2,907,012 Shares in Ares Capital Corporation $ARCC Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp acquired a new stake in shares of Ares Capital Corporation (NASDAQ:ARCC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,907,012 shares of the investment management company’s stock, valued at approximately $53,867,000.

A number of other large investors have also recently bought and sold shares of the business. Strs Ohio bought a new position in shares of Ares Capital during the first quarter worth about $189,210,000. Advisors Capital Management LLC bought a new stake in Ares Capital in the 2nd quarter valued at about $63,140,000. UBS Group AG boosted its stake in Ares Capital by 41.8% during the 4th quarter. UBS Group AG now owns 11,201,905 shares of the investment management company’s stock valued at $226,615,000 after purchasing an additional 3,301,890 shares during the period. BlackRock Inc. acquired a new position in Ares Capital during the 2nd quarter valued at about $45,339,000. Finally, Marshall Wace LLP bought a new position in Ares Capital in the 3rd quarter worth about $36,943,000. Institutional investors own 27.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ARCC shares. Wells Fargo & Company restated an “equal weight” rating and set a $19.00 price objective (down from $20.00) on shares of Ares Capital in a research note on Friday, June 12th. Keefe, Bruyette & Woods lowered their target price on shares of Ares Capital from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Truist Financial dropped their price target on shares of Ares Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. 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 research note on Wednesday, April 29th. Finally, Wall Street Zen cut shares of Ares Capital from a “hold” rating to a “sell” rating in a report on Sunday, August 2nd. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ares Capital presently has an average rating of “Moderate Buy” and a consensus price target of $20.40.

Ares Capital Price Performance

Shares of NASDAQ:ARCC opened at $19.92 on Monday. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 14.76 and a beta of 0.56. Ares Capital Corporation has a 1 year low of $17.40 and a 1 year high of $22.53. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $18.93 and a 200 day simple moving average of $18.81.

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, meeting the consensus estimate of $0.47. The firm had revenue of $768.00 million for the quarter, compared to analyst estimates of $770.19 million. Ares Capital had a net margin of 30.91% and a return on equity of 9.80%. During the same quarter last year, the firm earned $0.50 earnings per share. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.92 dividend on an annualized basis and a yield of 9.6%. Ares Capital’s dividend payout ratio (DPR) is presently 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.