Intellectus Partners LLC Raises Stake in Ares Capital Co. (NASDAQ:ARCC)

Intellectus Partners LLC grew its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 61.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,827 shares of the investment management company’s stock after acquiring an additional 14,020 shares during the period. Intellectus Partners LLC’s holdings in Ares Capital were worth $738,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Valeo Financial Advisors LLC raised its holdings in Ares Capital by 95.8% during the third quarter. Valeo Financial Advisors LLC now owns 24,009 shares of the investment management company’s stock worth $467,000 after purchasing an additional 11,750 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of Ares Capital by 7.3% in the third quarter. Linden Thomas Advisory Services LLC now owns 32,987 shares of the investment management company’s stock valued at $642,000 after buying an additional 2,238 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new position in shares of Ares Capital during the 3rd quarter worth $25,000. All Season Financial Advisors Inc. raised its stake in shares of Ares Capital by 5.0% during the 3rd quarter. All Season Financial Advisors Inc. now owns 33,563 shares of the investment management company’s stock worth $653,000 after buying an additional 1,608 shares during the last quarter. Finally, Balboa Wealth Partners boosted its position in shares of Ares Capital by 22.1% in the 3rd quarter. Balboa Wealth Partners now owns 38,055 shares of the investment management company’s stock worth $741,000 after buying an additional 6,900 shares in the last quarter. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Ares Capital Stock Performance

Shares of NASDAQ ARCC opened at $20.78 on Monday. The company has a market cap of $12.61 billion, a PE ratio of 7.78 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 12 month low of $17.53 and a 12 month high of $20.86. The company has a 50-day simple moving average of $20.36 and a 200-day simple moving average of $20.02.

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

Ares Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.48 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 9.24%. Ares Capital’s dividend payout ratio is presently 71.91%.

Analyst Upgrades and Downgrades

ARCC has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on shares of Ares Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. B. Riley downgraded 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 set a $21.00 target price on shares of Ares Capital in a report on Tuesday, March 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Ares Capital presently has a consensus rating of “Hold” and a consensus price target of $20.80.

Ares Capital Company 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.