Cwm LLC Grows Position in Ares Capital Corporation $ARCC

Cwm LLC raised its holdings in shares of Ares Capital Corporation (NASDAQ:ARCC) by 62.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 231,240 shares of the investment management company’s stock after purchasing an additional 89,072 shares during the quarter. Cwm LLC’s holdings in Ares Capital were worth $5,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ARCC. SG Americas Securities LLC lifted its holdings in Ares Capital by 2.8% during the first quarter. SG Americas Securities LLC now owns 24,361 shares of the investment management company’s stock valued at $540,000 after purchasing an additional 666 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Ares Capital by 28.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 393,517 shares of the investment management company’s stock valued at $8,720,000 after purchasing an additional 87,934 shares during the last quarter. Brighton Jones LLC lifted its holdings in Ares Capital by 11.0% during the first quarter. Brighton Jones LLC now owns 11,401 shares of the investment management company’s stock valued at $253,000 after purchasing an additional 1,128 shares during the last quarter. Mission Wealth Management LP purchased a new stake in shares of Ares Capital in the first quarter worth about $201,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Ares Capital by 15.8% in the first quarter. Janney Montgomery Scott LLC now owns 932,170 shares of the investment management company’s stock worth $20,657,000 after buying an additional 126,956 shares in the last quarter. 27.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ARCC has been the topic of a number of recent analyst reports. Capital One Financial set a $22.50 price target on shares of Ares Capital in a report on Friday, October 10th. Wall Street Zen downgraded shares of Ares Capital from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Citigroup reissued an “outperform” rating on shares of Ares Capital in a report on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Ares Capital in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Ares Capital from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.63.

Ares Capital Trading Up 0.6%

Shares of Ares Capital stock opened at $20.05 on Thursday. Ares Capital Corporation has a 1 year low of $18.26 and a 1 year high of $23.84. The firm has a market cap of $14.14 billion, a PE ratio of 9.78 and a beta of 0.68. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.14 and a quick ratio of 1.14. The company has a 50 day simple moving average of $21.45 and a two-hundred day simple moving average of $21.58.

Ares Capital (NASDAQ:ARCC) last announced its earnings results on Tuesday, July 29th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Ares Capital had a net margin of 44.94% and a return on equity of 10.48%. The company had revenue of $614.00 million for the quarter, compared to the consensus estimate of $748.76 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. Analysts expect that Ares Capital Corporation will post 2.19 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.48 per share. The ex-dividend date was Monday, September 15th. This represents a $1.92 annualized dividend and a yield of 9.6%. Ares Capital’s payout ratio is presently 93.66%.

Ares Capital Company 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.