Ares Capital Corporation $ARCC Holdings Trimmed by MBL Wealth LLC

MBL Wealth LLC lowered its position in shares of Ares Capital Corporation (NASDAQ:ARCC) by 21.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,316 shares of the investment management company’s stock after selling 5,000 shares during the quarter. MBL Wealth LLC’s holdings in Ares Capital were worth $402,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ARCC. Elequin Capital LP bought a new position in Ares Capital during the first quarter valued at about $30,000. Continuum Advisory LLC boosted its stake in Ares Capital by 320.7% during the first quarter. Continuum Advisory LLC now owns 1,628 shares of the investment management company’s stock valued at $36,000 after buying an additional 1,241 shares in the last quarter. Wolff Wiese Magana LLC bought a new position in Ares Capital during the second quarter valued at about $40,000. Investment Management Corp VA ADV boosted its position in shares of Ares Capital by 193.9% in the 1st quarter. Investment Management Corp VA ADV now owns 1,828 shares of the investment management company’s stock valued at $41,000 after purchasing an additional 1,206 shares during the period. Finally, PSI Advisors LLC boosted its position in shares of Ares Capital by 121.1% in the 1st quarter. PSI Advisors LLC now owns 2,100 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 1,150 shares during the period. Institutional investors own 27.38% of the company’s stock.

Ares Capital Stock Down 1.2%

Shares of ARCC stock opened at $20.15 on Friday. The stock’s 50 day simple moving average is $21.91 and its 200 day simple moving average is $21.71. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.14 and a current ratio of 1.14. Ares Capital Corporation has a twelve month low of $18.26 and a twelve month high of $23.84. The company has a market capitalization of $14.21 billion, a price-to-earnings ratio of 9.83 and a beta of 0.68.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Tuesday, July 29th. The investment management company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Ares Capital had a net margin of 44.94% and a return on equity of 10.48%. The company had revenue of $614.00 million during the quarter, compared to the consensus estimate of $748.76 million. During the same period in the previous year, the business posted $0.61 earnings per share. As a group, research analysts predict that Ares Capital Corporation will post 2.19 EPS for the current year.

Ares Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend was Monday, September 15th. Ares Capital’s payout ratio is currently 93.66%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wall Street Zen upgraded Ares Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. B. Riley upgraded Ares Capital from a “neutral” rating to a “buy” rating and increased their price target for the company from $22.50 to $23.50 in a research report on Wednesday, July 30th. JMP Securities set a $23.00 price target on Ares Capital and gave the company a “market outperform” rating in a research report on Thursday, July 31st. Keefe, Bruyette & Woods increased their price target on Ares Capital from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company increased their price target on Ares Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Ares Capital has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

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.