Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Ares Capital Co. (NASDAQ:ARCC – Free Report) by 200.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,169 shares of the investment management company’s stock after acquiring an additional 6,113 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Ares Capital were worth $168,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in ARCC. Householder Group Estate & Retirement Specialist LLC bought a new stake in Ares Capital during the first quarter worth approximately $27,000. Ridgewood Investments LLC bought a new stake in Ares Capital during the first quarter worth approximately $37,000. ZRC Wealth Management LLC bought a new stake in Ares Capital during the first quarter worth approximately $46,000. Coppell Advisory Solutions Corp. bought a new stake in Ares Capital during the fourth quarter worth approximately $49,000. Finally, Oliver Lagore Vanvalin Investment Group grew its stake in shares of Ares Capital by 833.3% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 2,800 shares of the investment management company’s stock valued at $52,000 after buying an additional 2,500 shares during the last quarter. 30.33% of the stock is owned by institutional investors.
Ares Capital Stock Up 0.6 %
Shares of NASDAQ:ARCC opened at $19.28 on Monday. Ares Capital Co. has a 52-week low of $16.53 and a 52-week high of $20.59. The stock has a market cap of $10.75 billion, a P/E ratio of 11.68 and a beta of 1.00. The business’s 50 day moving average is $19.14 and its 200 day moving average is $18.80. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.10.
Ares Capital Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.92 annualized dividend and a yield of 9.96%. Ares Capital’s dividend payout ratio (DPR) is presently 116.36%.
Analyst Ratings Changes
A number of research firms have recently commented on ARCC. TheStreet raised Ares Capital from a “c+” rating to a “b” rating in a research note on Thursday, May 25th. B. Riley upped their target price on Ares Capital from $20.50 to $21.00 in a research note on Wednesday, July 26th. JMP Securities reaffirmed a “market outperform” rating and set a $20.00 target price on shares of Ares Capital in a research note on Wednesday, July 26th. StockNews.com began coverage on Ares Capital in a research note on Thursday. They set a “hold” rating on the stock. Finally, Citigroup upped their target price on Ares Capital from $20.00 to $21.00 in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.00.
Get Our Latest Research Report on Ares Capital
About Ares Capital
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.
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