Principal Financial Group Inc. lifted its holdings in Ares Capital Corporation (NASDAQ:ARCC) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,815,313 shares of the investment management company’s stock after acquiring an additional 89,967 shares during the period. Principal Financial Group Inc.’s holdings in Ares Capital Corporation were worth $95,312,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ARCC. Penserra Capital Management LLC increased its position in shares of Ares Capital Corporation by 8.9% in the second quarter. Penserra Capital Management LLC now owns 6,439 shares of the investment management company’s stock worth $105,000 after acquiring an additional 526 shares in the last quarter. Hudock Capital Group LLC increased its position in shares of Ares Capital Corporation by 3.2% in the second quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock worth $106,000 after acquiring an additional 200 shares in the last quarter. Ffcm LLC increased its position in shares of Ares Capital Corporation by 218.9% in the second quarter. Ffcm LLC now owns 6,840 shares of the investment management company’s stock worth $113,000 after acquiring an additional 4,695 shares in the last quarter. Legacy Advisors LLC acquired a new stake in shares of Ares Capital Corporation in the third quarter worth $128,000. Finally, Grove Bank & Trust increased its position in shares of Ares Capital Corporation by 45.4% in the second quarter. Grove Bank & Trust now owns 9,420 shares of the investment management company’s stock worth $154,000 after acquiring an additional 2,940 shares in the last quarter. 45.28% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on ARCC shares. BidaskClub lowered shares of Ares Capital Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research lowered shares of Ares Capital Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. National Securities reissued a “buy” rating and issued a $19.00 price objective on shares of Ares Capital Corporation in a research report on Monday, August 7th. TheStreet raised shares of Ares Capital Corporation from a “c+” rating to a “b” rating in a research report on Monday, August 7th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $15.00 price objective on shares of Ares Capital Corporation in a research report on Friday, August 25th. 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 stock presently has an average rating of “Buy” and a consensus price target of $18.06.

In other news, Director Michael J. Arougheti purchased 8,365 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was acquired at an average cost of $15.85 per share, with a total value of $132,585.25. Following the acquisition, the director now owns 937,054 shares in the company, valued at $14,852,305.90. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have purchased 8,965 shares of company stock valued at $142,283. Company insiders own 0.45% of the company’s stock.

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Shares of Ares Capital Corporation (NASDAQ:ARCC) opened at $16.20 on Friday. The firm has a market cap of $6,906.04, a price-to-earnings ratio of 11.25, a P/E/G ratio of 3.91 and a beta of 0.63. Ares Capital Corporation has a fifty-two week low of $15.38 and a fifty-two week high of $17.87. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.66.

Ares Capital Corporation (NASDAQ:ARCC) last released its quarterly earnings results on Thursday, November 2nd. The investment management company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. The business had revenue of $294.00 million during the quarter, compared to analyst estimates of $295.02 million. Ares Capital Corporation had a net margin of 45.78% and a return on equity of 8.60%. During the same period last year, the business earned $0.43 EPS. equities analysts anticipate that Ares Capital Corporation will post 1.38 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 9.38%. The ex-dividend date is Thursday, December 14th. Ares Capital Corporation’s payout ratio is 119.69%.

About Ares Capital Corporation

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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Institutional Ownership by Quarter for Ares Capital Corporation (NASDAQ:ARCC)

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