By otakuyassine3@gmail.com 
World Investment Advisors LLC bought a new stake in Ares Capital Co. (NASDAQ:ARCC – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,033 shares of the investment management company’s stock, valued at approximately $252,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Dedication LLC bought a new position in shares of Ares Capital during the 2nd quarter worth about $26,000. Horizon Financial Services LLC acquired a new position in Ares Capital in the third quarter worth about $28,000. nVerses Capital LLC lifted its stake in Ares Capital by 88.9% during the second quarter. nVerses Capital LLC now owns 1,700 shares of the investment management company’s stock worth $35,000 after purchasing an additional 800 shares during the period. Ridgewood Investments LLC acquired a new stake in Ares Capital during the second quarter valued at approximately $42,000. Finally, Blue Trust Inc. grew its stake in shares of Ares Capital by 56.8% in the 3rd quarter. Blue Trust Inc. now owns 2,510 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 909 shares during the period. 27.38% of the stock is owned by institutional investors.
Ares Capital Trading Down 1.8 %
Shares of NASDAQ ARCC opened at $20.92 on Thursday. Ares Capital Co. has a 1-year low of $19.32 and a 1-year high of $22.43. The company has a 50-day moving average of $21.65 and a two-hundred day moving average of $21.13. The company has a market cap of $13.52 billion, a PE ratio of 8.05 and a beta of 1.01. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.06.
Ares Capital (NASDAQ:ARCC – Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The investment management company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01). The company had revenue of $755.00 million during the quarter, compared to the consensus estimate of $770.45 million. Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 EPS. As a group, equities analysts expect that Ares Capital Co. will post 2.36 earnings per share for the current fiscal year.
Ares Capital Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given a $0.48 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.92 dividend on an annualized basis and a yield of 9.18%. Ares Capital’s payout ratio is 73.85%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on ARCC shares. Wells Fargo & Company raised Ares Capital from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. B. Riley boosted their target price on shares of Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research note 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, UBS Group upgraded shares of Ares Capital to a “hold” rating in a research report on Friday, August 23rd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.29.
Check Out Our Latest Stock Report on ARCC
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.
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