Ares Capital Corporation $ARCC Shares Acquired by Venture Visionary Partners LLC

Venture Visionary Partners LLC lifted its holdings in shares of Ares Capital Corporation (NASDAQ:ARCC) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,672 shares of the investment management company’s stock after buying an additional 1,568 shares during the period. Venture Visionary Partners LLC’s holdings in Ares Capital were worth $591,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BankPlus Wealth Management LLC lifted its position in Ares Capital by 2.5% in the first quarter. BankPlus Wealth Management LLC now owns 19,809 shares of the investment management company’s stock worth $439,000 after purchasing an additional 492 shares during the period. Western Financial Corp CA lifted its position in Ares Capital by 2.2% in the first quarter. Western Financial Corp CA now owns 26,961 shares of the investment management company’s stock worth $597,000 after purchasing an additional 574 shares during the period. Taylor Frigon Capital Management LLC lifted its position in Ares Capital by 0.6% in the first quarter. Taylor Frigon Capital Management LLC now owns 104,519 shares of the investment management company’s stock worth $2,316,000 after purchasing an additional 582 shares during the period. Sheaff Brock Investment Advisors LLC lifted its position in Ares Capital by 1.1% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 56,776 shares of the investment management company’s stock worth $1,258,000 after purchasing an additional 594 shares during the period. Finally, Magnus Financial Group LLC lifted its position in Ares Capital by 2.2% in the first quarter. Magnus Financial Group LLC now owns 31,319 shares of the investment management company’s stock worth $694,000 after purchasing an additional 664 shares during the period. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Ares Capital Price Performance

ARCC opened at $22.29 on Thursday. The stock has a fifty day moving average of $22.36 and a 200-day moving average of $21.98. The firm has a market capitalization of $15.72 billion, a P/E ratio of 10.87 and a beta of 0.70. Ares Capital Corporation has a 12-month low of $18.26 and a 12-month high of $23.84. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.01.

Ares Capital (NASDAQ:ARCC) last released its earnings results on Tuesday, July 29th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The business had revenue of $614.00 million during the quarter, compared to analysts’ expectations of $748.76 million. Ares Capital had a net margin of 44.94% and a return on equity of 10.48%. During the same quarter in the previous year, the company earned $0.61 EPS. Equities analysts forecast that Ares Capital Corporation will post 2.19 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.48 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.6%. Ares Capital’s dividend payout ratio is presently 93.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ARCC shares. Wells Fargo & Company upped their target price on Ares Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. cut their price objective on Ares Capital from $24.50 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. B. Riley upgraded Ares Capital from a “neutral” rating to a “buy” rating and increased their price objective for the company from $22.50 to $23.50 in a research report on Wednesday, July 30th. Wall Street Zen upgraded Ares Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Royal Bank Of Canada dropped their target price on shares of Ares Capital from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

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.