Stephens Inc. AR Buys 47,535 Shares of Ares Capital Corporation $ARCC

Stephens Inc. AR lifted its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,183,795 shares of the investment management company’s stock after acquiring an additional 47,535 shares during the quarter. Stephens Inc. AR owned approximately 0.16% of Ares Capital worth $21,332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Palladiem LLC bought a new position in Ares Capital in the fourth quarter worth approximately $26,000. SWAN Capital LLC purchased a new position in Ares Capital during the 3rd quarter worth $27,000. Sankala Group LLC bought a new stake in Ares Capital during the 4th quarter valued at $28,000. Core Wealth Advisors LLC bought a new stake in Ares Capital during the 4th quarter valued at $33,000. Finally, Quarry LP bought a new stake in Ares Capital during the 3rd quarter valued at $33,000. Institutional investors own 27.38% of the company’s stock.

Ares Capital Stock Performance

Shares of NASDAQ:ARCC opened at $18.73 on Monday. Ares Capital Corporation has a 12-month low of $17.40 and a 12-month high of $23.42. The business’s fifty day simple moving average is $18.69 and its 200-day simple moving average is $19.10. The company has a market capitalization of $13.45 billion, a PE ratio of 11.49 and a beta of 0.56. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.13.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Tuesday, April 28th. The investment management company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Ares Capital had a return on equity of 9.85% and a net margin of 37.30%.The company had revenue of $763.00 million for the quarter, compared to analysts’ expectations of $778.00 million. During the same quarter last year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities research analysts predict that Ares Capital Corporation will post 1.91 earnings per share for the current fiscal year.

Ares Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend was Monday, June 15th. Ares Capital’s dividend payout ratio is presently 117.79%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ARCC shares. Keefe, Bruyette & Woods dropped their price target on Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Wells Fargo & Company restated an “equal weight” rating and issued a $19.00 price objective (down from $20.00) on shares of Ares Capital in a report on Friday, June 12th. Citizens Jmp lowered their price objective on shares of Ares Capital from $23.00 to $22.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. Truist Financial cut their target price on shares of Ares Capital from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, B. Riley Financial reduced their price target on shares of Ares Capital from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.60.

Ares Capital Company 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.