Integrated Wealth Concepts LLC Has $913,000 Position in Ares Capital Corporation $ARCC

Integrated Wealth Concepts LLC decreased its position in shares of Ares Capital Corporation (NASDAQ:ARCC) by 7.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,194 shares of the investment management company’s stock after selling 3,545 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Ares Capital were worth $913,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC raised its position in shares of Ares Capital by 9.0% during the first quarter. LPL Financial LLC now owns 3,567,816 shares of the investment management company’s stock worth $79,063,000 after acquiring an additional 293,442 shares during the last quarter. Allen Investment Management LLC raised its holdings in Ares Capital by 8.4% during the 1st quarter. Allen Investment Management LLC now owns 2,975,197 shares of the investment management company’s stock worth $65,930,000 after purchasing an additional 230,924 shares during the last quarter. CCLA Investment Management raised its holdings in Ares Capital by 26.5% during the 1st quarter. CCLA Investment Management now owns 2,799,023 shares of the investment management company’s stock worth $62,026,000 after purchasing an additional 587,068 shares during the last quarter. Raymond James Financial Inc. lifted its position in Ares Capital by 2.4% during the 1st quarter. Raymond James Financial Inc. now owns 2,720,010 shares of the investment management company’s stock valued at $60,275,000 after purchasing an additional 63,082 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of Ares Capital by 81.0% in the 4th quarter. Two Sigma Investments LP now owns 2,678,525 shares of the investment management company’s stock valued at $58,633,000 after purchasing an additional 1,198,580 shares during the last quarter. 27.38% of the stock is currently owned by institutional investors.

Ares Capital Stock Performance

Shares of NASDAQ:ARCC opened at $22.40 on Friday. The company has a market capitalization of $15.80 billion, a price-to-earnings ratio of 10.93 and a beta of 0.70. The firm’s 50 day simple moving average is $22.55 and its 200 day simple moving average is $21.89. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.14 and a quick ratio of 1.14. Ares Capital Corporation has a fifty-two week low of $18.26 and a fifty-two week high of $23.84.

Ares Capital (NASDAQ:ARCC) last announced its earnings results on Tuesday, July 29th. The investment management company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). The company had revenue of $614.00 million for the quarter, compared to analyst estimates of $748.76 million. Ares Capital had a return on equity of 10.48% and a net margin of 44.94%.During the same quarter last year, the business posted $0.61 earnings per share. As a group, sell-side analysts forecast that Ares Capital Corporation will post 2.19 earnings per share for the current year.

Ares Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 8.6%. The ex-dividend date is Monday, September 15th. Ares Capital’s dividend payout ratio (DPR) is 93.66%.

Analyst Ratings Changes

Several research analysts have recently issued reports on ARCC shares. Keefe, Bruyette & Woods raised their target price on shares of Ares Capital from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. B. Riley raised shares of Ares Capital from a “neutral” rating to a “buy” rating and raised their target price for the company from $22.50 to $23.50 in a research note on Wednesday, July 30th. UBS Group raised their target price on shares of Ares Capital from $22.00 to $22.50 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Ares Capital from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Ares Capital in a research note on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.86.

About Ares Capital

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.