10,618 Shares in Ares Capital Co. (NASDAQ:ARCC) Acquired by Security National Bank

Security National Bank bought a new position in Ares Capital Co. (NASDAQ:ARCC) in the third quarter, Holdings Channel reports. The firm bought 10,618 shares of the investment management company’s stock, valued at approximately $216,000.

Other hedge funds also recently added to or reduced their stakes in the company. Keel Point LLC acquired a new stake in Ares Capital in the 2nd quarter worth approximately $752,000. Meeder Asset Management Inc. acquired a new stake in Ares Capital during the 2nd quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Ares Capital during the 2nd quarter valued at approximately $33,000. CVA Family Office LLC acquired a new stake in Ares Capital during the 3rd quarter valued at approximately $39,000. Finally, Perkins Coie Trust Co lifted its stake in Ares Capital by 591.7% during the 2nd quarter. Perkins Coie Trust Co now owns 4,676 shares of the investment management company’s stock valued at $92,000 after acquiring an additional 4,000 shares during the period. Institutional investors own 29.40% of the company’s stock.

NASDAQ ARCC traded up $0.09 on Thursday, hitting $20.63. The company had a trading volume of 1,345,839 shares, compared to its average volume of 2,078,003. The company has a market capitalization of $9.51 billion, a PE ratio of 5.76 and a beta of 1.12. The company’s fifty day moving average price is $20.79 and its 200-day moving average price is $20.13. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.34 and a quick ratio of 2.34. Ares Capital Co. has a 12-month low of $16.17 and a 12-month high of $21.74.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings results on Monday, October 25th. The investment management company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. Ares Capital had a net margin of 90.29% and a return on equity of 10.96%. The company had revenue of $442.00 million during the quarter, compared to analyst estimates of $431.01 million. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, sell-side analysts anticipate that Ares Capital Co. will post 1.9 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 30th. Shareholders of record on Wednesday, December 15th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, December 14th. This represents a $1.64 annualized dividend and a yield of 7.95%. Ares Capital’s dividend payout ratio (DPR) is presently 45.81%.

ARCC has been the subject of several recent research reports. Zacks Investment Research lowered shares of Ares Capital from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a report on Friday, October 29th. Wells Fargo & Company lifted their target price on shares of Ares Capital from $22.00 to $22.75 and gave the company an “overweight” rating in a report on Monday, October 25th. Citigroup lifted their target price on shares of Ares Capital from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, November 2nd. Royal Bank of Canada lifted their target price on shares of Ares Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, July 30th. Finally, Raymond James lifted their target price on shares of Ares Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, October 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $21.22.

About Ares Capital

Ares Capital Corp is a closed-end non-diversified management investment company. The fund targets companies operating in the fields of Health Care Services, Software & Services, Consumer Durables & Apparel, Energy, Food & Beverage, and Retail. It provides financing for buyouts, acquisitions, recapitalizations, restructurings, rescue financing, growth capital and general refinancing.

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Institutional Ownership by Quarter for Ares Capital (NASDAQ:ARCC)

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