Ares Capital Co. (NASDAQ:ARCC) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lowered its stake in Ares Capital Co. (NASDAQ:ARCC) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,612 shares of the investment management company’s stock after selling 4,434 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Ares Capital were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Confluence Investment Management LLC raised its position in Ares Capital by 1.1% in the 3rd quarter. Confluence Investment Management LLC now owns 5,041,733 shares of the investment management company’s stock valued at $93,953,000 after purchasing an additional 55,668 shares in the last quarter. OMERS ADMINISTRATION Corp raised its position in Ares Capital by 8.7% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 3,445,079 shares of the investment management company’s stock valued at $62,644,000 after purchasing an additional 276,401 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Ares Capital by 13.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,690,619 shares of the investment management company’s stock valued at $48,270,000 after purchasing an additional 311,400 shares in the last quarter. UBS Group AG raised its position in Ares Capital by 11.1% in the 2nd quarter. UBS Group AG now owns 2,659,468 shares of the investment management company’s stock valued at $47,711,000 after purchasing an additional 264,632 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Ares Capital by 2.8% in the 2nd quarter. Van ECK Associates Corp now owns 2,356,362 shares of the investment management company’s stock valued at $42,273,000 after purchasing an additional 64,715 shares in the last quarter. 36.32% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on the company. Compass Point downgraded Ares Capital from a “buy” rating to a “neutral” rating in a report on Friday, August 23rd. Zacks Investment Research upgraded Ares Capital from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Monday, August 26th. BidaskClub downgraded Ares Capital from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Raymond James downgraded Ares Capital from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 22nd. They noted that the move was a valuation call. Finally, BMO Capital Markets upgraded Ares Capital from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $19.00 to $20.00 in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Ares Capital has an average rating of “Buy” and a consensus target price of $19.57.

NASDAQ:ARCC traded up $0.09 during mid-day trading on Monday, reaching $18.47. 59,440 shares of the stock were exchanged, compared to its average volume of 1,431,502. The company has a 50 day simple moving average of $18.64 and a 200-day simple moving average of $18.18. The stock has a market capitalization of $7.86 billion, a P/E ratio of 10.99 and a beta of 0.59. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.82. Ares Capital Co. has a 1 year low of $14.50 and a 1 year high of $19.28.

Ares Capital (NASDAQ:ARCC) last released its quarterly earnings results on Tuesday, July 30th. The investment management company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. The firm had revenue of $382.00 million for the quarter, compared to the consensus estimate of $363.60 million. Ares Capital had a return on equity of 10.72% and a net margin of 53.81%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. As a group, research analysts predict that Ares Capital Co. will post 1.86 EPS for the current year.

In other news, Director Steven B. Mckeever purchased 5,425 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of $18.42 per share, for a total transaction of $99,928.50. Following the purchase, the director now directly owns 24,795 shares of the company’s stock, valued at approximately $456,723.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Penelope F. Roll purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average price of $18.36 per share, for a total transaction of $36,720.00. Following the purchase, the chief financial officer now directly owns 11,147 shares in the company, valued at $204,658.92. The disclosure for this purchase can be found here. Insiders have purchased a total of 13,425 shares of company stock worth $247,289 in the last 90 days. 0.53% of the stock is currently owned by company insiders.

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.

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

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