Samalin Investment Counsel LLC Acquires 1,598 Shares of Ares Capital Co. (NASDAQ:ARCC)

Samalin Investment Counsel LLC grew its holdings in shares of Ares Capital Co. (NASDAQ:ARCC) by 2.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 69,689 shares of the investment management company’s stock after acquiring an additional 1,598 shares during the period. Samalin Investment Counsel LLC’s holdings in Ares Capital were worth $1,526,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ARCC. Horizon Financial Services LLC bought a new position in shares of Ares Capital during the third quarter valued at $28,000. VSM Wealth Advisory LLC bought a new position in shares of Ares Capital during the fourth quarter valued at $35,000. Promus Capital LLC bought a new position in shares of Ares Capital during the fourth quarter valued at $48,000. SRS Capital Advisors Inc. bought a new position in Ares Capital during the fourth quarter worth $60,000. Finally, Montag A & Associates Inc. raised its stake in Ares Capital by 92.6% during the fourth quarter. Montag A & Associates Inc. now owns 2,889 shares of the investment management company’s stock worth $63,000 after buying an additional 1,389 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Raymond James downgraded shares of Ares Capital from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 6th. StockNews.com downgraded shares of Ares Capital from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Wells Fargo & Company lowered their target price on shares of Ares Capital from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada lifted their target price on shares of Ares Capital from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Ares Capital from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.94.

Ares Capital Stock Up 0.1 %

Shares of NASDAQ ARCC opened at $21.76 on Friday. The stock has a market capitalization of $14.83 billion, a P/E ratio of 8.88 and a beta of 1.00. The company has a 50-day moving average price of $22.85 and a 200-day moving average price of $21.92. Ares Capital Co. has a 1 year low of $19.32 and a 1 year high of $23.84. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.21.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Wednesday, February 5th. The investment management company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities research analysts forecast that Ares Capital Co. will post 2.19 EPS for the current fiscal year.

Ares Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date of this dividend is Friday, March 14th. Ares Capital’s dividend payout ratio is currently 78.37%.

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.