Ameriprise Financial Inc. lifted its holdings in Ares Capital Corporation (NASDAQ:ARCC) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,495,584 shares of the investment management company’s stock after buying an additional 78,599 shares during the quarter. Ameriprise Financial Inc.’s holdings in Ares Capital Corporation were worth $90,020,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Round Table Services LLC boosted its stake in Ares Capital Corporation by 0.4% in the 2nd quarter. Round Table Services LLC now owns 10,225 shares of the investment management company’s stock worth $167,000 after purchasing an additional 39 shares in the last quarter. Alpha Omega Wealth Management LLC boosted its stake in Ares Capital Corporation by 1.7% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 12,184 shares of the investment management company’s stock worth $200,000 after purchasing an additional 199 shares in the last quarter. Hudock Capital Group LLC boosted its stake in Ares Capital Corporation by 3.2% in the 2nd quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock worth $106,000 after purchasing an additional 200 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its stake in Ares Capital Corporation by 2.0% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 13,472 shares of the investment management company’s stock worth $221,000 after purchasing an additional 260 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Ares Capital Corporation by 0.9% in the 1st quarter. Sei Investments Co. now owns 46,475 shares of the investment management company’s stock worth $808,000 after purchasing an additional 407 shares in the last quarter. 45.01% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on ARCC. BidaskClub cut shares of Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. TheStreet upgraded shares of Ares Capital Corporation from a “c+” rating to a “b” rating in a research note on Monday, August 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.50 price target on shares of Ares Capital Corporation in a research note on Friday, June 16th. BMO Capital Markets reiterated a “hold” rating and issued a $15.00 price target on shares of Ares Capital Corporation in a research note on Friday, August 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $19.50 price target on shares of Ares Capital Corporation in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Ares Capital Corporation currently has an average rating of “Hold” and a consensus price target of $18.06.

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

Ares Capital Corporation (NASDAQ:ARCC) last issued its quarterly earnings results on Wednesday, August 2nd. The investment management company reported $0.34 earnings per share 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 business had revenue of $284.00 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 forecast that Ares Capital Corporation will post $1.40 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.66%. The ex-dividend date is Thursday, September 14th. Ares Capital Corporation’s dividend payout ratio (DPR) is 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.

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

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