Ares Capital Co. (NASDAQ:ARCC) Shares Sold by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. reduced its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,078 shares of the investment management company’s stock after selling 2,892 shares during the period. Duncker Streett & Co. Inc.’s holdings in Ares Capital were worth $1,504,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ARCC. Cibc World Market Inc. increased its stake in Ares Capital by 23.8% during the 1st quarter. Cibc World Market Inc. now owns 82,913 shares of the investment management company’s stock worth $1,737,000 after buying an additional 15,957 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of Ares Capital by 59.1% in the first quarter. Moors & Cabot Inc. now owns 30,205 shares of the investment management company’s stock valued at $633,000 after purchasing an additional 11,226 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of Ares Capital by 26.2% in the first quarter. Baird Financial Group Inc. now owns 513,554 shares of the investment management company’s stock valued at $10,759,000 after purchasing an additional 106,704 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Ares Capital in the first quarter valued at approximately $897,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Ares Capital by 70.2% in the first quarter. Parkside Financial Bank & Trust now owns 4,595 shares of the investment management company’s stock valued at $96,000 after purchasing an additional 1,895 shares in the last quarter. 27.38% of the stock is currently owned by hedge funds and other institutional investors.

Ares Capital Stock Up 0.7 %

Shares of NASDAQ ARCC traded up $0.14 during mid-day trading on Wednesday, hitting $20.38. The company had a trading volume of 441,781 shares, compared to its average volume of 3,640,140. The company has a market capitalization of $12.37 billion, a PE ratio of 7.58 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.24 and a quick ratio of 1.24. Ares Capital Co. has a 1-year low of $17.53 and a 1-year high of $20.86. The business’s 50-day simple moving average is $20.29 and its 200 day simple moving average is $19.93.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings data on Wednesday, February 7th. The investment management company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $707.00 million for the quarter, compared to analysts’ expectations of $669.78 million. Ares Capital had a return on equity of 12.50% and a net margin of 58.22%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. On average, analysts predict that Ares Capital Co. will post 2.35 earnings per share for the current year.

Ares Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.42%. Ares Capital’s payout ratio is 71.91%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ARCC. Wells Fargo & Company upped their price target on Ares Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. B. Riley lowered Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research report on Monday, January 8th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $21.00 price objective on shares of Ares Capital in a research report on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.80.

Ares Capital Profile

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.