Ares Capital Co. (NASDAQ:ARCC) Shares Bought by Evoke Wealth LLC

Evoke Wealth LLC boosted its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,318 shares of the investment management company’s stock after acquiring an additional 713 shares during the period. Evoke Wealth LLC’s holdings in Ares Capital were worth $554,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathstone Holdings LLC lifted its position in shares of Ares Capital by 6.6% during the 3rd quarter. Pathstone Holdings LLC now owns 336,879 shares of the investment management company’s stock worth $7,054,000 after buying an additional 21,005 shares during the last quarter. BIP Wealth LLC lifted its position in shares of Ares Capital by 76.7% during the 3rd quarter. BIP Wealth LLC now owns 25,932 shares of the investment management company’s stock worth $543,000 after buying an additional 11,260 shares during the last quarter. Banque Cantonale Vaudoise lifted its position in shares of Ares Capital by 35.6% during the 3rd quarter. Banque Cantonale Vaudoise now owns 266,903 shares of the investment management company’s stock worth $5,589,000 after buying an additional 70,000 shares during the last quarter. Hilton Capital Management LLC lifted its position in shares of Ares Capital by 2.3% during the 3rd quarter. Hilton Capital Management LLC now owns 357,173 shares of the investment management company’s stock worth $7,479,000 after buying an additional 8,012 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Ares Capital by 9.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 353,718 shares of the investment management company’s stock worth $7,407,000 after buying an additional 31,485 shares during the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Stock Performance

Shares of ARCC opened at $21.82 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $14.87 billion, a P/E ratio of 8.91 and a beta of 1.00. The company’s fifty day moving average is $22.87 and its two-hundred day moving average is $21.92. Ares Capital Co. has a 1 year low of $19.32 and a 1 year high of $23.84.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings data on Wednesday, February 5th. The investment management company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). Ares Capital had a net margin of 50.90% and a return on equity of 11.54%. On average, sell-side analysts predict that Ares Capital Co. will post 2.19 earnings per share for the current year.

Ares Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.48 per share. The ex-dividend date is Friday, March 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.80%. Ares Capital’s dividend payout ratio (DPR) is presently 78.37%.

Analyst Ratings Changes

Several brokerages have recently weighed in on ARCC. Royal Bank of Canada boosted their price objective on shares of Ares Capital from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of Ares Capital from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Keefe, Bruyette & Woods upped their price target on shares of Ares Capital from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. StockNews.com downgraded shares of Ares Capital from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their price target 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 assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.94.

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.