Ares Capital Co. (NASDAQ:ARCC) CFO Penelope F. Roll purchased 3,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was acquired at an average price of $15.81 per share, with a total value of $47,430.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Ares Capital Co. (ARCC) opened at $15.98 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.04 and a quick ratio of 1.04. Ares Capital Co. has a 12 month low of $15.03 and a 12 month high of $17.87. The company has a market cap of $6,812.26, a price-to-earnings ratio of 11.41, a PEG ratio of 3.42 and a beta of 0.62.
Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings data on Tuesday, February 13th. The investment management company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. Ares Capital had a net margin of 57.50% and a return on equity of 8.43%. The company had revenue of $307.00 million for the quarter, compared to analyst estimates of $301.38 million. During the same period in the prior year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. sell-side analysts anticipate that Ares Capital Co. will post 1.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.51%. The ex-dividend date is Wednesday, March 14th. Ares Capital’s dividend payout ratio is currently 96.82%.
Several brokerages have issued reports on ARCC. Oppenheimer set a $18.00 price target on shares of Ares Capital and gave the company a “buy” rating in a research report on Tuesday, February 13th. Wedbush began coverage on shares of Ares Capital in a research report on Monday, November 27th. They issued an “outperform” rating and a $18.00 price target for the company. Zacks Investment Research lowered shares of Ares Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. National Securities reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Ares Capital in a research note on Friday, November 3rd. Finally, TheStreet raised shares of Ares Capital from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. Ares Capital presently has an average rating of “Buy” and an average price target of $18.00.
Large investors have recently bought and sold shares of the company. Alpha Windward LLC boosted its stake in Ares Capital by 4,144.7% during the third quarter. Alpha Windward LLC now owns 29,925 shares of the investment management company’s stock worth $490,000 after acquiring an additional 29,220 shares in the last quarter. Summit X LLC boosted its stake in Ares Capital by 61.8% during the third quarter. Summit X LLC now owns 19,270 shares of the investment management company’s stock worth $315,000 after acquiring an additional 7,360 shares in the last quarter. Intl Fcstone Inc. bought a new position in Ares Capital during the second quarter worth $1,084,000. IFC Holdings Incorporated FL bought a new position in Ares Capital during the third quarter worth $677,000. Finally, Boston Partners boosted its stake in Ares Capital by 29.5% during the third quarter. Boston Partners now owns 468,278 shares of the investment management company’s stock worth $7,675,000 after acquiring an additional 106,713 shares in the last quarter. 42.46% of the stock is currently owned by institutional investors.
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About Ares Capital
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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