Founders Financial Alliance LLC Has $606,000 Stake in Ares Capital Co. (NASDAQ:ARCC)

Founders Financial Alliance LLC reduced its holdings in shares of Ares Capital Co. (NASDAQ:ARCC) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,665 shares of the investment management company’s stock after selling 451 shares during the quarter. Founders Financial Alliance LLC’s holdings in Ares Capital were worth $606,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cyndeo Wealth Partners LLC boosted its stake in shares of Ares Capital by 2.3% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 19,148 shares of the investment management company’s stock valued at $419,000 after buying an additional 430 shares during the period. Sheaff Brock Investment Advisors LLC raised its holdings in Ares Capital by 0.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 56,182 shares of the investment management company’s stock valued at $1,230,000 after acquiring an additional 512 shares in the last quarter. Western Financial Corp CA lifted its position in shares of Ares Capital by 2.2% during the 4th quarter. Western Financial Corp CA now owns 26,387 shares of the investment management company’s stock valued at $578,000 after acquiring an additional 564 shares during the period. Koshinski Asset Management Inc. grew its holdings in shares of Ares Capital by 1.6% during the 4th quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company’s stock worth $812,000 after purchasing an additional 567 shares in the last quarter. Finally, Tyche Wealth Partners LLC increased its position in shares of Ares Capital by 3.6% in the fourth quarter. Tyche Wealth Partners LLC now owns 16,455 shares of the investment management company’s stock worth $360,000 after purchasing an additional 578 shares during the period. 27.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ARCC shares. StockNews.com cut shares of Ares Capital from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Royal Bank of Canada upped their price target on shares of Ares Capital from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on shares of Ares Capital from $23.00 to $24.50 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Wells Fargo & Company cut their target price on Ares Capital from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Raymond James lowered Ares Capital from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.94.

Ares Capital Stock Down 2.4 %

Shares of ARCC opened at $22.45 on Tuesday. The stock has a market capitalization of $15.07 billion, a price-to-earnings ratio of 9.16 and a beta of 1.00. Ares Capital Co. has a 52 week low of $19.32 and a 52 week high of $23.84. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a fifty day moving average of $22.92 and a 200-day moving average of $21.89.

Ares Capital (NASDAQ:ARCC) last posted its earnings results on Wednesday, February 5th. The investment management company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). Ares Capital had a net margin of 50.90% and a return on equity of 11.54%. As a group, sell-side analysts anticipate that Ares Capital Co. will post 2.19 earnings per share for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date is Friday, March 14th. Ares Capital’s payout ratio is 78.37%.

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.