Madison Park Capital Advisors LLC Acquires Shares of 10,000 Ares Capital Co. (NASDAQ:ARCC)

Madison Park Capital Advisors LLC acquired a new stake in shares of Ares Capital Co. (NASDAQ:ARCC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the investment management company’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Ares Capital in the third quarter valued at about $25,000. Cape Investment Advisory Inc. raised its position in shares of Ares Capital by 411.0% in the third quarter. Cape Investment Advisory Inc. now owns 1,952 shares of the investment management company’s stock valued at $38,000 after buying an additional 1,570 shares during the last quarter. Activest Wealth Management raised its position in shares of Ares Capital by 137.2% in the fourth quarter. Activest Wealth Management now owns 2,142 shares of the investment management company’s stock valued at $43,000 after buying an additional 1,239 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC raised its position in shares of Ares Capital by 59.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 2,351 shares of the investment management company’s stock valued at $47,000 after buying an additional 875 shares during the last quarter. Finally, CVA Family Office LLC acquired a new stake in shares of Ares Capital in the fourth quarter valued at about $51,000. 27.38% of the stock is owned by hedge funds and other institutional investors.

Ares Capital Trading Up 0.4 %

Ares Capital stock traded up $0.08 during midday trading on Tuesday, hitting $20.74. 2,077,675 shares of the stock were exchanged, compared to its average volume of 3,593,205. Ares Capital Co. has a fifty-two week low of $17.53 and a fifty-two week high of $20.86. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 7.77 and a beta of 1.00. The stock’s 50-day simple moving average is $20.33 and its 200 day simple moving average is $19.99. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.06.

Ares Capital (NASDAQ:ARCC) last announced its earnings results on Wednesday, February 7th. The investment management company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $707.00 million during the quarter, compared to analyst estimates of $669.78 million. Ares Capital had a net margin of 58.22% and a return on equity of 12.50%. Ares Capital’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. On average, equities analysts anticipate that Ares Capital Co. will post 2.35 EPS for the current year.

Ares Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.26%. The ex-dividend date of this dividend was Thursday, March 14th. Ares Capital’s payout ratio is 71.91%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ARCC. Wells Fargo & Company increased their target price on shares of Ares Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. JMP Securities restated a “market outperform” rating and set a $21.00 price objective on shares of Ares Capital in a research report on Tuesday, March 26th. Finally, B. Riley cut shares of Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research report on Monday, January 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Ares Capital presently has an average rating of “Hold” and an average target price of $20.80.

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.