Ares Capital (NASDAQ:ARCC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “ARES CAPITAL CORPORATION is a specialty finance company that is a closed-end, non-diversified management investment company. Ares Capital Corporation has elected to be regulated as a business development company under the Investment Company Act of 1940. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. Ares Capital Corporation invests primarily in first and second lien senior loans and mezzanine debt, which in some cases includes an equity component, and, to a lesser extent, in equity investments in private U.S. middle market companies. “

Several other research analysts also recently commented on the stock. BidaskClub upgraded shares of Ares Capital from a “strong sell” rating to a “sell” rating in a report on Monday. TheStreet upgraded shares of Ares Capital from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Compass Point started coverage on shares of Ares Capital in a report on Wednesday, December 6th. They issued a “buy” rating and a $17.50 target price on the stock. Wedbush started coverage on shares of Ares Capital in a report on Monday, November 27th. They set an “outperform” rating and a $18.00 price objective on the stock. Finally, National Securities restated a “buy” rating and set a $19.00 price objective on shares of Ares Capital in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $18.00.

Shares of Ares Capital (ARCC) traded up $0.23 on Wednesday, reaching $15.76. 2,791,596 shares of the company traded hands, compared to its average volume of 2,000,000. The company has a market cap of $6,720.00, a P/E ratio of 12.51, a PEG ratio of 3.30 and a beta of 0.62. Ares Capital has a 12-month low of $15.03 and a 12-month high of $17.87. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.66.

Several large investors have recently bought and sold shares of ARCC. M&R Capital Management Inc. boosted its position in shares of Ares Capital by 2.8% during the 2nd quarter. M&R Capital Management Inc. now owns 11,755 shares of the investment management company’s stock valued at $188,000 after acquiring an additional 320 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of Ares Capital by 33.5% during the 2nd quarter. IHT Wealth Management LLC now owns 4,568 shares of the investment management company’s stock valued at $196,000 after acquiring an additional 1,147 shares in the last quarter. Sciencast Management LP boosted its position in shares of Ares Capital by 27.1% during the 2nd quarter. Sciencast Management LP now owns 14,647 shares of the investment management company’s stock valued at $240,000 after acquiring an additional 3,125 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Ares Capital by 2.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 133,545 shares of the investment management company’s stock valued at $2,191,000 after acquiring an additional 3,168 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC boosted its position in shares of Ares Capital by 46.6% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 11,811 shares of the investment management company’s stock valued at $194,000 after acquiring an additional 3,756 shares in the last quarter. Institutional investors own 43.47% of the company’s stock.

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About Ares Capital

Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.

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