Naples Global Advisors LLC raised its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 2.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 65,960 shares of the investment management company’s stock after buying an additional 1,300 shares during the period. Naples Global Advisors LLC’s holdings in Ares Capital were worth $1,146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Confluence Investment Management LLC boosted its position in shares of Ares Capital by 4.2% in the first quarter. Confluence Investment Management LLC now owns 4,665,359 shares of the investment management company’s stock worth $81,084,000 after buying an additional 190,032 shares during the last quarter. Muzinich & Co. Inc. boosted its position in shares of Ares Capital by 158.2% in the third quarter. Muzinich & Co. Inc. now owns 3,606,602 shares of the investment management company’s stock worth $55,902,000 after buying an additional 2,209,623 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Ares Capital by 46.5% in the first quarter. Bank of Montreal Can now owns 3,431,407 shares of the investment management company’s stock worth $59,637,000 after buying an additional 1,089,635 shares during the last quarter. Edge Asset Management Inc. boosted its position in shares of Ares Capital by 3.0% in the fourth quarter. Edge Asset Management Inc. now owns 3,421,429 shares of the investment management company’s stock worth $56,419,000 after buying an additional 99,516 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Ares Capital by 18.7% in the fourth quarter. Two Sigma Investments LP now owns 2,538,447 shares of the investment management company’s stock worth $41,859,000 after buying an additional 400,323 shares during the last quarter. Institutional investors and hedge funds own 39.07% of the company’s stock.

Institutional Ownership by Quarter for Ares Capital (NASDAQ:ARCC)

Shares of Ares Capital Co. (NASDAQ:ARCC) traded down 0.17% during mid-day trading on Friday, reaching $17.40. The company had a trading volume of 1,480,962 shares. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 11.52 and a beta of 0.69. Ares Capital Co. has a 1-year low of $13.85 and a 1-year high of $17.87. The firm has a 50-day moving average price of $17.46 and a 200-day moving average price of $16.60.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Wednesday, February 22nd. The investment management company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The firm earned $261 million during the quarter, compared to analysts’ expectations of $247.12 million. Ares Capital had a return on equity of 9.57% and a net margin of 40.83%. During the same period in the prior year, the business posted $0.40 EPS. Equities analysts expect that Ares Capital Co. will post $1.60 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Wednesday, March 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.74%. The ex-dividend date was Monday, March 13th. Ares Capital’s dividend payout ratio (DPR) is currently 115.15%.

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A number of research analysts have commented on ARCC shares. Wells Fargo & Co reiterated a “buy” rating on shares of Ares Capital in a research report on Wednesday, January 4th. Zacks Investment Research cut shares of Ares Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 6th. BMO Capital Markets reiterated a “hold” rating and set a $15.00 price target on shares of Ares Capital in a research report on Tuesday, April 11th. Citigroup Inc increased their price target on shares of Ares Capital from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, March 6th. Finally, National Securities raised their target price on shares of Ares Capital from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, February 24th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Ares Capital presently has an average rating of “Buy” and a consensus price target of $17.72.

About Ares Capital

Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.

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