Wealth Enhancement Advisory Services LLC Has $5.65 Million Stock Position in Ares Capital Co. (NASDAQ:ARCC)

Wealth Enhancement Advisory Services LLC lifted its stake in Ares Capital Co. (NASDAQ:ARCC) by 1.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 269,555 shares of the investment management company’s stock after purchasing an additional 2,596 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Ares Capital were worth $5,645,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. JBR Co Financial Management Inc boosted its position in shares of Ares Capital by 1.5% in the 3rd quarter. JBR Co Financial Management Inc now owns 33,047 shares of the investment management company’s stock valued at $692,000 after purchasing an additional 500 shares during the period. Onyx Bridge Wealth Group LLC boosted its position in shares of Ares Capital by 1.2% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 43,609 shares of the investment management company’s stock valued at $913,000 after purchasing an additional 531 shares during the period. Centaurus Financial Inc. boosted its position in shares of Ares Capital by 3.9% in the 2nd quarter. Centaurus Financial Inc. now owns 14,428 shares of the investment management company’s stock valued at $301,000 after purchasing an additional 542 shares during the period. Western Financial Corp CA boosted its position in shares of Ares Capital by 2.3% in the 3rd quarter. Western Financial Corp CA now owns 25,823 shares of the investment management company’s stock valued at $541,000 after purchasing an additional 579 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Ares Capital by 6.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,842 shares of the investment management company’s stock valued at $227,000 after purchasing an additional 629 shares during the period. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Stock Up 0.5 %

ARCC opened at $22.10 on Tuesday. Ares Capital Co. has a fifty-two week low of $19.32 and a fifty-two week high of $22.43. The business has a 50-day moving average of $21.82 and a 200-day moving average of $21.24. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $14.28 billion, a PE ratio of 8.50 and a beta of 1.00.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Wednesday, October 30th. The investment management company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). Ares Capital had a net margin of 53.71% and a return on equity of 12.06%. The company had revenue of $755.00 million during the quarter, compared to the consensus estimate of $770.45 million. During the same period in the previous year, the business posted $0.59 earnings per share. The firm’s revenue was up 15.3% on a year-over-year basis. Equities research analysts forecast that Ares Capital Co. will post 2.36 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.69%. The ex-dividend date was Friday, December 13th. Ares Capital’s payout ratio is 73.85%.

Analyst Ratings Changes

Several brokerages recently issued reports on ARCC. B. Riley increased their price objective on Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised Ares Capital from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. Finally, StockNews.com raised Ares Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ares Capital presently has a consensus rating of “Moderate Buy” and an average price target of $22.29.

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.