Quantinno Capital Management LP Buys 32,687 Shares of Ares Capital Corporation $ARCC

Quantinno Capital Management LP increased its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 67.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,043 shares of the investment management company’s stock after buying an additional 32,687 shares during the quarter. Quantinno Capital Management LP’s holdings in Ares Capital were worth $1,460,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ARCC. Family Manage LLC grew its holdings in shares of Ares Capital by 86.3% during the 1st quarter. Family Manage LLC now owns 188,441 shares of the investment management company’s stock worth $3,396,000 after purchasing an additional 87,298 shares in the last quarter. Gateway Wealth Partners LLC raised its stake in Ares Capital by 111.4% in the first quarter. Gateway Wealth Partners LLC now owns 269,136 shares of the investment management company’s stock valued at $4,850,000 after purchasing an additional 141,844 shares in the last quarter. OMERS ADMINISTRATION Corp raised its stake in Ares Capital by 20.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 2,834,469 shares of the investment management company’s stock valued at $51,077,000 after purchasing an additional 474,414 shares in the last quarter. Windsor Advisory Group LLC bought a new stake in Ares Capital during the first quarter worth about $240,000. Finally, Waverly Advisors LLC lifted its position in Ares Capital by 2.1% during the first quarter. Waverly Advisors LLC now owns 186,373 shares of the investment management company’s stock worth $3,358,000 after purchasing an additional 3,798 shares during the period. Institutional investors own 27.38% of the company’s stock.

Analyst Upgrades and Downgrades

ARCC has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Ares Capital from a “hold” rating to a “sell” rating in a report on Sunday, August 2nd. Citizens Jmp reduced their price target on shares of Ares Capital from $23.00 to $22.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Ares Capital from $19.00 to $18.50 and set an “overweight” rating on the stock in a research note on Thursday, July 2nd. Oppenheimer cut their target price on Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods reduced their target price on Ares Capital from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $20.40.

Ares Capital Stock Up 1.6%

Shares of ARCC opened at $20.19 on Friday. Ares Capital Corporation has a 52 week low of $17.40 and a 52 week high of $22.76. The stock has a market capitalization of $14.50 billion, a price-to-earnings ratio of 14.96 and a beta of 0.56. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a fifty day moving average of $18.84 and a 200-day moving average of $18.83.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Wednesday, July 29th. The investment management company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Ares Capital had a return on equity of 9.80% and a net margin of 30.91%.The business had revenue of $768.00 million for the quarter, compared to analyst estimates of $770.19 million. During the same quarter in the previous year, the company posted $0.50 EPS. As a group, sell-side analysts anticipate that Ares Capital Corporation will post 1.91 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Tuesday, September 15th. Ares Capital’s payout ratio is 142.22%.

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.