Ares Capital Corp. (NASDAQ:ARCC) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 32,825,486 shares, a growth of 7.3% from the October 14th total of 30,602,015 shares. Based on an average daily trading volume, of 1,987,955 shares, the days-to-cover ratio is currently 16.5 days. Currently, 10.5% of the shares of the company are sold short.

Shares of Ares Capital Corp. (NASDAQ:ARCC) opened at 15.53 on Friday. The stock’s 50 day moving average price is $15.40 and its 200 day moving average price is $15.16. Ares Capital Corp. has a 12 month low of $12.31 and a 12 month high of $16.43.

Ares Capital Corp. (NASDAQ:ARCC) last announced its quarterly earnings results on Wednesday, November 2nd. The investment management company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. Ares Capital Corp. had a return on equity of 9.57% and a net margin of 40.83%. During the same period in the prior year, the company posted $0.41 earnings per share. Analysts expect that Ares Capital Corp. will post $1.57 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be given a $0.38 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $1.52 dividend on an annualized basis and a yield of 9.79%. Ares Capital Corp.’s payout ratio is currently 115.15%.

In related news, insider Mitchell S. Goldstein purchased 6,472 shares of the business’s stock in a transaction that occurred 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 acquisition, the insider now owns 195,358 shares of the company’s stock, valued at $3,018,281.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.57% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Homrich & Berg boosted its position in Ares Capital Corp. by 5.1% in the second quarter. Homrich & Berg now owns 50,582 shares of the investment management company’s stock worth $718,000 after buying an additional 2,449 shares during the last quarter. Confluence Investment Management LLC boosted its position in Ares Capital Corp. by 7.6% in the second quarter. Confluence Investment Management LLC now owns 3,834,909 shares of the investment management company’s stock worth $54,456,000 after buying an additional 271,329 shares during the last quarter. Ancora Inverness LLC boosted its position in Ares Capital Corp. by 23.3% in the second quarter. Ancora Inverness LLC now owns 226,979 shares of the investment management company’s stock worth $3,223,000 after buying an additional 42,840 shares during the last quarter. Freestone Capital Holdings LLC boosted its position in Ares Capital Corp. by 159.6% in the second quarter. Freestone Capital Holdings LLC now owns 418,185 shares of the investment management company’s stock worth $5,938,000 after buying an additional 257,104 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC boosted its position in Ares Capital Corp. by 29.9% in the second quarter. Morgan Dempsey Capital Management LLC now owns 175,425 shares of the investment management company’s stock worth $2,491,000 after buying an additional 40,384 shares during the last quarter. 50.27% of the stock is owned by institutional investors.

A number of equities research analysts recently issued reports on the company. Janney Montgomery Scott assumed coverage on Ares Capital Corp. in a research note on Monday, October 31st. They issued a “neutral” rating and a $16.50 price objective on the stock. JMP Securities boosted their price objective on Ares Capital Corp. from $16.00 to $17.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 9th. Jefferies Group restated a “buy” rating and issued a $17.50 price objective on shares of Ares Capital Corp. in a research note on Tuesday, October 25th. Keefe, Bruyette & Woods boosted their price objective on Ares Capital Corp. from $17.00 to $17.50 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Finally, National Securities restated a “neutral” rating and issued a $16.00 price objective on shares of Ares Capital Corp. in a research note on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.69.

About Ares Capital Corp.

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.

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