29,458 Shares in Ares Capital Corporation $ARCC Acquired by Triad Investment Management

Triad Investment Management acquired a new stake in Ares Capital Corporation (NASDAQ:ARCC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,458 shares of the investment management company’s stock, valued at approximately $596,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE increased its position in Ares Capital by 8.9% in the second quarter. Bank of America Corp DE now owns 8,678,129 shares of the investment management company’s stock worth $190,572,000 after buying an additional 705,882 shares during the last quarter. UBS Group AG lifted its position in shares of Ares Capital by 11.8% during the 3rd quarter. UBS Group AG now owns 7,900,015 shares of the investment management company’s stock valued at $161,239,000 after buying an additional 836,826 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Ares Capital by 6.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,794,378 shares of the investment management company’s stock worth $83,353,000 after acquiring an additional 225,984 shares during the period. Invesco Ltd. grew its stake in shares of Ares Capital by 825.4% during the 2nd quarter. Invesco Ltd. now owns 3,551,711 shares of the investment management company’s stock worth $77,996,000 after acquiring an additional 3,167,906 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in Ares Capital by 7.5% in the 3rd quarter. Raymond James Financial Inc. now owns 3,226,668 shares of the investment management company’s stock worth $65,856,000 after acquiring an additional 225,028 shares during the last quarter. 27.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ARCC. UBS Group lowered their price objective on Ares Capital from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ares Capital in a research note on Monday, December 29th. Wells Fargo & Company lowered their price target on shares of Ares Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. B. Riley Financial restated a “buy” rating on shares of Ares Capital in a research note on Monday, February 9th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ares Capital from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.38.

Ares Capital Stock Performance

NASDAQ:ARCC opened at $17.73 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.70 and a current ratio of 1.70. Ares Capital Corporation has a 52-week low of $17.40 and a 52-week high of $23.42. The firm has a market cap of $12.73 billion, a price-to-earnings ratio of 9.53 and a beta of 0.59. The business’s fifty day moving average is $18.98 and its 200 day moving average is $19.87.

Ares Capital (NASDAQ:ARCC) last issued its earnings results on Wednesday, February 4th. The investment management company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $793.00 million during the quarter, compared to the consensus estimate of $795.20 million. Ares Capital had a return on equity of 9.89% and a net margin of 42.56%.The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. Research analysts predict that Ares Capital Corporation will post 2.19 EPS for the current year.

Ares Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend was Friday, March 13th. Ares Capital’s dividend payout ratio is presently 103.23%.

Insider Buying and Selling

In other news, CFO Scott C. Lem acquired 5,186 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of $19.29 per share, for a total transaction of $100,037.94. Following the completion of the transaction, the chief financial officer owned 39,463 shares of the company’s stock, valued at $761,241.27. The trade was a 15.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Kort Schnabel acquired 12,500 shares of Ares Capital stock in a transaction that occurred on Thursday, February 5th. The shares were purchased at an average cost of $19.13 per share, with a total value of $239,125.00. Following the purchase, the chief executive officer owned 40,500 shares of the company’s stock, valued at $774,765. This represents a 44.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.49% of the stock is currently owned by company insiders.

Ares Capital Profile

Ares Capital Corporation (NASDAQ: ARCC) is a publicly traded business development company (BDC) that specializes in providing debt and equity financing solutions to U.S. middle-market companies. As a BDC, Ares Capital offers investors access to a diversified portfolio of tailored credit investments, including senior secured loans, unitranche financing, mezzanine debt and equity co-investments. The firm’s flexible capital structures are designed to support companies seeking growth capital, refinancing or strategic acquisitions.

Through its credit platform, Ares Capital focuses on originations, underwriting and portfolio management across a range of industries, with a particular emphasis on sectors such as healthcare, technology, industrials and business services.