US Bancorp DE raised its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 54,004 shares of the investment management company’s stock after buying an additional 967 shares during the period. US Bancorp DE’s holdings in Ares Capital Corporation were worth $885,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ARCC. Round Table Services LLC boosted its stake in Ares Capital Corporation by 0.4% in the second quarter. Round Table Services LLC now owns 10,225 shares of the investment management company’s stock valued at $167,000 after buying an additional 39 shares in the last quarter. Advisors Capital Management LLC boosted its stake in Ares Capital Corporation by 6.4% in the second quarter. Advisors Capital Management LLC now owns 1,498,296 shares of the investment management company’s stock valued at $24,542,000 after buying an additional 89,791 shares in the last quarter. V Wealth Management LLC boosted its stake in Ares Capital Corporation by 20.0% in the second quarter. V Wealth Management LLC now owns 30,769 shares of the investment management company’s stock valued at $502,000 after buying an additional 5,124 shares in the last quarter. Baltimore Washington Financial Advisors Inc. boosted its stake in Ares Capital Corporation by 3.7% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 531,988 shares of the investment management company’s stock valued at $8,714,000 after buying an additional 19,030 shares in the last quarter. Finally, Westbourne Investment Advisors Inc. boosted its stake in Ares Capital Corporation by 7.6% in the second quarter. Westbourne Investment Advisors Inc. now owns 143,374 shares of the investment management company’s stock valued at $2,348,000 after buying an additional 10,124 shares in the last quarter. Hedge funds and other institutional investors own 48.34% of the company’s stock.

Shares of Ares Capital Corporation (NASDAQ:ARCC) traded down 0.93% during trading on Friday, reaching $16.02. The company’s stock had a trading volume of 803,492 shares. Ares Capital Corporation has a 12 month low of $15.01 and a 12 month high of $17.87. The company’s 50-day moving average is $16.39 and its 200-day moving average is $16.95.

Ares Capital Corporation (NASDAQ:ARCC) last released its earnings results on Wednesday, August 2nd. The investment management company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.02. Ares Capital Corporation had a return on equity of 8.95% and a net margin of 44.61%. The business had revenue of $284 million for the quarter, compared to analyst estimates of $297.77 million. During the same period in the prior year, the firm posted $0.50 EPS. Analysts forecast that Ares Capital Corporation will post $1.40 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 9.40%. The ex-dividend date of this dividend is Thursday, September 14th. Ares Capital Corporation’s dividend payout ratio is presently 117.83%.

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Several research firms recently commented on ARCC. TheStreet upgraded Ares Capital Corporation from a “c+” rating to a “b” rating in a research report on Monday. BidaskClub cut Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday. National Securities restated a “buy” rating and issued a $19.00 target price on shares of Ares Capital Corporation in a research report on Monday. Zacks Investment Research cut Ares Capital Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC restated a “buy” rating and issued a $19.50 target price on shares of Ares Capital Corporation in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Ares Capital Corporation currently has a consensus rating of “Buy” and a consensus price target of $18.00.

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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