23,695 Shares in Ares Capital Co. (NASDAQ:ARCC) Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in Ares Capital Co. (NASDAQ:ARCC) during the fourth quarter, Holdings Channel.com reports. The fund bought 23,695 shares of the investment management company’s stock, valued at approximately $519,000.

Several other hedge funds and other institutional investors have also modified their holdings of ARCC. Horizon Financial Services LLC bought a new position in Ares Capital during the third quarter valued at about $28,000. Blue Trust Inc. increased its stake in Ares Capital by 56.8% in the third quarter. Blue Trust Inc. now owns 2,510 shares of the investment management company’s stock valued at $52,000 after acquiring an additional 909 shares during the period. Quarry LP acquired a new position in Ares Capital in the third quarter worth about $67,000. Centennial Bank AR bought a new position in Ares Capital during the third quarter worth about $102,000. Finally, FSC Wealth Advisors LLC boosted its holdings in Ares Capital by 562.5% during the third quarter. FSC Wealth Advisors LLC now owns 5,300 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ARCC. B. Riley raised their target price on Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company lifted their price objective on Ares Capital from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, StockNews.com upgraded shares of Ares Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.43.

Ares Capital Price Performance

ARCC opened at $23.67 on Friday. 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 stock has a market capitalization of $15.29 billion, a P/E ratio of 9.10 and a beta of 1.00. The company’s 50 day simple moving average is $22.28 and its 200-day simple moving average is $21.45. Ares Capital Co. has a one year low of $19.32 and a one year high of $23.74.

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

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.