Stableford Capital II LLC Sells 718 Shares of Ares Capital Corporation $ARCC

Stableford Capital II LLC cut its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,025 shares of the investment management company’s stock after selling 718 shares during the period. Stableford Capital II LLC’s holdings in Ares Capital were worth $1,942,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Aurora Private Wealth Inc. boosted its stake in Ares Capital by 1.5% during the second quarter. Aurora Private Wealth Inc. now owns 28,983 shares of the investment management company’s stock valued at $636,000 after buying an additional 436 shares during the last quarter. Community Trust & Investment Co. raised its holdings in shares of Ares Capital by 0.3% during the 2nd quarter. Community Trust & Investment Co. now owns 150,072 shares of the investment management company’s stock worth $3,296,000 after acquiring an additional 454 shares in the last quarter. Prostatis Group LLC boosted its position in shares of Ares Capital by 2.1% during the 1st quarter. Prostatis Group LLC now owns 21,768 shares of the investment management company’s stock valued at $482,000 after acquiring an additional 457 shares during the last quarter. BankPlus Wealth Management LLC boosted its position in shares of Ares Capital by 2.5% during the 1st quarter. BankPlus Wealth Management LLC now owns 19,809 shares of the investment management company’s stock valued at $439,000 after acquiring an additional 492 shares during the last quarter. Finally, Fiduciary Alliance LLC grew its holdings in shares of Ares Capital by 3.1% in the second quarter. Fiduciary Alliance LLC now owns 17,236 shares of the investment management company’s stock valued at $379,000 after purchasing an additional 516 shares in the last quarter. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ARCC shares. Keefe, Bruyette & Woods increased their price objective on shares of Ares Capital from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Citigroup reaffirmed an “outperform” rating on shares of Ares Capital in a report on Thursday, July 31st. Wells Fargo & Company raised their price objective on Ares Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. B. Riley upgraded Ares Capital from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $22.50 to $23.50 in a report on Wednesday, July 30th. Finally, JMP Securities set a $23.00 price target on Ares Capital and gave the company a “market outperform” rating in a report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.63.

Ares Capital Price Performance

Shares of ARCC stock opened at $20.05 on Thursday. Ares Capital Corporation has a 52-week low of $18.26 and a 52-week high of $23.84. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $14.14 billion, a P/E ratio of 9.78 and a beta of 0.68. The stock has a 50 day moving average price of $21.45 and a 200 day moving average price of $21.58.

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

Ares Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend was Monday, September 15th. Ares Capital’s dividend payout ratio (DPR) is currently 93.66%.

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.