLC Buys 1,739 Shares of Ares Capital Co. (NASDAQ:ARCC)

Onyx Bridge Wealth Group LLC lifted its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,348 shares of the investment management company’s stock after purchasing an additional 1,739 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Ares Capital were worth $993,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ARCC. Van ECK Associates Corp increased its holdings in shares of Ares Capital by 8.3% during the third quarter. Van ECK Associates Corp now owns 12,656,154 shares of the investment management company’s stock worth $272,107,000 after buying an additional 975,045 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of Ares Capital by 1.7% during the third quarter. Confluence Investment Management LLC now owns 3,836,573 shares of the investment management company’s stock valued at $80,338,000 after purchasing an additional 63,999 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Ares Capital by 2,104.7% during the third quarter. International Assets Investment Management LLC now owns 3,613,285 shares of the investment management company’s stock worth $756,620,000 after purchasing an additional 3,449,395 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Ares Capital by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 3,387,097 shares of the investment management company’s stock valued at $70,926,000 after buying an additional 104,710 shares during the period. Finally, Sound Income Strategies LLC boosted its position in Ares Capital by 4.4% during the 4th quarter. Sound Income Strategies LLC now owns 2,314,269 shares of the investment management company’s stock worth $50,659,000 after buying an additional 96,992 shares during the period. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on ARCC shares. B. Riley upped their price target on shares of Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on Ares Capital from $23.00 to $24.50 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company upped their price target on Ares Capital from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Ares Capital presently has a consensus rating of “Moderate Buy” and an average target price of $22.79.

Ares Capital Trading Down 3.0 %

NASDAQ:ARCC opened at $23.10 on Thursday. Ares Capital Co. has a 12 month low of $19.32 and a 12 month high of $23.84. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 8.88 and a beta of 1.01. The firm has a fifty day simple moving average of $22.37 and a two-hundred day simple moving average of $21.51.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings results on Wednesday, February 5th. The investment management company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. Analysts expect that Ares Capital Co. will post 2.36 EPS for the current fiscal year.

Ares Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 8.31%. Ares Capital’s dividend payout ratio (DPR) is presently 73.85%.

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.