Silver Capital Management LLC Raises Holdings in Ares Capital Corporation (ARCC)
Silver Capital Management LLC raised its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 7.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,320 shares of the investment management company’s stock after buying an additional 3,770 shares during the period. Ares Capital Corporation comprises about 3.4% of Silver Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Silver Capital Management LLC’s holdings in Ares Capital Corporation were worth $841,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Penserra Capital Management LLC lifted its stake in shares of Ares Capital Corporation by 8.9% in the 2nd quarter. Penserra Capital Management LLC now owns 6,439 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 526 shares during the last quarter. Hudock Capital Group LLC lifted its stake in shares of Ares Capital Corporation by 3.2% in the 2nd quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock valued at $106,000 after purchasing an additional 200 shares during the last quarter. Ffcm LLC lifted its stake in shares of Ares Capital Corporation by 218.9% in the 2nd quarter. Ffcm LLC now owns 6,840 shares of the investment management company’s stock valued at $113,000 after purchasing an additional 4,695 shares during the last quarter. Legacy Advisors LLC acquired a new stake in shares of Ares Capital Corporation in the 3rd quarter valued at $128,000. Finally, Grove Bank & Trust lifted its stake in shares of Ares Capital Corporation by 45.4% in the 2nd quarter. Grove Bank & Trust now owns 9,420 shares of the investment management company’s stock valued at $154,000 after purchasing an additional 2,940 shares during the last quarter. 44.76% of the stock is owned by institutional investors.
Ares Capital Corporation (NASDAQ:ARCC) traded up $0.02 during trading on Monday, reaching $16.22. 688,083 shares of the company’s stock were exchanged, compared to its average volume of 1,590,000. The firm has a market cap of $6,910.00, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 3.91 and a beta of 0.63. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.29 and a current ratio of 1.29. Ares Capital Corporation has a 52-week low of $15.38 and a 52-week high of $17.87.
Ares Capital Corporation (NASDAQ:ARCC) last released its earnings results on Thursday, November 2nd. The investment management company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The firm 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 quarter in the previous year, the business earned $0.43 EPS. analysts forecast that Ares Capital Corporation will post 1.38 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 9.37%. The ex-dividend date is Thursday, December 14th. Ares Capital Corporation’s dividend payout ratio is 120.63%.
Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. TheStreet raised shares of Ares Capital Corporation from a “c+” rating to a “b” rating in a research note on Monday, August 7th. CIBC assumed coverage on shares of Ares Capital Corporation in a research note on Thursday, September 21st. They issued an “outperform” rating and a $18.00 price objective for the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Ares Capital Corporation in a research note on Friday, August 25th. Finally, National Securities reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Ares Capital Corporation in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $18.06.
In other news, Director Michael J. Arougheti bought 8,365 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was purchased at an average price of $15.85 per share, with a total value of $132,585.25. Following the transaction, the director now directly 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 accessible through the SEC website. In the last three months, insiders have acquired 8,965 shares of company stock valued at $142,283. Company insiders own 0.45% of the company’s stock.
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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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