Certuity LLC Buys 626 Shares of Ares Capital Co. (NASDAQ:ARCC)

Certuity LLC boosted its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,491 shares of the investment management company’s stock after acquiring an additional 626 shares during the period. Certuity LLC’s holdings in Ares Capital were worth $370,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ARCC. Cape Investment Advisory Inc. lifted its position in shares of Ares Capital by 411.0% in the third quarter. Cape Investment Advisory Inc. now owns 1,952 shares of the investment management company’s stock valued at $38,000 after acquiring an additional 1,570 shares in the last quarter. Activest Wealth Management raised its position in shares of Ares Capital by 137.2% during the fourth quarter. Activest Wealth Management now owns 2,142 shares of the investment management company’s stock valued at $43,000 after buying an additional 1,239 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC raised its position in shares of Ares Capital by 59.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 2,351 shares of the investment management company’s stock valued at $47,000 after buying an additional 875 shares during the last quarter. CVA Family Office LLC purchased a new position in shares of Ares Capital in the fourth quarter worth $51,000. Finally, Morton Brown Family Wealth LLC bought a new position in shares of Ares Capital during the fourth quarter worth $54,000. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Analysts Set New Price Targets

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

Ares Capital Stock Performance

Shares of Ares Capital stock opened at $20.85 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.06. Ares Capital Co. has a 12 month low of $17.53 and a 12 month high of $21.00. The stock’s fifty day moving average price is $20.38 and its 200-day moving average price is $20.05. The firm has a market cap of $12.65 billion, a P/E ratio of 7.81 and a beta of 1.00.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $701.00 million during the quarter, compared to analysts’ expectations of $703.85 million. Ares Capital had a return on equity of 12.50% and a net margin of 58.22%. Ares Capital’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS. On average, equities research analysts expect that Ares Capital Co. will post 2.35 earnings per share for the current fiscal year.

Ares Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.21%. Ares Capital’s dividend payout ratio is presently 71.91%.

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.