Roman Butler Fullerton & Co. Purchases New Shares in Ares Capital Corporation $ARCC

Roman Butler Fullerton & Co. purchased a new position in shares of Ares Capital Corporation (NASDAQ:ARCC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,231 shares of the investment management company’s stock, valued at approximately $545,000.

A number of other institutional investors have also added to or reduced their stakes in ARCC. Palladiem LLC bought a new position in shares of Ares Capital during the 4th quarter worth approximately $26,000. SWAN Capital LLC bought a new position in shares of Ares Capital in the third quarter valued at approximately $27,000. Sankala Group LLC purchased a new stake in shares of Ares Capital during the fourth quarter valued at approximately $28,000. Core Wealth Advisors LLC purchased a new stake in shares of Ares Capital during the fourth quarter valued at approximately $33,000. Finally, Quarry LP bought a new stake in Ares Capital during the third quarter worth $33,000. 27.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ARCC. Citizens Jmp cut their price objective on Ares Capital from $23.00 to $22.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. B. Riley Financial lowered their target price on Ares Capital from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Royal Bank Of Canada cut their price target on shares of Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Keefe, Bruyette & Woods cut their price target on shares of Ares Capital from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $19.00 price target (down from $20.00) on shares of Ares Capital in a research report on Friday, June 12th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $20.40.

Ares Capital Stock Performance

NASDAQ:ARCC opened at $19.87 on Monday. Ares Capital Corporation has a 12 month low of $17.40 and a 12 month high of $22.76. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average is $18.86 and its 200 day moving average is $18.82. The stock has a market capitalization of $14.27 billion, a PE ratio of 14.72 and a beta of 0.56.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings data on Wednesday, July 29th. The investment management company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Ares Capital had a return on equity of 9.80% and a net margin of 30.91%.The business had revenue of $768.00 million during the quarter, compared to analyst estimates of $770.19 million. During the same period in the prior year, the company earned $0.50 earnings per share. Sell-side analysts expect that Ares Capital Corporation will post 1.91 earnings per share for the current year.

Ares Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.48 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.92 annualized dividend and a dividend yield of 9.7%. Ares Capital’s dividend payout ratio is presently 142.22%.

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.