Measured Wealth Private Client Group LLC Has $607,000 Holdings in Ares Capital Co. (NASDAQ:ARCC)

Measured Wealth Private Client Group LLC increased its holdings in Ares Capital Co. (NASDAQ:ARCC) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,307 shares of the investment management company’s stock after purchasing an additional 1,813 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Ares Capital were worth $607,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ARCC. Baron Financial Group LLC raised its stake in Ares Capital by 3.0% during the fourth quarter. Baron Financial Group LLC now owns 18,366 shares of the investment management company’s stock worth $368,000 after buying an additional 543 shares during the last quarter. Syntal Capital Partners LLC lifted its stake in shares of Ares Capital by 3.3% in the 3rd quarter. Syntal Capital Partners LLC now owns 17,346 shares of the investment management company’s stock valued at $338,000 after purchasing an additional 551 shares during the period. Transcend Capital Advisors LLC boosted its position in shares of Ares Capital by 0.5% during the 4th quarter. Transcend Capital Advisors LLC now owns 108,577 shares of the investment management company’s stock valued at $2,175,000 after purchasing an additional 557 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Ares Capital by 1.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,595 shares of the investment management company’s stock worth $693,000 after purchasing an additional 587 shares during the period. Finally, Great Valley Advisor Group Inc. increased its holdings in Ares Capital by 4.4% in the third quarter. Great Valley Advisor Group Inc. now owns 14,067 shares of the investment management company’s stock worth $274,000 after purchasing an additional 597 shares in the last quarter. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on ARCC shares. JPMorgan Chase & Co. increased their price target on Ares Capital from $21.50 to $22.00 and gave the stock an “overweight” rating in a report on Thursday. B. Riley lowered shares of Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research note on Monday, January 8th. Truist Financial lifted their price target on shares of Ares Capital from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday. Oppenheimer increased their price objective on shares of Ares Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their target price on Ares Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.43.

Ares Capital Stock Up 0.3 %

Shares of ARCC traded up $0.07 on Friday, reaching $20.61. The company’s stock had a trading volume of 2,902,245 shares, compared to its average volume of 2,632,858. Ares Capital Co. has a twelve month low of $17.53 and a twelve month high of $21.00. The stock has a market capitalization of $12.53 billion, a PE ratio of 7.06 and a beta of 0.99. The company has a current ratio of 1.63, a quick ratio of 1.24 and a debt-to-equity ratio of 0.99. The firm has a fifty day moving average of $20.42 and a 200-day moving average of $20.06.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The company had revenue of $701.00 million during the quarter, compared to analysts’ expectations of $703.85 million. Ares Capital had a return on equity of 12.37% and a net margin of 62.77%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. Equities analysts predict that Ares Capital Co. will post 2.35 EPS for the current year.

Ares Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.32%. The ex-dividend date is Thursday, June 13th. Ares Capital’s dividend payout ratio is 65.75%.

Ares Capital Profile

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.