Marble Wealth LLC Invests $4.18 Million in Ares Capital Corporation $ARCC

Marble Wealth LLC acquired a new position in Ares Capital Corporation (NASDAQ:ARCC) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 206,813 shares of the investment management company’s stock, valued at approximately $4,184,000.

Other large investors have also recently made changes to their positions in the company. SWAN Capital LLC bought a new stake in shares of Ares Capital in the 3rd quarter worth approximately $27,000. Core Wealth Advisors LLC bought a new stake in shares of Ares Capital in the 4th quarter worth approximately $33,000. Quarry LP bought a new stake in shares of Ares Capital in the 3rd quarter worth approximately $33,000. Ameriflex Group Inc. grew its position in shares of Ares Capital by 201.0% in the 3rd quarter. Ameriflex Group Inc. now owns 1,764 shares of the investment management company’s stock worth $36,000 after buying an additional 1,178 shares during the last quarter. Finally, WFA of San Diego LLC bought a new stake in shares of Ares Capital in the 2nd quarter worth approximately $36,000. 27.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ARCC has been the topic of a number of recent analyst reports. B. Riley Financial cut their price objective on Ares Capital from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Truist Financial lowered their target price on Ares Capital from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Oppenheimer lowered 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. JPMorgan Chase & Co. lowered their target price on 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, Wall Street Zen cut Ares Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Ares Capital currently has an average rating of “Moderate Buy” and a consensus target price of $20.75.

Ares Capital Trading Down 0.5%

ARCC opened at $18.97 on Wednesday. The stock has a market cap of $13.62 billion, a PE ratio of 11.64 and a beta of 0.56. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.13. The business has a 50 day moving average of $18.57 and a 200-day moving average of $19.42. Ares Capital Corporation has a 52 week low of $17.40 and a 52 week high of $23.42.

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

Ares Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.48 per share. The ex-dividend date is Monday, June 15th. This represents a $1.92 dividend on an annualized basis and a yield of 10.1%. Ares Capital’s payout ratio is presently 117.79%.

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.