Janney Montgomery Scott LLC Grows Stake in Ares Capital Co. (NASDAQ:ARCC)

Janney Montgomery Scott LLC boosted its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 5.7% in the fourth quarter, Holdings Channel reports. The fund owned 805,214 shares of the investment management company’s stock after purchasing an additional 43,380 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ares Capital were worth $17,626,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of 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 valued at $756,620,000 after purchasing an additional 3,449,395 shares during the last quarter. Van ECK Associates Corp grew its position in 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 valued at $272,107,000 after buying an additional 975,045 shares during the period. CCLA Investment Management increased its holdings in Ares Capital by 31.6% during the fourth quarter. CCLA Investment Management now owns 2,211,955 shares of the investment management company’s stock valued at $48,419,000 after buying an additional 531,305 shares during the last quarter. Magnolia Capital Advisors LLC bought a new position in Ares Capital in the second quarter worth approximately $9,815,000. Finally, Partners Group Holding AG boosted its stake in shares of Ares Capital by 21.2% during the 3rd quarter. Partners Group Holding AG now owns 1,787,401 shares of the investment management company’s stock worth $37,428,000 after acquiring an additional 312,255 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com raised Ares Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Wells Fargo & Company upgraded Ares Capital from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. Finally, B. Riley lifted their price target on shares of Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. 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’s stock. According to data from MarketBeat, Ares Capital presently has an average rating of “Moderate Buy” and an average price target of $22.29.

Ares Capital Trading Up 0.2 %

Shares of ARCC opened at $23.43 on Friday. The firm has a market cap of $15.14 billion, a P/E ratio of 9.01 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. Ares Capital Co. has a 1 year low of $19.32 and a 1 year high of $23.53. The company has a 50 day simple moving average of $22.12 and a two-hundred day simple moving average of $21.37.

Ares Capital (NASDAQ:ARCC) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $770.45 million. Ares Capital had a net margin of 53.71% and a return on equity of 12.06%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.92 annualized dividend and a dividend yield of 8.19%. Ares Capital’s dividend payout ratio (DPR) is 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.