Ares Capital Corporation $ARCC Shares Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR increased its holdings in Ares Capital Corporation (NASDAQ:ARCC – Free Report) by 5.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,950,908 shares of the investment management company’s stock after buying an additional 402,913 shares during the period. Ares Capital comprises approximately 2.6% of Generali Asset Management SPA SGR’s investment portfolio, making the stock its 5th biggest holding. Generali Asset Management SPA SGR’s holdings in Ares Capital were worth $151,862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp increased its holdings in shares of Ares Capital by 22.2% in the 2nd quarter. Van ECK Associates Corp now owns 13,306,095 shares of the investment management company’s stock valued at $246,562,000 after acquiring an additional 2,418,984 shares during the period. Strs Ohio bought a new position in shares of Ares Capital in the 1st quarter worth $189,210,000. Bank of America Corp DE purchased a new stake in shares of Ares Capital during the 2nd quarter worth $165,569,000. Legal & General Group Plc purchased a new stake in shares of Ares Capital during the 2nd quarter worth $120,538,000. Finally, HighTower Advisors LLC lifted its stake in shares of Ares Capital by 9.5% during the 2nd quarter. HighTower Advisors LLC now owns 3,870,130 shares of the investment management company’s stock worth $71,714,000 after purchasing an additional 335,197 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

More Ares Capital News

Here are the key news stories impacting Ares Capital this week:

• Positive Sentiment: $2.6 billion MFIC acquisition could enhance scale: Ares Capital agreed to acquire Apollo-affiliated MidCap Financial Investment Corporation (NASDAQ: MFIC) in a stock-and-cash transaction. The deal is expected to strengthen ARCC’s position as the largest publicly traded business development company, diversify its portfolio and potentially increase core earnings per share. Closing is targeted for the first half of 2027, subject to shareholder and regulatory approval. Ares Capital Corporation Agrees to Acquire MidCap Financial Investment Corporation
• Positive Sentiment: Dividend remains steady: ARCC declared a fourth-quarter dividend of $0.48 per share, payable December 29 to shareholders of record December 15. The unchanged payout supports the stock’s income appeal, although investors may focus on its coverage after the earnings release. Ares Capital dividend announcement
• Neutral Sentiment: Potential transaction-related concerns: A law firm announced an investigation into whether MFIC’s board satisfied its fiduciary duties in approving the sale. The announcement does not allege wrongdoing by ARCC, but additional scrutiny could create execution or timing risks for the acquisition. MFIC shareholder investigation
• Negative Sentiment: Third-quarter results missed expectations: Core earnings per share were $0.46 versus the $0.48 consensus estimate, while revenue of $763 million fell short of the $776.34 million forecast and declined 2.4% year over year. Earnings also decreased from $0.50 per share a year earlier. Reports attributed the pressure partly to a slower transaction environment, raising questions about near-term earnings and dividend coverage. Ares Capital Q3 earnings miss

Wall Street Analysts Forecast Growth

ARCC has been the topic of a number of recent research reports. UBS Group raised their price objective on Ares Capital from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, September 1st. Keefe, Bruyette & Woods decreased their price target on shares of Ares Capital from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. JPMorgan Chase & Co. lowered their price target on shares of Ares Capital from $19.00 to $18.50 and set an “overweight” rating on the stock in a report on Thursday, July 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Ares Capital in a report on Friday, September 4th. Finally, Truist Financial cut their price objective on shares of Ares Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.39.

Read Our Latest Stock Report on ARCC

Ares Capital Price Performance

Ares Capital stock opened at $18.51 on Wednesday. Ares Capital Corporation has a 1-year low of $17.40 and a 1-year high of $21.14. The business has a fifty day moving average price of $19.27 and a 200-day moving average price of $19.06.

Ares Capital (NASDAQ:ARCC – Get Free Report) last announced its earnings results on Tuesday, October 27th. The investment management company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The company had revenue of $763.00 million during the quarter, compared to analysts’ expectations of $776.34 million. During the same quarter last year, the business posted $0.50 EPS. Ares Capital’s revenue was down 2.4% compared to the same quarter last year. Research analysts anticipate that Ares Capital Corporation will post 1.91 EPS for the current fiscal year.

Ares Capital Profile

(Free Report)

Ares Capital Corporation (NASDAQ: ARCC) is a business development company that provides financing to middle-market companies. The company primarily invests in first-lien senior secured loans, second-lien loans, subordinated debt, and, to a lesser extent, equity securities. Its investments are generally designed to support acquisitions, recapitalizations, refinancings, growth initiatives, and other corporate activities.

Founded in 2004, Ares Capital is externally managed by Ares Capital Management LLC, an affiliate of Ares Management Corporation.

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