Shares of Ares Capital Corp. (NASDAQ:ARCC) have been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $16.67.

ARCC has been the subject of a number of research reports. Zacks Investment Research cut Ares Capital Corp. from a “hold” rating to a “sell” rating in a report on Monday, July 18th. JMP Securities boosted their target price on Ares Capital Corp. from $16.00 to $17.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 9th. Jefferies Group reiterated a “buy” rating and set a $17.50 target price on shares of Ares Capital Corp. in a report on Thursday, August 4th. National Securities initiated coverage on Ares Capital Corp. in a report on Tuesday, June 28th. They set a “neutral” rating and a $16.00 target price for the company. Finally, Keefe, Bruyette & Woods boosted their target price on Ares Capital Corp. from $17.00 to $17.50 and gave the stock an “outperform” rating in a report on Thursday, August 4th.

In other Ares Capital Corp. news, insider Mitchell S. Goldstein bought 6,472 shares of the business’s stock in a transaction on Monday, August 15th. The shares were bought at an average cost of $15.45 per share, with a total value of $99,992.40. Following the transaction, the insider now directly owns 195,358 shares in the company, valued at approximately $3,018,281.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.57% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. Capital Investment Advisors LLC raised its position in shares of Ares Capital Corp. by 6.8% in the third quarter. Capital Investment Advisors LLC now owns 25,388 shares of the investment management company’s stock worth $394,000 after buying an additional 1,615 shares during the last quarter. Ipswich Investment Management Co. Inc. raised its position in shares of Ares Capital Corp. by 3.0% in the third quarter. Ipswich Investment Management Co. Inc. now owns 10,310 shares of the investment management company’s stock worth $160,000 after buying an additional 300 shares during the last quarter. Chesley Taft & Associates LLC raised its position in shares of Ares Capital Corp. by 2.4% in the third quarter. Chesley Taft & Associates LLC now owns 51,075 shares of the investment management company’s stock worth $792,000 after buying an additional 1,200 shares during the last quarter. Koshinski Asset Management Inc. raised its position in shares of Ares Capital Corp. by 5.9% in the third quarter. Koshinski Asset Management Inc. now owns 23,391 shares of the investment management company’s stock worth $363,000 after buying an additional 1,300 shares during the last quarter. Finally, Reliance Trust Co. of Delaware raised its position in shares of Ares Capital Corp. by 16.3% in the third quarter. Reliance Trust Co. of Delaware now owns 20,097 shares of the investment management company’s stock worth $312,000 after buying an additional 2,810 shares during the last quarter. 49.37% of the stock is currently owned by institutional investors.

Shares of Ares Capital Corp. (NASDAQ:ARCC) traded up 0.886% during trading on Wednesday, reaching $15.365. 837,720 shares of the company’s stock traded hands. Ares Capital Corp. has a 1-year low of $12.31 and a 1-year high of $16.43. The company has a 50 day moving average price of $15.64 and a 200 day moving average price of $15.12.

Ares Capital Corp. (NASDAQ:ARCC) last issued its earnings results on Wednesday, August 3rd. The investment management company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. Ares Capital Corp. had a return on equity of 9.44% and a net margin of 41.39%. During the same quarter in the previous year, the company posted $0.37 earnings per share. Equities analysts forecast that Ares Capital Corp. will post $1.53 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.98%. The ex-dividend date of this dividend was Tuesday, September 13th. Ares Capital Corp.’s payout ratio is 113.43%.

Ares Capital Corp. Company Profile

Ares Capital Corporation is a specialty finance company that is a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. The Company invests primarily in the United States middle-market companies.

5 Day Chart for NASDAQ:ARCC

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