Trinity Financial Advisors LLC Acquires 35,645 Shares of Ares Capital Corporation $ARCC

Trinity Financial Advisors LLC raised its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 10.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 374,036 shares of the investment management company’s stock after purchasing an additional 35,645 shares during the period. Ares Capital makes up approximately 1.8% of Trinity Financial Advisors LLC’s portfolio, making the stock its 16th biggest holding. Trinity Financial Advisors LLC owned about 0.05% of Ares Capital worth $6,931,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARCC. AQR Capital Management LLC boosted its position in shares of Ares Capital by 6.5% during the first quarter. AQR Capital Management LLC now owns 16,502 shares of the investment management company’s stock valued at $365,000 after buying an additional 1,000 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Ares Capital in the 1st quarter valued at $273,000. Goldman Sachs Group Inc. lifted its stake in Ares Capital by 14.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,835,007 shares of the investment management company’s stock valued at $62,824,000 after acquiring an additional 358,829 shares in the last quarter. Empowered Funds LLC lifted its stake in Ares Capital by 139.9% during the 1st quarter. Empowered Funds LLC now owns 27,655 shares of the investment management company’s stock valued at $613,000 after acquiring an additional 16,128 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Ares Capital during the 1st quarter worth $14,766,000. 27.38% of the stock is owned by institutional investors.

Ares Capital Price Performance

ARCC opened at $19.65 on Wednesday. The firm has a market cap of $14.11 billion, a P/E ratio of 14.56 and a beta of 0.56. The firm has a 50-day moving average of $18.70 and a 200 day moving average of $18.88. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.28 and a current ratio of 1.28. Ares Capital Corporation has a fifty-two week low of $17.40 and a fifty-two week high of $22.76.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings data on Wednesday, July 29th. The investment management company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $768.00 million for the quarter, compared to analyst estimates of $770.19 million. Ares Capital had a net margin of 30.91% and a return on equity of 9.80%. During the same quarter in the previous year, the firm posted $0.50 earnings per share. On average, research analysts expect that Ares Capital Corporation will post 1.9 EPS for the current year.

Ares Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.92 annualized dividend and a yield of 9.8%. Ares Capital’s dividend payout ratio is presently 142.22%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ARCC. Royal Bank Of Canada reduced their target price on shares of Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Wall Street Zen cut shares of Ares Capital from a “hold” rating to a “sell” rating in a report on Sunday. Citizens Jmp reduced their price objective on shares of Ares Capital from $23.00 to $22.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods dropped their target price on shares of Ares Capital from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. cut their target price on Ares Capital from $19.00 to $18.50 and set an “overweight” rating on the stock in a research note on Thursday, July 2nd. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Ares Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.40.

Ares Capital 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.