Ares Capital Corp. (NASDAQ:ARCC) has earned an average rating of “Hold” from the nine brokerages that are covering the firm. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $16.70.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Ares Capital Corp. from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, November 22nd. National Securities reaffirmed a “neutral” rating and set a $16.00 target price on shares of Ares Capital Corp. in a research report on Thursday, August 4th. Janney Montgomery Scott started coverage on Ares Capital Corp. in a research report on Monday, October 31st. They set a “neutral” rating and a $16.50 target price for the company. Keefe, Bruyette & Woods raised their target price on Ares Capital Corp. from $17.00 to $17.50 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Ares Capital Corp. in a research report on Thursday, November 3rd.

A number of large investors have recently made changes to their positions in ARCC. FMR LLC raised its stake in shares of Ares Capital Corp. by 0.6% in the second quarter. FMR LLC now owns 8,957,478 shares of the investment management company’s stock valued at $127,197,000 after buying an additional 57,085 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in Ares Capital Corp. by 14.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,873,681 shares of the investment management company’s stock worth $83,407,000 after buying an additional 719,550 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in Ares Capital Corp. by 161.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 4,975,000 shares of the investment management company’s stock worth $77,113,000 after buying an additional 3,075,000 shares during the last quarter. Confluence Investment Management LLC raised its position in Ares Capital Corp. by 9.6% in the third quarter. Confluence Investment Management LLC now owns 4,202,302 shares of the investment management company’s stock worth $65,136,000 after buying an additional 367,393 shares during the last quarter. Finally, Muzinich & Co. Inc. raised its position in Ares Capital Corp. by 158.2% in the third quarter. Muzinich & Co. Inc. now owns 3,606,602 shares of the investment management company’s stock worth $55,902,000 after buying an additional 2,209,623 shares during the last quarter. 52.31% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Ares Capital Corp. (ARCC) Receives Average Recommendation of “Hold” from Analysts” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/28/ares-capital-corp-arcc-receives-average-recommendation-of-hold-from-analysts.html.

Shares of Ares Capital Corp. (NASDAQ:ARCC) opened at 16.24 on Wednesday. The company’s 50-day moving average is $15.45 and its 200 day moving average is $15.19. Ares Capital Corp. has a 52-week low of $12.31 and a 52-week high of $16.43.

Ares Capital Corp. (NASDAQ:ARCC) last issued its quarterly earnings data on Wednesday, November 2nd. The investment management company reported $0.43 earnings per share 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 quarter in the previous year, the firm posted $0.41 EPS. On average, analysts predict that Ares Capital Corp. will post $1.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 9.36%. The ex-dividend date is Tuesday, December 13th. Ares Capital Corp.’s dividend payout ratio (DPR) is currently 115.15%.

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.

5 Day Chart for NASDAQ:ARCC

Receive News & Stock Ratings for Ares Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Capital Corp. and related stocks with our FREE daily email newsletter.