TFG Advisers LLC Increases Position in Ares Capital Co. (NASDAQ:ARCC)

TFG Advisers LLC raised its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 29.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,753 shares of the investment management company’s stock after buying an additional 11,884 shares during the period. TFG Advisers LLC’s holdings in Ares Capital were worth $1,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Horizon Financial Services LLC acquired a new stake in Ares Capital during the 3rd quarter worth approximately $28,000. Blue Trust Inc. raised its stake in shares of Ares Capital by 56.8% in the third quarter. Blue Trust Inc. now owns 2,510 shares of the investment management company’s stock valued at $52,000 after acquiring an additional 909 shares in the last quarter. Quarry LP purchased a new position in Ares Capital in the third quarter valued at $67,000. Centennial Bank AR acquired a new position in Ares Capital during the 3rd quarter worth $102,000. Finally, Avior Wealth Management LLC increased its holdings in Ares Capital by 19.6% during the 4th quarter. Avior Wealth Management LLC now owns 4,900 shares of the investment management company’s stock worth $107,000 after purchasing an additional 803 shares during the period. 27.38% of the stock is currently owned by hedge funds and other institutional investors.

Ares Capital Stock Up 0.0 %

Ares Capital stock opened at $22.74 on Friday. The company has a market capitalization of $14.69 billion, a P/E ratio of 8.75 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29. Ares Capital Co. has a fifty-two week low of $19.32 and a fifty-two week high of $23.84. The stock has a 50-day simple moving average of $22.40 and a 200-day simple moving average of $21.53.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Wednesday, February 5th. The investment management company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Ares Capital had a net margin of 53.71% and a return on equity of 12.06%. Equities research analysts expect that Ares Capital Co. will post 2.36 earnings per share for the current year.

Ares Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 8.44%. The ex-dividend date is Friday, March 14th. Ares Capital’s payout ratio is currently 78.37%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ARCC. Keefe, Bruyette & Woods lifted their price objective on Ares Capital from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on shares of Ares Capital from $23.00 to $24.50 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Raymond James lowered shares of Ares Capital from an “outperform” rating to a “market perform” rating in a report on Thursday. StockNews.com downgraded shares of Ares Capital from a “hold” rating to a “sell” rating in a research note on Friday. Finally, B. Riley increased their target price on Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Ares Capital presently has an average rating of “Moderate Buy” and an average target price of $22.94.

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.