SeaCrest Wealth Management LLC Has $472,000 Stake in Ares Capital Corporation $ARCC

SeaCrest Wealth Management LLC cut its stake in Ares Capital Corporation (NASDAQ:ARCC) by 69.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,406 shares of the investment management company’s stock after selling 54,321 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Ares Capital were worth $472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of ARCC. Moody National Bank Trust Division grew its holdings in Ares Capital by 3.9% during the fourth quarter. Moody National Bank Trust Division now owns 15,840 shares of the investment management company’s stock worth $320,000 after buying an additional 593 shares in the last quarter. Perennial Advisors LLC raised its position in Ares Capital by 7.1% in the 4th quarter. Perennial Advisors LLC now owns 230,925 shares of the investment management company’s stock valued at $4,672,000 after buying an additional 15,293 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake in Ares Capital by 6.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 257,855 shares of the investment management company’s stock valued at $5,216,000 after acquiring an additional 14,530 shares in the last quarter. Procyon Advisors LLC purchased a new position in Ares Capital during the 4th quarter worth $248,000. Finally, Aventura Private Wealth LLC purchased a new position in Ares Capital during the 4th quarter worth $86,000. Institutional investors own 27.38% of the company’s stock.

Insider Transactions at Ares Capital

In other Ares Capital news, CFO Scott C. Lem acquired 5,186 shares of the company’s stock in a transaction on Friday, February 6th. The shares were acquired at an average cost of $19.29 per share, with a total value of $100,037.94. Following the completion of the acquisition, the chief financial officer directly owned 39,463 shares in the company, valued at $761,241.27. This trade represents a 15.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Kort Schnabel bought 12,500 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were acquired at an average price of $19.13 per share, with a total value of $239,125.00. Following the transaction, the chief executive officer directly owned 40,500 shares of the company’s stock, valued at approximately $774,765. This trade represents a 44.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

ARCC has been the subject of several analyst reports. Royal Bank Of Canada lowered their target price on shares of Ares Capital from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, February 9th. UBS Group cut their price target on shares of Ares Capital from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ares Capital in a research report on Monday, December 29th. JPMorgan Chase & Co. decreased their price objective on shares of Ares Capital from $22.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Finally, B. Riley Financial reissued a “buy” rating on shares of Ares Capital in a research report on Monday, February 9th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.38.

Ares Capital Price Performance

Shares of NASDAQ ARCC opened at $17.45 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.12. The stock has a fifty day simple moving average of $19.17 and a two-hundred day simple moving average of $19.98. Ares Capital Corporation has a 1-year low of $17.40 and a 1-year high of $23.42. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 9.38 and a beta of 0.59.

Ares Capital (NASDAQ:ARCC) last issued its earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. Ares Capital had a return on equity of 9.89% and a net margin of 42.56%.The firm had revenue of $793.00 million for the quarter, compared to analyst estimates of $795.20 million. During the same period in the previous year, the company posted $0.55 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. Analysts anticipate that Ares Capital Corporation will post 2.19 earnings per share for the current year.

Ares Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date is Friday, March 13th. Ares Capital’s payout ratio is currently 103.23%.

About Ares Capital

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.