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

TFG Advisers LLC lifted its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 29.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 52,753 shares of the investment management company’s stock after buying an additional 11,884 shares during the quarter. TFG Advisers LLC’s holdings in Ares Capital were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Cyndeo Wealth Partners LLC grew its stake in Ares Capital by 2.3% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 19,148 shares of the investment management company’s stock valued at $419,000 after acquiring an additional 430 shares during the last quarter. JBR Co Financial Management Inc lifted its holdings in shares of Ares Capital by 1.5% in the third quarter. JBR Co Financial Management Inc now owns 33,047 shares of the investment management company’s stock valued at $692,000 after purchasing an additional 500 shares in the last quarter. Onyx Bridge Wealth Group LLC grew its position in shares of Ares Capital by 1.2% in the third quarter. Onyx Bridge Wealth Group LLC now owns 43,609 shares of the investment management company’s stock valued at $913,000 after purchasing an additional 531 shares during the last quarter. Western Financial Corp CA increased its stake in shares of Ares Capital by 2.2% during the 4th quarter. Western Financial Corp CA now owns 26,387 shares of the investment management company’s stock worth $578,000 after purchasing an additional 564 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its position in shares of Ares Capital by 1.6% during the 4th quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company’s stock worth $812,000 after purchasing an additional 567 shares during the last quarter. 27.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARCC has been the topic of a number of analyst reports. Raymond James cut Ares Capital from an “outperform” rating to a “market perform” rating in a report on Thursday. StockNews.com lowered Ares Capital from a “hold” rating to a “sell” rating in a research note on Friday. Royal Bank of Canada boosted their target price on shares of Ares Capital from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday. Wells Fargo & Company decreased their price target on shares of Ares Capital from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ares Capital from $23.00 to $24.50 and gave the company an “overweight” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have given 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.94.

Ares Capital Price Performance

ARCC opened at $22.74 on Friday. Ares Capital Co. has a 1 year low of $19.32 and a 1 year high of $23.84. The company’s 50 day simple moving average is $22.40 and its 200 day simple moving average is $21.53. The stock has a market capitalization of $14.69 billion, a PE 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 (NASDAQ:ARCC) last announced its quarterly earnings results 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%. As a group, sell-side analysts expect that Ares Capital Co. will post 2.36 EPS for the current year.

Ares Capital Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date of this dividend is Friday, March 14th. Ares Capital’s dividend payout ratio (DPR) is presently 78.37%.

Ares Capital Company 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.