Verition Fund Management LLC lifted its position in shares of Ares Capital Corporation (NASDAQ:ARCC) by 28.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 43,212 shares of the investment management company’s stock after purchasing an additional 9,540 shares during the quarter. Verition Fund Management LLC’s holdings in Ares Capital Corporation were worth $708,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Penserra Capital Management LLC lifted its position in Ares Capital Corporation by 8.9% during the 2nd quarter. Penserra Capital Management LLC now owns 6,439 shares of the investment management company’s stock worth $105,000 after acquiring an additional 526 shares in the last quarter. Hudock Capital Group LLC lifted its position in Ares Capital Corporation by 3.2% during the 2nd quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock worth $106,000 after acquiring an additional 200 shares in the last quarter. Ffcm LLC lifted its position in Ares Capital Corporation by 218.9% during the 2nd quarter. Ffcm LLC now owns 6,840 shares of the investment management company’s stock worth $113,000 after acquiring an additional 4,695 shares in the last quarter. Global X Management Co. LLC lifted its position in Ares Capital Corporation by 49.4% during the 1st quarter. Global X Management Co. LLC now owns 8,055 shares of the investment management company’s stock worth $140,000 after acquiring an additional 2,664 shares in the last quarter. Finally, Grove Bank & Trust lifted its position in Ares Capital Corporation by 45.4% during the 2nd quarter. Grove Bank & Trust now owns 9,420 shares of the investment management company’s stock worth $154,000 after acquiring an additional 2,940 shares in the last quarter. Institutional investors and hedge funds own 44.98% of the company’s stock.

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Several research firms recently commented on ARCC. BidaskClub lowered Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. TheStreet raised Ares Capital Corporation from a “c+” rating to a “b” rating in a research report on Monday, August 7th. Keefe, Bruyette & Woods set a $19.00 price target on Ares Capital Corporation and gave the stock a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research lowered Ares Capital Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, National Securities reaffirmed a “buy” rating and issued a $19.00 target price on shares of Ares Capital Corporation in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $17.89.

Ares Capital Corporation (NASDAQ:ARCC) traded down 0.573% during midday trading on Tuesday, hitting $16.495. The company had a trading volume of 114,743 shares. Ares Capital Corporation has a one year low of $15.01 and a one year high of $17.87. The company’s 50 day moving average is $16.14 and its 200-day moving average is $16.53.

Ares Capital Corporation (NASDAQ:ARCC) last announced its quarterly earnings data on Wednesday, August 2nd. The investment management company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $284.00 million during the quarter, compared to the consensus estimate of $297.77 million. During the same quarter in the prior year, the business posted $0.50 EPS. Analysts forecast that Ares Capital Corporation will post $1.40 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 9.16%. Ares Capital Corporation’s dividend payout ratio (DPR) is presently 117.83%.

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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