64,500 Shares in Ares Capital Corporation $ARCC Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in Ares Capital Corporation (NASDAQ:ARCC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 64,500 shares of the investment management company’s stock, valued at approximately $1,305,000.

Other hedge funds have also added to or reduced their stakes in the company. SHP Wealth Management bought a new stake in Ares Capital during the fourth quarter worth $42,000. Sankala Group LLC purchased a new position in Ares Capital during the 4th quarter worth $28,000. Clearwave Capital LLC purchased a new position in Ares Capital during the 4th quarter worth $306,000. Astoria Portfolio Advisors LLC. grew its stake in shares of Ares Capital by 5.9% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 10,616 shares of the investment management company’s stock worth $202,000 after acquiring an additional 592 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Ares Capital in the 4th quarter worth $1,671,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Trading Up 0.7%

Shares of ARCC stock opened at $18.66 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.13. The firm has a market cap of $13.40 billion, a P/E ratio of 11.45 and a beta of 0.56. The company has a 50 day moving average of $18.70 and a 200-day moving average of $19.13. Ares Capital Corporation has a 12-month low of $17.40 and a 12-month high of $23.42.

Ares Capital (NASDAQ:ARCC) last issued its earnings results on Tuesday, April 28th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). Ares Capital had a net margin of 37.30% and a return on equity of 9.85%. The firm had revenue of $763.00 million during the quarter, compared to the consensus estimate of $778.00 million. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that Ares Capital Corporation will post 1.91 earnings per share for the current year.

Ares Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.92 annualized dividend and a yield of 10.3%. Ares Capital’s dividend payout ratio (DPR) is 117.79%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wells Fargo & Company reissued an “equal weight” rating and set a $19.00 price target (down from $20.00) on shares of Ares Capital in a research report on Friday, June 12th. B. Riley Financial decreased their price objective on shares of Ares Capital from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods decreased their price target on Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Citizens Jmp dropped their price target on Ares Capital from $23.00 to $22.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ares Capital in a research report on Tuesday, June 9th. Eight 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, Ares Capital presently has a consensus rating of “Moderate Buy” and an average price target of $20.65.

Ares Capital Company Profile

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.