Ausdal Financial Partners Inc. bought a new position in shares of Ares Capital Corporation (NASDAQ:ARCC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 18,830 shares of the investment management company’s stock, valued at approximately $309,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ARCC. Prudential Financial Inc. boosted its position in shares of Ares Capital Corporation by 6.6% during the 1st quarter. Prudential Financial Inc. now owns 77,468 shares of the investment management company’s stock worth $1,347,000 after purchasing an additional 4,806 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Ares Capital Corporation during the 1st quarter worth $222,000. Tudor Investment Corp ET AL boosted its position in shares of Ares Capital Corporation by 102.8% during the 1st quarter. Tudor Investment Corp ET AL now owns 33,217 shares of the investment management company’s stock worth $577,000 after purchasing an additional 16,834 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of Ares Capital Corporation by 22.7% during the 1st quarter. Bank of Nova Scotia now owns 105,750 shares of the investment management company’s stock worth $1,838,000 after purchasing an additional 19,550 shares in the last quarter. Finally, Evanson Asset Management LLC purchased a new stake in shares of Ares Capital Corporation during the 2nd quarter worth $300,000. Institutional investors own 45.15% of the company’s stock.

Ares Capital Corporation (NASDAQ:ARCC) last announced its earnings results on Thursday, November 2nd. The investment management company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Ares Capital Corporation had a return on equity of 8.80% and a net margin of 45.78%. The business had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $295.02 million. During the same quarter last year, the business posted $0.43 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 annualized dividend and a yield of 9.59%. Ares Capital Corporation’s dividend payout ratio is currently 119.69%.

Several equities research analysts have commented on the stock. National Securities restated a “buy” rating and set a $19.00 target price on shares of Ares Capital Corporation in a research report on Friday. Jefferies Group LLC restated a “buy” rating and set a $19.50 target price on shares of Ares Capital Corporation in a research report on Friday. BidaskClub lowered shares of Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. TheStreet upgraded shares of Ares Capital Corporation from a “c+” rating to a “b” rating in a research report on Monday, August 7th. Finally, 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.06.

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Ares Capital Corporation 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.

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

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