Koch Industries Inc. boosted its position in Ares Capital Corporation (NASDAQ:ARCC) by 7,292.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 861,474 shares of the investment management company’s stock after buying an additional 849,821 shares during the period. Koch Industries Inc.’s holdings in Ares Capital Corporation were worth $812,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Karp Capital Management Corp acquired a new position in shares of Ares Capital Corporation during the first quarter valued at about $792,000. Sei Investments Co. raised its holdings in shares of Ares Capital Corporation by 0.9% during the first quarter. Sei Investments Co. now owns 46,475 shares of the investment management company’s stock valued at $808,000 after purchasing an additional 407 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of Ares Capital Corporation by 8.5% during the first quarter. Parametric Portfolio Associates LLC now owns 346,065 shares of the investment management company’s stock valued at $6,015,000 after purchasing an additional 26,994 shares during the period. KBC Group NV acquired a new position in shares of Ares Capital Corporation during the first quarter valued at about $845,000. Finally, Prudential Financial Inc. raised its holdings in shares of Ares Capital Corporation by 6.6% during the first quarter. Prudential Financial Inc. now owns 77,468 shares of the investment management company’s stock valued at $1,347,000 after purchasing an additional 4,806 shares during the period. Institutional investors and hedge funds own 45.01% of the company’s stock.

ARCC has been the topic of several research reports. Zacks Investment Research lowered shares of Ares Capital Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $18.50 price objective on shares of Ares Capital Corporation in a report on Friday, June 16th. BidaskClub upgraded shares of Ares Capital Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. BMO Capital Markets reiterated a “hold” rating and set a $15.00 price objective on shares of Ares Capital Corporation in a report on Friday, August 25th. Finally, CIBC initiated coverage on shares of Ares Capital Corporation in a report on Thursday, September 21st. They set an “outperform” rating and a $18.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. Ares Capital Corporation currently has a consensus rating of “Buy” and a consensus target price of $17.89.

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Ares Capital Corporation (NASDAQ:ARCC) traded down 0.12% during midday trading on Friday, hitting $16.59. 1,093,062 shares of the stock traded hands. The stock’s 50-day moving average price is $16.14 and its 200-day moving average price is $16.54. Ares Capital Corporation has a 52 week low of $15.01 and a 52 week high of $17.87.

Ares Capital Corporation (NASDAQ:ARCC) last issued its quarterly earnings results on Wednesday, August 2nd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Ares Capital Corporation had a net margin of 44.61% and a return on equity of 8.95%. The business had revenue of $284.00 million for the quarter, compared to analysts’ expectations of $297.77 million. During the same period last year, the business earned $0.50 earnings per share. Equities analysts expect that Ares Capital Corporation will post $1.40 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 9.16%. Ares Capital Corporation’s dividend payout ratio (DPR) is currently 117.83%.

Ares Capital Corporation Company Profile

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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