Nomura Asset Management Co. Ltd. reduced its position in Ares Capital Corporation (NASDAQ:ARCC – Free Report) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,760,158 shares of the investment management company’s stock after selling 90,368 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Ares Capital were worth $35,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the company. Canal Capital Management LLC lifted its stake in shares of Ares Capital by 1.6% in the 4th quarter. Canal Capital Management LLC now owns 32,955 shares of the investment management company’s stock valued at $667,000 after purchasing an additional 520 shares during the period. Perigon Wealth Management LLC lifted its stake in shares of Ares Capital by 1.6% in the 4th quarter. Perigon Wealth Management LLC now owns 34,700 shares of the investment management company’s stock valued at $702,000 after purchasing an additional 547 shares during the period. Balboa Wealth Partners lifted its stake in shares of Ares Capital by 1.3% in the 3rd quarter. Balboa Wealth Partners now owns 44,755 shares of the investment management company’s stock valued at $913,000 after purchasing an additional 559 shares during the period. Diversify Advisory Services LLC lifted its stake in shares of Ares Capital by 2.0% in the 4th quarter. Diversify Advisory Services LLC now owns 28,186 shares of the investment management company’s stock valued at $589,000 after purchasing an additional 563 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Ares Capital by 1.0% in the 3rd quarter. Parallel Advisors LLC now owns 57,092 shares of the investment management company’s stock valued at $1,165,000 after purchasing an additional 567 shares during the period. 27.38% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on ARCC shares. Truist Financial reduced their price objective on shares of Ares Capital from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods reduced their price objective on shares of Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. UBS Group reduced their price objective on shares of Ares Capital from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Wells Fargo & Company reduced their price objective on shares of Ares Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Ares Capital from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.75.
Ares Capital Price Performance
Ares Capital stock opened at $19.07 on Tuesday. Ares Capital Corporation has a 52-week low of $17.40 and a 52-week high of $23.42. The firm has a market capitalization of $13.69 billion, a price-to-earnings ratio of 11.70 and a beta of 0.58. The company has a fifty day simple moving average of $18.57 and a 200-day simple moving average of $19.42. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.13.
Ares Capital (NASDAQ:ARCC – Get Free Report) last released its earnings results on Tuesday, April 28th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Ares Capital had a return on equity of 9.85% and a net margin of 37.30%.The business had revenue of $763.00 million for the quarter, compared to analysts’ expectations of $778.00 million. During the same period in the previous year, the company earned $0.50 EPS. Ares Capital’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Ares Capital Corporation will post 1.91 EPS for the current fiscal year.
Ares Capital Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.1%. Ares Capital’s dividend payout ratio is presently 117.79%.
Ares Capital Profile
Ares Capital Corporation (NASDAQ: ARCC) is a publicly traded business development company (BDC) that specializes in providing debt and equity financing solutions to U.S. middle-market companies. As a BDC, Ares Capital offers investors access to a diversified portfolio of tailored credit investments, including senior secured loans, unitranche financing, mezzanine debt and equity co-investments. The firm’s flexible capital structures are designed to support companies seeking growth capital, refinancing or strategic acquisitions.
Through its credit platform, Ares Capital focuses on originations, underwriting and portfolio management across a range of industries, with a particular emphasis on sectors such as healthcare, technology, industrials and business services.
Featured Articles
- Five stocks we like better than Ares Capital
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
- Drone Stocks Soar As Pentagon Considers Funding, Including a Trump-Linked Name
- Braze Blazes Ahead on Q1 2027 Earnings Beat, Raised Guidance
- Are the 3 Newest Members of the $1 Trillion Market Cap Club the Latest Sign of an AI Bubble?
Want to see what other hedge funds are holding ARCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ares Capital Corporation (NASDAQ:ARCC – Free Report).
Receive News & Ratings for Ares Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Capital and related companies with MarketBeat.com's FREE daily email newsletter.
