Partners Group Holding AG lifted its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 969,547 shares of the investment management company’s stock after buying an additional 71,500 shares during the period. Ares Capital Corporation comprises about 1.7% of Partners Group Holding AG’s holdings, making the stock its 17th largest position. Partners Group Holding AG’s holdings in Ares Capital Corporation were worth $15,881,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARCC. Penserra Capital Management LLC boosted its holdings in Ares Capital Corporation by 8.9% during the 2nd quarter. Penserra Capital Management LLC now owns 6,439 shares of the investment management company’s stock worth $105,000 after acquiring an additional 526 shares during the last quarter. Hudock Capital Group LLC raised its holdings in shares of Ares Capital Corporation by 3.2% in the second quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock valued at $106,000 after purchasing an additional 200 shares during the last quarter. Ffcm LLC raised its holdings in shares of Ares Capital Corporation by 218.9% in the second quarter. Ffcm LLC now owns 6,840 shares of the investment management company’s stock valued at $113,000 after purchasing an additional 4,695 shares during the last quarter. Global X Management Co. LLC lifted its position in shares of Ares Capital Corporation by 49.4% during the first quarter. Global X Management Co. LLC now owns 8,055 shares of the investment management company’s stock valued at $140,000 after purchasing an additional 2,664 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Ares Capital Corporation by 125.6% during the first quarter. Tower Research Capital LLC TRC now owns 9,415 shares of the investment management company’s stock valued at $164,000 after purchasing an additional 5,241 shares in the last quarter. 45.01% of the stock is owned by institutional investors and hedge funds.

Ares Capital Corporation (NASDAQ ARCC) traded down 0.030% on Tuesday, reaching $16.405. 434,635 shares of the company traded hands. Ares Capital Corporation has a 1-year low of $15.01 and a 1-year high of $17.87. The stock’s 50-day moving average is $16.02 and its 200-day moving average is $16.58.

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 analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $284.00 million for the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $0.50 EPS. On average, equities analysts predict that Ares Capital Corporation will post $1.40 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.38 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 9.26%. Ares Capital Corporation’s payout ratio is 117.83%.

ILLEGAL ACTIVITY NOTICE: This article was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/10/03/partners-group-holding-ag-buys-71500-shares-of-ares-capital-corporation-arcc.html.

Several research firms recently weighed in on ARCC. Keefe, Bruyette & Woods restated a “buy” rating and set a $18.50 price target on shares of Ares Capital Corporation in a report on Friday, June 16th. TheStreet lowered shares of Ares Capital Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, June 14th. BidaskClub upgraded shares of Ares Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Zacks Investment Research cut shares of Ares Capital Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $19.50 target price on shares of Ares Capital Corporation in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $17.95.

About Ares Capital Corporation

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.

Want to see what other hedge funds are holding ARCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ares Capital Corporation (NASDAQ:ARCC).

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

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