Ares Capital Co. (NASDAQ:ARCC) Holdings Decreased by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. decreased its holdings in shares of Ares Capital Co. (NASDAQ:ARCC) by 9.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,661 shares of the investment management company’s stock after selling 2,641 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Ares Capital were worth $558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ARCC. Jamison Private Wealth Management Inc. boosted its position in Ares Capital by 62.7% during the second quarter. Jamison Private Wealth Management Inc. now owns 1,233 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 475 shares during the last quarter. Capital Investment Advisors LLC boosted its position in Ares Capital by 1.6% during the second quarter. Capital Investment Advisors LLC now owns 32,691 shares of the investment management company’s stock valued at $681,000 after purchasing an additional 499 shares during the last quarter. JBR Co Financial Management Inc boosted its position in Ares Capital by 1.5% during the third quarter. JBR Co Financial Management Inc now owns 33,047 shares of the investment management company’s stock valued at $692,000 after purchasing an additional 500 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its position in Ares Capital by 1.2% during the third quarter. Onyx Bridge Wealth Group LLC now owns 43,609 shares of the investment management company’s stock valued at $913,000 after purchasing an additional 531 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its position in Ares Capital by 3.9% during the second quarter. Centaurus Financial Inc. now owns 14,428 shares of the investment management company’s stock valued at $301,000 after purchasing an additional 542 shares during the last quarter. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Ares Capital Price Performance

Shares of NASDAQ:ARCC opened at $22.10 on Tuesday. Ares Capital Co. has a fifty-two week low of $19.32 and a fifty-two week high of $22.30. The business has a 50-day moving average of $21.38 and a two-hundred day moving average of $21.07. The stock has a market capitalization of $14.28 billion, a P/E ratio of 8.52 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings data on Wednesday, October 30th. The investment management company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01). Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. The business had revenue of $755.00 million for the quarter, compared to analyst estimates of $770.45 million. During the same period in the prior year, the firm posted $0.59 EPS. Ares Capital’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities research analysts predict that Ares Capital Co. will post 2.36 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, December 13th. This represents a $1.92 annualized dividend and a dividend yield of 8.69%. Ares Capital’s dividend payout ratio is presently 73.85%.

Analyst Ratings Changes

ARCC has been the subject of a number of research reports. UBS Group raised Ares Capital to a “hold” rating in a research report on Friday, August 23rd. B. Riley lifted their price objective on Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company raised Ares Capital from an “equal weight” rating to an “overweight” rating and set a $23.00 price objective for the company in a research report on Monday. StockNews.com raised Ares Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Ares Capital in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.29.

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.