California Public Employees Retirement System Increases Holdings in Ares Capital Co. (ARCC)

California Public Employees Retirement System raised its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 922,100 shares of the investment management company’s stock after purchasing an additional 26,600 shares during the period. California Public Employees Retirement System owned 0.22% of Ares Capital worth $14,495,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Venturi Wealth Management LLC grew its holdings in Ares Capital by 2.4% during the third quarter. Venturi Wealth Management LLC now owns 133,545 shares of the investment management company’s stock valued at $2,191,000 after purchasing an additional 3,168 shares during the period. Global X MANAGEMENT CO LLC lifted its position in shares of Ares Capital by 46.6% during the third quarter. Global X MANAGEMENT CO LLC now owns 11,811 shares of the investment management company’s stock worth $194,000 after acquiring an additional 3,756 shares in the last quarter. V Wealth Management LLC lifted its position in shares of Ares Capital by 9.4% during the fourth quarter. V Wealth Management LLC now owns 43,638 shares of the investment management company’s stock worth $699,000 after acquiring an additional 3,757 shares in the last quarter. Silver Capital Management LLC lifted its position in shares of Ares Capital by 7.9% during the third quarter. Silver Capital Management LLC now owns 51,320 shares of the investment management company’s stock worth $841,000 after acquiring an additional 3,770 shares in the last quarter. Finally, Summit X LLC lifted its position in shares of Ares Capital by 20.0% during the fourth quarter. Summit X LLC now owns 23,120 shares of the investment management company’s stock worth $364,000 after acquiring an additional 3,850 shares in the last quarter. 42.46% of the stock is owned by institutional investors and hedge funds.

Shares of Ares Capital Co. (NASDAQ ARCC) opened at $15.90 on Friday. 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 stock has a market capitalization of $6,780.00, a price-to-earnings ratio of 10.13, a P/E/G ratio of 3.39 and a beta of 0.62.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Tuesday, February 13th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. Ares Capital had a return on equity of 8.43% and a net margin of 57.50%. The company had revenue of $307.00 million for the quarter, compared to the consensus estimate of $301.38 million. During the same quarter last year, the business posted $0.42 earnings per share. The firm’s revenue was up 17.6% compared to the same quarter last year. analysts expect that Ares Capital Co. will post 1.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.56%. Ares Capital’s dividend payout ratio (DPR) is presently 96.82%.

In other Ares Capital news, CFO Penelope F. Roll acquired 3,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were bought at an average price of $15.81 per share, for a total transaction of $47,430.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 3,400 shares of company stock worth $53,818 in the last quarter. 0.45% of the stock is currently owned by company insiders.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Ares Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. BidaskClub downgraded Ares Capital from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 5th. National Securities restated a “buy” rating and set a $19.00 target price on shares of Ares Capital in a research report on Friday, November 3rd. Compass Point assumed coverage on Ares Capital in a research report on Wednesday, December 6th. They set a “buy” rating and a $17.50 target price on the stock. Finally, TheStreet downgraded Ares Capital from a “b” rating to a “c+” rating in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Ares Capital has a consensus rating of “Buy” and an average target price of $18.00.

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Ares Capital Company Profile

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.

Institutional Ownership by Quarter for Ares Capital (NASDAQ:ARCC)

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