Ares Capital Co. (NASDAQ:ARCC) Holdings Boosted by EWG Elevate Inc.

EWG Elevate Inc. increased its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,633 shares of the investment management company’s stock after buying an additional 5,089 shares during the quarter. Ares Capital comprises approximately 1.0% of EWG Elevate Inc.’s holdings, making the stock its 29th largest position. EWG Elevate Inc.’s holdings in Ares Capital were worth $3,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ARCC. Choreo LLC bought a new position in Ares Capital during the 2nd quarter valued at $406,000. Fiduciary Group LLC raised its stake in Ares Capital by 12.3% during the 2nd quarter. Fiduciary Group LLC now owns 15,550 shares of the investment management company’s stock valued at $324,000 after purchasing an additional 1,700 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Ares Capital by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,491,495 shares of the investment management company’s stock worth $31,083,000 after buying an additional 71,393 shares during the period. J.W. Cole Advisors Inc. boosted its position in Ares Capital by 20.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 51,393 shares of the investment management company’s stock worth $1,071,000 after acquiring an additional 8,644 shares during the period. Finally, Rathbones Group PLC increased its holdings in shares of Ares Capital by 170.0% in the 2nd quarter. Rathbones Group PLC now owns 96,803 shares of the investment management company’s stock valued at $2,017,000 after purchasing an additional 60,951 shares during the period. 27.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ARCC shares. Wells Fargo & Company upgraded shares of Ares Capital from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com raised Ares Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, B. Riley boosted their target price on shares of Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.29.

Ares Capital Stock Down 0.5 %

Shares of ARCC opened at $21.98 on Monday. Ares Capital Co. has a 52 week low of $19.32 and a 52 week high of $22.43. The firm has a market capitalization of $14.20 billion, a P/E ratio of 8.45 and a beta of 1.00. The company has a 50-day simple moving average of $21.79 and a 200-day simple moving average of $21.23. 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 (NASDAQ:ARCC) last announced its quarterly earnings data on Wednesday, October 30th. The investment management company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The firm had revenue of $755.00 million during the quarter, compared to the consensus estimate of $770.45 million. Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. Ares Capital’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. On average, 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 declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 8.74%. The ex-dividend date was Friday, December 13th. Ares Capital’s dividend payout ratio (DPR) is presently 73.85%.

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.