Values Added Financial LLC Acquires 14,780 Shares of Ares Capital Co. (NASDAQ:ARCC)

Values Added Financial LLC raised its holdings in shares of Ares Capital Co. (NASDAQ:ARCC) by 112.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,980 shares of the investment management company’s stock after buying an additional 14,780 shares during the quarter. Values Added Financial LLC’s holdings in Ares Capital were worth $612,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC lifted its holdings in shares of Ares Capital by 2.3% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 19,148 shares of the investment management company’s stock worth $419,000 after acquiring an additional 430 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its stake in Ares Capital by 1.2% during the third quarter. Onyx Bridge Wealth Group LLC now owns 43,609 shares of the investment management company’s stock worth $913,000 after purchasing an additional 531 shares during the last quarter. Western Financial Corp CA boosted its holdings in shares of Ares Capital by 2.2% in the 4th quarter. Western Financial Corp CA now owns 26,387 shares of the investment management company’s stock worth $578,000 after purchasing an additional 564 shares in the last quarter. Koshinski Asset Management Inc. increased its position in shares of Ares Capital by 1.6% during the 4th quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company’s stock valued at $812,000 after purchasing an additional 567 shares during the last quarter. Finally, Tyche Wealth Partners LLC raised its holdings in shares of Ares Capital by 3.6% during the 4th quarter. Tyche Wealth Partners LLC now owns 16,455 shares of the investment management company’s stock valued at $360,000 after buying an additional 578 shares in the last quarter. 27.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ARCC has been the subject of several research reports. Keefe, Bruyette & Woods upped their target price on Ares Capital from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their target price on shares of Ares Capital from $23.00 to $24.50 and gave the company an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada boosted their price target on shares of Ares Capital from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. StockNews.com cut Ares Capital from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, B. Riley boosted their target price on Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.94.

Ares Capital Stock Performance

Ares Capital stock opened at $23.08 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.29 and a debt-to-equity ratio of 1.03. The firm has a market cap of $15.50 billion, a P/E ratio of 9.42 and a beta of 1.01. Ares Capital Co. has a 1-year low of $19.32 and a 1-year high of $23.84. The firm has a 50-day moving average of $22.46 and a 200-day moving average of $21.58.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data 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 11.54% and a net margin of 50.90%. Sell-side analysts expect that Ares Capital Co. will post 2.2 EPS for the current year.

Ares Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.48 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.92 annualized dividend and a yield of 8.32%. Ares Capital’s dividend payout ratio (DPR) is presently 78.37%.

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.