LSV Asset Management grew its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 8.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 608,450 shares of the investment management company’s stock after acquiring an additional 46,100 shares during the period. LSV Asset Management’s holdings in Ares Capital Corporation were worth $9,966,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ARCC. Muzinich & Co. Inc. lifted its position in shares of Ares Capital Corporation by 67.0% during the 1st quarter. Muzinich & Co. Inc. now owns 13,549,229 shares of the investment management company’s stock valued at $235,486,000 after acquiring an additional 5,436,225 shares during the last quarter. Principal Financial Group Inc. raised its stake in Ares Capital Corporation by 174.6% during the 2nd quarter. Principal Financial Group Inc. now owns 5,725,346 shares of the investment management company’s stock valued at $93,782,000 after purchasing an additional 3,640,124 shares during the period. Columbia Wanger Asset Management LLC raised its stake in Ares Capital Corporation by 59.4% during the 1st quarter. Columbia Wanger Asset Management LLC now owns 2,267,080 shares of the investment management company’s stock valued at $39,402,000 after purchasing an additional 844,441 shares during the period. Ares Management LLC raised its stake in Ares Capital Corporation by 55.2% during the 1st quarter. Ares Management LLC now owns 2,289,247 shares of the investment management company’s stock valued at $39,787,000 after purchasing an additional 814,552 shares during the period. Finally, Clearbridge Investments LLC raised its stake in Ares Capital Corporation by 31.9% during the 1st quarter. Clearbridge Investments LLC now owns 3,004,000 shares of the investment management company’s stock valued at $52,210,000 after purchasing an additional 725,980 shares during the period. Institutional investors own 45.88% of the company’s stock.

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ARCC has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Ares Capital Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.50 target price on shares of Ares Capital Corporation in a research note on Friday, June 16th. BidaskClub raised shares of Ares Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. TheStreet downgraded shares of Ares Capital Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, June 14th. Finally, BMO Capital Markets reissued a “hold” rating and set a $15.00 target price on shares of Ares Capital Corporation in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Ares Capital Corporation currently has an average rating of “Hold” and a consensus target price of $18.06.

Ares Capital Corporation (NASDAQ ARCC) opened at 15.74 on Friday. The stock has a 50 day moving average of $16.14 and a 200-day moving average of $16.72. Ares Capital Corporation has a 1-year low of $15.01 and a 1-year high of $17.87.

Ares Capital Corporation (NASDAQ:ARCC) last posted its quarterly earnings data on Wednesday, August 2nd. The investment management company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $284.00 million during the quarter, compared to the consensus estimate of $297.77 million. Ares Capital Corporation had a net margin of 44.61% and a return on equity of 8.95%. During the same period in the prior year, the firm posted $0.50 earnings per share. Equities research analysts predict that Ares Capital Corporation will post $1.40 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 9.66%. Ares Capital Corporation’s dividend payout ratio is currently 117.83%.

Ares Capital Corporation 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.

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Institutional Ownership by Quarter for Ares Capital Corporation (NASDAQ:ARCC)

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