Kempen Capital Management N.V. Acquires 93,650 Shares of Ares Capital Corporation (ARCC)

Kempen Capital Management N.V. boosted its holdings in shares of Ares Capital Corporation (NASDAQ:ARCC) by 6.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,468,525 shares of the investment management company’s stock after buying an additional 93,650 shares during the quarter. Ares Capital Corporation accounts for about 2.3% of Kempen Capital Management N.V.’s portfolio, making the stock its 12th largest holding. Kempen Capital Management N.V.’s holdings in Ares Capital Corporation were worth $24,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in Ares Capital Corporation by 16.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 59,220 shares of the investment management company’s stock worth $1,029,000 after buying an additional 8,354 shares during the last quarter. California Public Employees Retirement System raised its position in Ares Capital Corporation by 16.2% during the 1st quarter. California Public Employees Retirement System now owns 821,400 shares of the investment management company’s stock worth $14,276,000 after buying an additional 114,700 shares during the last quarter. P.A.W. Capital Corp raised its position in Ares Capital Corporation by 12.5% during the 2nd quarter. P.A.W. Capital Corp now owns 108,000 shares of the investment management company’s stock worth $1,769,000 after buying an additional 12,000 shares during the last quarter. Sei Investments Co. raised its position in Ares Capital Corporation by 50.6% during the 2nd quarter. Sei Investments Co. now owns 69,980 shares of the investment management company’s stock worth $1,146,000 after buying an additional 23,505 shares during the last quarter. Finally, LGT Capital Partners LTD. raised its position in Ares Capital Corporation by 2.6% during the 2nd quarter. LGT Capital Partners LTD. now owns 1,200,000 shares of the investment management company’s stock worth $19,656,000 after buying an additional 30,000 shares during the last quarter. 45.88% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on ARCC shares. BidaskClub lowered shares of Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. BMO Capital Markets reissued a “hold” rating and set a $15.00 price target on shares of Ares Capital Corporation in a research report on Friday, August 25th. Jefferies Group LLC reissued a “buy” rating and set a $19.50 price target on shares of Ares Capital Corporation in a research report on Friday, July 14th. Zacks Investment Research lowered shares of Ares Capital Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.50 price target on shares of Ares Capital Corporation in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $18.06.

Ares Capital Corporation (NASDAQ ARCC) traded down 0.13% during trading on Friday, hitting $15.74. 2,572,020 shares of the stock traded hands. The firm’s 50-day moving average is $16.14 and its 200-day moving average is $16.72. Ares Capital Corporation has a 12 month low of $15.01 and a 12 month high of $17.87.

Ares Capital Corporation (NASDAQ:ARCC) last released its quarterly earnings results on Wednesday, August 2nd. The investment management company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). Ares Capital Corporation had a return on equity of 8.95% and a net margin of 44.61%. The company had revenue of $284.00 million for the quarter, compared to analysts’ expectations of $297.77 million. During the same quarter last year, the company earned $0.50 EPS. Equities analysts anticipate that Ares Capital Corporation will post $1.40 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 9.66%. The ex-dividend date of this dividend is Thursday, September 14th. Ares Capital Corporation’s dividend payout ratio (DPR) is presently 117.83%.

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Ares Capital Corporation Profile

Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.

Institutional Ownership by Quarter for Ares Capital Corporation (NASDAQ:ARCC)

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