Xcel Wealth Management LLC Has $358,000 Position in Ares Capital Co. (NASDAQ:ARCC)

Xcel Wealth Management LLC raised its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 4.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,350 shares of the investment management company’s stock after purchasing an additional 700 shares during the period. Xcel Wealth Management LLC’s holdings in Ares Capital were worth $358,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. US Bancorp DE boosted its stake in shares of Ares Capital by 4.7% during the 4th quarter. US Bancorp DE now owns 43,056 shares of the investment management company’s stock valued at $942,000 after buying an additional 1,945 shares during the period. Sage Investment Counsel LLC acquired a new stake in shares of Ares Capital during the 4th quarter valued at $293,000. SVB Wealth LLC acquired a new stake in shares of Ares Capital during the 4th quarter valued at $230,000. Verus Capital Partners LLC boosted its stake in shares of Ares Capital by 33.5% during the 4th quarter. Verus Capital Partners LLC now owns 19,095 shares of the investment management company’s stock valued at $418,000 after buying an additional 4,788 shares during the period. Finally, Muzinich & Co. Inc. boosted its stake in shares of Ares Capital by 7.0% during the 4th quarter. Muzinich & Co. Inc. now owns 961,831 shares of the investment management company’s stock valued at $21,054,000 after buying an additional 63,214 shares during the period. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Stock Performance

Shares of ARCC opened at $23.38 on Friday. The company has a market capitalization of $15.70 billion, a PE ratio of 9.54 and a beta of 1.01. Ares Capital Co. has a one year low of $19.32 and a one year high of $23.84. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.21. The company’s fifty day moving average price is $22.81 and its 200 day moving average price is $21.79.

Ares Capital (NASDAQ:ARCC) last announced its earnings results on Wednesday, February 5th. The investment management company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). Ares Capital had a return on equity of 11.54% and a net margin of 50.90%. As a group, analysts expect that Ares Capital Co. will post 2.19 earnings per share for the current year.

Ares Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.92 annualized dividend and a yield of 8.21%. Ares Capital’s dividend payout ratio (DPR) is presently 78.37%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ARCC. Raymond James lowered shares of Ares Capital from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Ares Capital from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Royal Bank of Canada lifted their price objective on shares of Ares Capital from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company reduced their price objective on shares of Ares Capital from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, StockNews.com lowered shares of Ares Capital from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.94.

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.