Eos Management L.P. Invests $1.42 Million in Ares Capital Corporation $ARCC

Eos Management L.P. bought a new position in shares of Ares Capital Corporation (NASDAQ:ARCC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 70,000 shares of the investment management company’s stock, valued at approximately $1,416,000.

A number of other large investors have also recently bought and sold shares of the company. Partners Group Holding AG boosted its holdings in shares of Ares Capital by 4.8% in the 3rd quarter. Partners Group Holding AG now owns 1,767,154 shares of the investment management company’s stock valued at $36,068,000 after acquiring an additional 80,885 shares during the last quarter. Investment Partners Asset Management Inc. acquired a new stake in shares of Ares Capital in the fourth quarter worth $1,314,000. Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Ares Capital during the third quarter worth $1,430,000. Sound Income Strategies LLC raised its holdings in shares of Ares Capital by 5.6% during the fourth quarter. Sound Income Strategies LLC now owns 2,616,789 shares of the investment management company’s stock worth $54,691,000 after purchasing an additional 138,857 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its position in Ares Capital by 10.8% during the fourth quarter. Tectonic Advisors LLC now owns 662,533 shares of the investment management company’s stock valued at $13,403,000 after purchasing an additional 64,491 shares during the period. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Ares Capital Price Performance

Shares of NASDAQ ARCC opened at $18.03 on Friday. The firm has a market cap of $12.95 billion, a PE ratio of 11.06 and a beta of 0.56. The firm has a fifty day moving average of $18.77 and a 200 day moving average of $19.29. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.40 and a current ratio of 1.40. Ares Capital Corporation has a one year low of $17.40 and a one year high of $23.42.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings data on Tuesday, April 28th. The investment management company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Ares Capital had a return on equity of 9.85% and a net margin of 37.30%.The firm had revenue of $763.00 million for the quarter, compared to analysts’ expectations of $778.00 million. During the same quarter last year, the firm posted $0.50 earnings per share. Ares Capital’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, research analysts predict that Ares Capital Corporation will post 1.91 EPS for the current fiscal year.

Ares Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Monday, June 15th. Ares Capital’s payout ratio is presently 117.79%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ares Capital in a report on Tuesday, June 9th. B. Riley Financial reduced their price objective on Ares Capital from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Royal Bank Of Canada decreased their price objective on Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Keefe, Bruyette & Woods decreased their price objective on Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Finally, Oppenheimer lowered their target price on Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.65.

About Ares Capital

Ares Capital Corporation (NASDAQ: ARCC) is a publicly traded business development company (BDC) that specializes in providing debt and equity financing solutions to U.S. middle-market companies. As a BDC, Ares Capital offers investors access to a diversified portfolio of tailored credit investments, including senior secured loans, unitranche financing, mezzanine debt and equity co-investments. The firm’s flexible capital structures are designed to support companies seeking growth capital, refinancing or strategic acquisitions.

Through its credit platform, Ares Capital focuses on originations, underwriting and portfolio management across a range of industries, with a particular emphasis on sectors such as healthcare, technology, industrials and business services.