Duncker Streett & Co. Inc. Has $1.37 Million Stock Holdings in Ares Capital Co. (NASDAQ:ARCC)

Duncker Streett & Co. Inc. lessened its holdings in shares of Ares Capital Co. (NASDAQ:ARCC) by 5.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 62,527 shares of the investment management company’s stock after selling 3,404 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Ares Capital were worth $1,369,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ARCC. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Ares Capital by 2.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,635 shares of the investment management company’s stock worth $661,000 after purchasing an additional 712 shares during the last quarter. Financial Advocates Investment Management lifted its position in shares of Ares Capital by 7.0% during the 3rd quarter. Financial Advocates Investment Management now owns 18,463 shares of the investment management company’s stock worth $387,000 after purchasing an additional 1,200 shares during the last quarter. Capital Advisors Inc. OK lifted its position in shares of Ares Capital by 3.2% during the 3rd quarter. Capital Advisors Inc. OK now owns 1,440,716 shares of the investment management company’s stock worth $30,169,000 after purchasing an additional 44,235 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Ares Capital by 4.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 482,027 shares of the investment management company’s stock worth $10,364,000 after purchasing an additional 22,047 shares during the last quarter. Finally, Clear Creek Financial Management LLC raised its holdings in Ares Capital by 6.3% in the 3rd quarter. Clear Creek Financial Management LLC now owns 175,653 shares of the investment management company’s stock valued at $3,678,000 after acquiring an additional 10,364 shares in the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ARCC shares. Wells Fargo & Company cut their price target on Ares Capital from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their price target on Ares Capital from $23.00 to $24.50 and gave the company an “overweight” rating in a report on Monday, February 3rd. StockNews.com cut Ares Capital from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Royal Bank of Canada upped their price target on Ares Capital from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Raymond James cut Ares Capital from an “outperform” rating to a “market perform” rating in a report on Thursday, February 6th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.94.

Ares Capital Stock Up 1.1 %

NASDAQ ARCC opened at $23.38 on Friday. The firm has a market cap of $15.70 billion, a PE ratio of 9.54 and a beta of 1.01. Ares Capital Co. has a one year low of $19.32 and a one year high of $23.84. The stock’s 50 day simple moving average is $22.81 and its 200 day simple moving average is $21.80. 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 released its quarterly earnings results on Wednesday, February 5th. The investment management company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Ares Capital had a return on equity of 11.54% and a net margin of 50.90%. As a group, sell-side analysts forecast that Ares Capital Co. will post 2.19 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 8.21%. Ares Capital’s dividend payout ratio (DPR) is presently 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.