V Wealth Management LLC raised its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,638 shares of the investment management company’s stock after acquiring an additional 3,757 shares during the period. V Wealth Management LLC’s holdings in Ares Capital were worth $699,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of ARCC. Oppenheimer & Co. Inc. increased its position in Ares Capital by 12.8% during the second quarter. Oppenheimer & Co. Inc. now owns 13,284 shares of the investment management company’s stock valued at $217,000 after acquiring an additional 1,506 shares during the last quarter. Alliancebernstein L.P. increased its position in Ares Capital by 7.1% during the second quarter. Alliancebernstein L.P. now owns 60,050 shares of the investment management company’s stock valued at $984,000 after acquiring an additional 3,970 shares during the last quarter. Quantitative Investment Management LLC increased its position in Ares Capital by 120.2% during the second quarter. Quantitative Investment Management LLC now owns 449,700 shares of the investment management company’s stock valued at $7,366,000 after acquiring an additional 245,500 shares during the last quarter. GSA Capital Partners LLP increased its position in Ares Capital by 108.4% during the second quarter. GSA Capital Partners LLP now owns 75,417 shares of the investment management company’s stock valued at $1,235,000 after acquiring an additional 39,233 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in Ares Capital by 2.0% during the second quarter. California Public Employees Retirement System now owns 837,600 shares of the investment management company’s stock valued at $13,720,000 after acquiring an additional 16,200 shares during the last quarter. Institutional investors and hedge funds own 43.63% of the company’s stock.

Ares Capital Co. (NASDAQ:ARCC) traded up $0.02 during midday trading on Friday, hitting $15.99. 916,544 shares of the stock were exchanged, compared to its average volume of 2,130,000. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6,820.00, a PE ratio of 12.69, a PEG ratio of 3.41 and a beta of 0.63. Ares Capital Co. has a 12-month low of $15.60 and a 12-month high of $17.87.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings results on Thursday, November 2nd. The investment management company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The firm had revenue of $294.00 million for the quarter, compared to analysts’ expectations of $295.02 million. Ares Capital had a net margin of 45.78% and a return on equity of 8.60%. During the same period in the prior year, the business posted $0.43 earnings per share. research analysts forecast that Ares Capital Co. will post 1.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.51%. The ex-dividend date was Thursday, December 14th. Ares Capital’s payout ratio is presently 120.63%.

A number of research firms have weighed in on ARCC. Wedbush began coverage on shares of Ares Capital in a research report on Monday, November 27th. They set an “outperform” rating and a $18.00 price objective on the stock. Zacks Investment Research cut shares of Ares Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. National Securities reiterated a “buy” rating and set a $19.00 price objective on shares of Ares Capital in a research report on Friday, November 3rd. CIBC began coverage on shares of Ares Capital in a research report on Thursday, September 21st. They set an “outperform” rating and a $18.00 price objective on the stock. Finally, Oppenheimer began coverage on shares of Ares Capital in a research report on Thursday, September 21st. They set an “outperform” rating and a $18.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $18.00.

In related news, Director Michael J. Arougheti purchased 8,365 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were purchased at an average cost of $15.85 per share, for a total transaction of $132,585.25. Following the completion of the acquisition, the director now owns 937,054 shares in the company, valued at approximately $14,852,305.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders bought 8,965 shares of company stock worth $142,315. Company insiders own 0.45% of the company’s stock.

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About Ares Capital

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 (NASDAQ:ARCC)

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