Quantinno Capital Management LP Purchases 1,083 Shares of Ares Capital Co. (NASDAQ:ARCC)

Quantinno Capital Management LP raised its position in Ares Capital Co. (NASDAQ:ARCC) by 10.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,291 shares of the investment management company’s stock after buying an additional 1,083 shares during the quarter. Quantinno Capital Management LP’s holdings in Ares Capital were worth $236,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. JBR Co Financial Management Inc boosted its holdings in Ares Capital by 1.5% during the third quarter. JBR Co Financial Management Inc now owns 33,047 shares of the investment management company’s stock worth $692,000 after purchasing an additional 500 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its stake in 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 buying an additional 531 shares during the last quarter. Centaurus Financial Inc. lifted its position in Ares Capital by 3.9% during the 2nd quarter. Centaurus Financial Inc. now owns 14,428 shares of the investment management company’s stock worth $301,000 after buying an additional 542 shares in the last quarter. Western Financial Corp CA boosted its stake in shares of Ares Capital by 2.3% during the 3rd quarter. Western Financial Corp CA now owns 25,823 shares of the investment management company’s stock worth $541,000 after buying an additional 579 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings 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 acquiring an additional 629 shares in the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ARCC shares. StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Wells Fargo & Company upgraded Ares Capital from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. B. Riley raised their target price on shares of Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, UBS Group raised shares of Ares Capital to a “hold” rating in a research report on Friday, August 23rd. Three equities research 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.29.

Ares Capital Trading Down 1.2 %

ARCC stock opened at $21.42 on Tuesday. Ares Capital Co. has a one year low of $19.32 and a one year high of $22.43. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 8.24 and a beta of 1.01. The company has a fifty day moving average price of $21.65 and a two-hundred day moving average price of $21.13. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29.

Ares Capital (NASDAQ:ARCC) last announced 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 company had revenue of $755.00 million for the quarter, compared to the consensus estimate of $770.45 million. Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS. Equities analysts anticipate that Ares Capital Co. will post 2.36 EPS for the current year.

Ares Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.48 per share. The ex-dividend date is Friday, December 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.96%. Ares Capital’s dividend payout ratio (DPR) is currently 73.85%.

Ares Capital Company Profile

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.