Uniplan Investment Counsel Inc. Sells 6,616 Shares of Ares Capital Corporation $ARCC

Uniplan Investment Counsel Inc. lessened its holdings in shares of Ares Capital Corporation (NASDAQ:ARCC) by 3.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 170,864 shares of the investment management company’s stock after selling 6,616 shares during the period. Uniplan Investment Counsel Inc.’s holdings in Ares Capital were worth $3,786,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Elequin Capital LP bought a new stake in shares of Ares Capital during the first quarter worth $30,000. Continuum Advisory LLC grew its holdings in shares of Ares Capital by 320.7% during the first quarter. Continuum Advisory LLC now owns 1,628 shares of the investment management company’s stock worth $36,000 after purchasing an additional 1,241 shares during the last quarter. Investment Management Corp VA ADV grew its holdings in shares of Ares Capital by 193.9% during the first quarter. Investment Management Corp VA ADV now owns 1,828 shares of the investment management company’s stock worth $41,000 after purchasing an additional 1,206 shares during the last quarter. PSI Advisors LLC grew its holdings in shares of Ares Capital by 121.1% during the first quarter. PSI Advisors LLC now owns 2,100 shares of the investment management company’s stock worth $47,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Archer Investment Corp grew its holdings in shares of Ares Capital by 281.3% during the first quarter. Archer Investment Corp now owns 2,440 shares of the investment management company’s stock worth $54,000 after purchasing an additional 1,800 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ARCC shares. Citigroup reiterated an “outperform” rating on shares of Ares Capital in a research report on Thursday, July 31st. Wall Street Zen upgraded Ares Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. UBS Group lifted their price objective on Ares Capital from $22.00 to $22.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. JMP Securities set a $23.00 price objective on Ares Capital and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company lifted their price objective on Ares Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Ares Capital presently has a consensus rating of “Moderate Buy” and an average price target of $22.86.

Ares Capital Price Performance

Shares of ARCC opened at $22.44 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.01. Ares Capital Corporation has a 1 year low of $18.26 and a 1 year high of $23.84. The stock has a market cap of $15.83 billion, a P/E ratio of 10.95 and a beta of 0.70. The stock’s 50-day moving average price is $22.53 and its two-hundred day moving average price is $21.90.

Ares Capital (NASDAQ:ARCC) last issued its earnings results on Tuesday, July 29th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The company had revenue of $614.00 million for the quarter, compared to the consensus estimate of $748.76 million. Ares Capital had a return on equity of 10.48% and a net margin of 44.94%.During the same quarter last year, the business posted $0.61 EPS. On average, equities analysts predict that Ares Capital Corporation will post 2.19 earnings per share for the current year.

Ares Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.6%. Ares Capital’s dividend payout ratio (DPR) is currently 93.66%.

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.