Quantbot Technologies LP Has $1.89 Million Stake in Ares Capital Corporation $ARCC

Quantbot Technologies LP cut its stake in Ares Capital Corporation (NASDAQ:ARCC) by 56.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 92,472 shares of the investment management company’s stock after selling 118,178 shares during the period. Quantbot Technologies LP’s holdings in Ares Capital were worth $1,887,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. City Holding Co. boosted its position in shares of Ares Capital by 444.4% during the third quarter. City Holding Co. now owns 1,225 shares of the investment management company’s stock worth $25,000 after buying an additional 1,000 shares during the period. Fourth Dimension Wealth LLC bought a new stake in Ares Capital in the 2nd quarter valued at approximately $29,000. NBT Bank N A NY acquired a new position in Ares Capital during the 3rd quarter worth approximately $31,000. WFA of San Diego LLC bought a new position in shares of Ares Capital during the 2nd quarter worth approximately $36,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Ares Capital in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ARCC. Wall Street Zen cut shares of Ares Capital from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ares Capital in a research report on Monday, December 29th. Royal Bank Of Canada decreased their price objective on Ares Capital from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, February 9th. Wells Fargo & Company lowered their target price on Ares Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ares Capital in a report on Monday, February 9th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Ares Capital has an average rating of “Moderate Buy” and an average price target of $22.00.

Ares Capital Stock Up 0.9%

Shares of ARCC stock opened at $19.13 on Thursday. Ares Capital Corporation has a 52-week low of $18.17 and a 52-week high of $23.42. The stock has a market cap of $13.74 billion, a price-to-earnings ratio of 10.28 and a beta of 0.59. The firm’s 50-day moving average is $19.94 and its 200-day moving average is $20.45. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.70 and a current ratio of 1.70.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Ares Capital had a return on equity of 9.89% and a net margin of 42.56%.The firm had revenue of $793.00 million for the quarter, compared to the consensus estimate of $795.20 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. Sell-side analysts predict that Ares Capital Corporation will post 2.19 EPS for the current year.

Ares Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date is Friday, March 13th. Ares Capital’s dividend payout ratio is 103.23%.

Insider Buying and Selling at Ares Capital

In related news, CFO Scott C. Lem acquired 5,186 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were bought at an average cost of $19.29 per share, with a total value of $100,037.94. Following the completion of the transaction, the chief financial officer directly owned 39,463 shares of the company’s stock, valued at $761,241.27. This trade represents a 15.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Kort Schnabel bought 12,500 shares of Ares Capital stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average cost of $19.13 per share, with a total value of $239,125.00. Following the acquisition, the chief executive officer directly owned 40,500 shares in the company, valued at $774,765. This trade represents a 44.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.48% of the company’s stock.

Ares Capital Company Profile

Ares Capital Corporation (NASDAQ: ARCC) is a publicly traded business development company (BDC) that specializes in providing debt and equity financing solutions to U.S. middle-market companies. As a BDC, Ares Capital offers investors access to a diversified portfolio of tailored credit investments, including senior secured loans, unitranche financing, mezzanine debt and equity co-investments. The firm’s flexible capital structures are designed to support companies seeking growth capital, refinancing or strategic acquisitions.

Through its credit platform, Ares Capital focuses on originations, underwriting and portfolio management across a range of industries, with a particular emphasis on sectors such as healthcare, technology, industrials and business services.