Ares Capital Co. (NASDAQ:ARCC) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC cut its holdings in shares of Ares Capital Co. (NASDAQ:ARCCFree Report) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,986 shares of the investment management company’s stock after selling 1,829 shares during the period. Orion Portfolio Solutions LLC’s holdings in Ares Capital were worth $720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARCC. Cedar Mountain Advisors LLC acquired a new position in Ares Capital during the third quarter valued at $25,000. Point72 Asset Management L.P. lifted its position in Ares Capital by 100.8% during the second quarter. Point72 Asset Management L.P. now owns 1,426 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 181,426 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new position in Ares Capital during the third quarter valued at $29,000. Fiduciary Alliance LLC acquired a new position in Ares Capital during the second quarter valued at $33,000. Finally, Coppell Advisory Solutions Corp. acquired a new position in Ares Capital during the fourth quarter valued at $49,000. 29.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ARCC shares. StockNews.com started coverage on shares of Ares Capital in a report on Thursday, October 5th. They issued a “hold” rating for the company. B. Riley cut shares of Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a report on Monday, January 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Ares Capital from $20.50 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.20.

Check Out Our Latest Report on Ares Capital

Ares Capital Stock Performance

ARCC opened at $20.42 on Wednesday. The firm has a market capitalization of $11.63 billion, a PE ratio of 8.84 and a beta of 1.00. Ares Capital Co. has a twelve month low of $16.95 and a twelve month high of $20.61. The firm’s 50-day moving average price is $19.99 and its 200 day moving average price is $19.57. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.07.

Ares Capital (NASDAQ:ARCCGet Free Report) last posted its quarterly earnings results on Tuesday, October 24th. The investment management company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The firm had revenue of $655.00 million for the quarter, compared to analyst estimates of $655.14 million. Ares Capital had a net margin of 50.37% and a return on equity of 12.78%. During the same period in the previous year, the business posted $0.50 earnings per share. As a group, sell-side analysts expect that Ares Capital Co. will post 2.34 EPS for the current fiscal year.

Ares Capital Company Profile

(Free Report)

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

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