CWS Financial Advisors LLC Makes New Investment in Ares Capital Corporation $ARCC

CWS Financial Advisors LLC bought a new position in Ares Capital Corporation (NASDAQ:ARCC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,199 shares of the investment management company’s stock, valued at approximately $202,000.

A number of other hedge funds also recently bought and sold shares of ARCC. Fourth Dimension Wealth LLC bought a new stake in Ares Capital during the 2nd quarter valued at approximately $29,000. Elequin Capital LP acquired a new stake in Ares Capital during the first quarter worth $30,000. CNB Bank acquired a new stake in shares of Ares Capital during the 2nd quarter valued at about $36,000. Harbor Asset Planning Inc. acquired a new stake in Ares Capital during the second quarter valued at approximately $38,000. Finally, Wolff Wiese Magana LLC acquired a new stake in Ares Capital in the 2nd quarter valued at $40,000. 27.38% of the stock is currently owned by institutional investors.

Insider Activity

In other Ares Capital news, CEO Michael Kort Schnabel purchased 13,000 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average price of $20.39 per share, for a total transaction of $265,070.00. Following the purchase, the chief executive officer owned 28,000 shares in the company, valued at approximately $570,920. The trade was a 86.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on ARCC shares. Wall Street Zen raised shares of Ares Capital from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. B. Riley upgraded Ares Capital from a “neutral” rating to a “buy” rating and raised their price target for the company from $22.50 to $23.50 in a report on Wednesday, July 30th. JMP Securities set a $23.00 price objective on shares of Ares Capital and gave the company a “market outperform” rating in a research note on Thursday, July 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Ares Capital in a research report on Thursday, October 30th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Ares Capital from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.25.

Ares Capital Trading Down 0.4%

Ares Capital stock opened at $20.21 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.20 and a quick ratio of 1.14. The firm has a 50-day moving average of $20.47 and a 200-day moving average of $21.52. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 10.11 and a beta of 0.68. Ares Capital Corporation has a one year low of $18.26 and a one year high of $23.84.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings data on Tuesday, October 28th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. The company had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $766.48 million. Ares Capital had a return on equity of 10.08% and a net margin of 45.16%.The business’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS. On average, equities analysts expect that Ares Capital Corporation will post 2.19 earnings per share for the current fiscal year.

Ares Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.5%. The ex-dividend date is Monday, December 15th. Ares Capital’s dividend payout ratio (DPR) is 96.00%.

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.