Cwm LLC Raises Stock Holdings in Ares Capital Co. (NASDAQ:ARCC)

Cwm LLC boosted its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 28.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 116,731 shares of the investment management company’s stock after buying an additional 26,190 shares during the quarter. Cwm LLC’s holdings in Ares Capital were worth $2,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. SS&H Financial Advisors Inc. bought a new stake in shares of Ares Capital in the 3rd quarter worth approximately $262,000. MBM Wealth Consultants LLC increased its position in Ares Capital by 8.4% during the 3rd quarter. MBM Wealth Consultants LLC now owns 55,727 shares of the investment management company’s stock valued at $1,060,000 after purchasing an additional 4,303 shares during the period. Valeo Financial Advisors LLC raised its holdings in Ares Capital by 95.8% in the 3rd quarter. Valeo Financial Advisors LLC now owns 24,009 shares of the investment management company’s stock worth $467,000 after purchasing an additional 11,750 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Ares Capital by 7.3% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 32,987 shares of the investment management company’s stock worth $642,000 after purchasing an additional 2,238 shares during the period. Finally, My Legacy Advisors LLC boosted its stake in shares of Ares Capital by 4.3% during the 3rd quarter. My Legacy Advisors LLC now owns 56,462 shares of the investment management company’s stock valued at $1,068,000 after purchasing an additional 2,340 shares in the last quarter. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. B. Riley downgraded shares of Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a research note on Monday, January 8th. JMP Securities restated a “market outperform” rating and issued a $21.00 target price on shares of Ares Capital in a research note on Tuesday, March 26th. Finally, Wells Fargo & Company lifted their price target on Ares Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Ares Capital presently has a consensus rating of “Hold” and an average target price of $20.80.

Ares Capital Price Performance

ARCC stock opened at $20.63 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $12.52 billion, a price-to-earnings ratio of 7.73 and a beta of 1.00. The firm has a 50 day moving average price of $20.35 and a 200-day moving average price of $20.00. Ares Capital Co. has a 52-week low of $17.53 and a 52-week high of $20.86.

Ares Capital (NASDAQ:ARCC) last released its earnings results on Wednesday, February 7th. The investment management company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. Ares Capital had a return on equity of 12.50% and a net margin of 58.22%. The business had revenue of $707.00 million for the quarter, compared to the consensus estimate of $669.78 million. During the same period in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Equities research analysts forecast that Ares Capital Co. will post 2.35 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 9.31%. Ares Capital’s dividend payout ratio is currently 71.91%.

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.