BidaskClub cut shares of Ares Capital Corporation (NASDAQ:ARCC) from a sell rating to a strong sell rating in a report published on Tuesday morning.

Other analysts have also recently issued research reports about the company. National Securities reiterated a buy rating and set a $19.00 target price on shares of Ares Capital Corporation in a report on Monday, August 7th. Janney Montgomery Scott reiterated a neutral rating on shares of Ares Capital Corporation in a report on Monday, May 15th. Zacks Investment Research cut Ares Capital Corporation from a hold rating to a sell rating in a report on Wednesday, August 2nd. TheStreet cut Ares Capital Corporation from a b rating to a c+ rating in a report on Wednesday, June 14th. Finally, Keefe, Bruyette & Woods reiterated a buy rating and set a $18.50 target price on shares of Ares Capital Corporation in a report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $18.00.

Shares of Ares Capital Corporation (ARCC) traded down 0.68% during mid-day trading on Tuesday, hitting $16.06. 2,274,665 shares of the stock traded hands. The stock has a 50 day moving average price of $16.39 and a 200-day moving average price of $16.95. Ares Capital Corporation has a one year low of $15.01 and a one year high of $17.87.

Ares Capital Corporation (NASDAQ:ARCC) last issued its earnings results on Wednesday, August 2nd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.02. Ares Capital Corporation had a return on equity of 8.95% and a net margin of 44.61%. The firm had revenue of $284 million for the quarter, compared to analysts’ expectations of $297.77 million. During the same quarter in the previous year, the firm posted $0.50 EPS. Analysts predict that Ares Capital Corporation will post $1.40 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 9.46%. The ex-dividend date of this dividend is Thursday, September 14th. Ares Capital Corporation’s dividend payout ratio (DPR) is presently 117.83%.

A number of institutional investors have recently added to or reduced their stakes in ARCC. V Wealth Management LLC raised its position in Ares Capital Corporation by 13.7% in the first quarter. V Wealth Management LLC now owns 25,645 shares of the investment management company’s stock valued at $446,000 after buying an additional 3,098 shares during the period. Naples Global Advisors LLC raised its position in Ares Capital Corporation by 2.0% in the first quarter. Naples Global Advisors LLC now owns 65,960 shares of the investment management company’s stock valued at $1,146,000 after buying an additional 1,300 shares during the period. James Investment Research Inc. bought a new position in Ares Capital Corporation during the first quarter valued at approximately $351,000. Round Table Services LLC raised its position in Ares Capital Corporation by 0.4% in the first quarter. Round Table Services LLC now owns 10,186 shares of the investment management company’s stock valued at $177,000 after buying an additional 36 shares during the period. Finally, DnB Asset Management AS raised its position in Ares Capital Corporation by 12.0% in the first quarter. DnB Asset Management AS now owns 140,545 shares of the investment management company’s stock valued at $2,443,000 after buying an additional 15,111 shares during the period. 48.34% of the stock is currently owned by hedge funds and other institutional investors.

Ares Capital Corporation Company Profile

Ares Capital Corporation is a specialty finance company. The Company operates as 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. It invests primarily in the United States middle-market companies.

Analyst Recommendations for Ares Capital Corporation (NASDAQ:ARCC)

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