Triad Investment Management Makes New Investment in Ares Capital Corporation $ARCC

Triad Investment Management acquired a new stake in Ares Capital Corporation (NASDAQ:ARCC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,458 shares of the investment management company’s stock, valued at approximately $596,000.

Other hedge funds have also recently made changes to their positions in the company. Canal Capital Management LLC lifted its position in Ares Capital by 1.6% in the 4th quarter. Canal Capital Management LLC now owns 32,955 shares of the investment management company’s stock valued at $667,000 after acquiring an additional 520 shares in the last quarter. BKM Wealth Management LLC increased its holdings in Ares Capital by 1.3% during the 3rd quarter. BKM Wealth Management LLC now owns 42,394 shares of the investment management company’s stock worth $865,000 after purchasing an additional 525 shares in the last quarter. FSC Wealth Advisors LLC increased its holdings in Ares Capital by 10.0% during the 2nd quarter. FSC Wealth Advisors LLC now owns 5,830 shares of the investment management company’s stock worth $128,000 after purchasing an additional 530 shares in the last quarter. Balboa Wealth Partners raised its stake in shares of Ares Capital by 1.3% in the third quarter. Balboa Wealth Partners now owns 44,755 shares of the investment management company’s stock worth $913,000 after purchasing an additional 559 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Ares Capital by 1.0% in the third quarter. Parallel Advisors LLC now owns 57,092 shares of the investment management company’s stock valued at $1,165,000 after purchasing an additional 567 shares in the last quarter. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Scott C. Lem purchased 5,186 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were bought at an average cost of $19.29 per share, with a total value of $100,037.94. Following the acquisition, the chief financial officer owned 39,463 shares of the company’s stock, valued at $761,241.27. This represents a 15.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Kort Schnabel purchased 12,500 shares of Ares Capital stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average price of $19.13 per share, with a total value of $239,125.00. Following the transaction, the chief executive officer owned 40,500 shares of the company’s stock, valued at $774,765. This trade represents a 44.64% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. UBS Group cut their target price on Ares Capital from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. JPMorgan Chase & Co. dropped their price objective on Ares Capital from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Wells Fargo & Company cut their price objective on shares of Ares Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Wall Street Zen lowered shares of Ares Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ares Capital in a report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ares Capital has a consensus rating of “Moderate Buy” and an average price target of $21.38.

Ares Capital Stock Performance

ARCC stock opened at $17.73 on Thursday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The firm has a market cap of $12.73 billion, a PE ratio of 9.53 and a beta of 0.59. The business has a 50 day moving average of $18.98 and a 200-day moving average of $19.87. Ares Capital Corporation has a 12-month low of $17.40 and a 12-month high of $23.42.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Ares Capital had a return on equity of 9.89% and a net margin of 42.56%.The business had revenue of $793.00 million for the quarter, compared to analyst estimates of $795.20 million. During the same period last year, the company posted $0.55 earnings per share. Ares Capital’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that Ares Capital Corporation will post 2.19 earnings per share for the current year.

Ares Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date was Friday, March 13th. Ares Capital’s payout ratio is presently 103.23%.

Ares Capital Company Profile

Ares Capital Corporation (NASDAQ: ARCC) is a publicly traded business development company (BDC) that specializes in providing debt and equity financing solutions to U.S. middle-market companies. As a BDC, Ares Capital offers investors access to a diversified portfolio of tailored credit investments, including senior secured loans, unitranche financing, mezzanine debt and equity co-investments. The firm’s flexible capital structures are designed to support companies seeking growth capital, refinancing or strategic acquisitions.

Through its credit platform, Ares Capital focuses on originations, underwriting and portfolio management across a range of industries, with a particular emphasis on sectors such as healthcare, technology, industrials and business services.