IPG Investment Advisors LLC Boosts Stock Position in Ares Capital Co. (NASDAQ:ARCC)

IPG Investment Advisors LLC boosted its holdings in shares of Ares Capital Co. (NASDAQ:ARCC) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,829 shares of the investment management company’s stock after purchasing an additional 1,300 shares during the quarter. IPG Investment Advisors LLC’s holdings in Ares Capital were worth $303,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ARCC. Cyndeo Wealth Partners LLC raised its position in Ares Capital by 2.3% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 19,148 shares of the investment management company’s stock valued at $419,000 after purchasing an additional 430 shares during the period. Fiduciary Group LLC lifted its position in Ares Capital by 2.3% in the fourth quarter. Fiduciary Group LLC now owns 21,851 shares of the investment management company’s stock worth $478,000 after buying an additional 500 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in Ares Capital by 0.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 56,182 shares of the investment management company’s stock worth $1,230,000 after buying an additional 512 shares during the period. Western Financial Corp CA increased its position in Ares Capital by 2.2% during the fourth 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 last quarter. Finally, Koshinski Asset Management Inc. raised its stake in shares of Ares Capital by 1.6% in the fourth quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company’s stock valued at $812,000 after acquiring an additional 567 shares during the period. Institutional investors own 27.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ARCC shares. Keefe, Bruyette & Woods upped their price target on shares of Ares Capital from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, February 7th. StockNews.com downgraded Ares Capital from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Wells Fargo & Company dropped their price objective on Ares Capital from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Royal Bank of Canada increased their target price on Ares Capital from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Raymond James lowered shares of Ares Capital from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.94.

Ares Capital Trading Down 1.1 %

NASDAQ:ARCC opened at $22.11 on Friday. 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 firm has a 50-day simple moving average of $22.80 and a 200-day simple moving average of $21.98. Ares Capital Co. has a one year low of $19.32 and a one year high of $23.84. The firm has a market cap of $15.13 billion, a P/E ratio of 9.02 and a beta of 1.00.

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

Ares Capital Announces Dividend

The company 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 $0.48 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 8.68%. Ares Capital’s dividend payout ratio is presently 78.37%.

Ares Capital 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.