Baugh & Associates LLC Invests $3.25 Million in Ares Capital Co. (ARCC)

Baugh & Associates LLC acquired a new stake in Ares Capital Co. (NASDAQ:ARCC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 206,974 shares of the investment management company’s stock, valued at approximately $3,254,000. Ares Capital accounts for about 2.7% of Baugh & Associates LLC’s investment portfolio, making the stock its 21st largest holding.

Several other large investors also recently bought and sold shares of ARCC. Alliancebernstein L.P. lifted its stake in shares of Ares Capital by 7.1% in the 2nd quarter. Alliancebernstein L.P. now owns 60,050 shares of the investment management company’s stock valued at $984,000 after purchasing an additional 3,970 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Ares Capital by 3.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 152,665 shares of the investment management company’s stock valued at $2,501,000 after purchasing an additional 5,330 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Ares Capital in the 2nd quarter valued at approximately $476,000. Intl Fcstone Inc. bought a new stake in shares of Ares Capital in the 2nd quarter valued at approximately $1,084,000. Finally, Baltimore Washington Financial Advisors Inc. lifted its stake in shares of Ares Capital by 1.4% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 539,333 shares of the investment management company’s stock valued at $8,840,000 after purchasing an additional 7,345 shares during the last quarter. 43.62% of the stock is owned by institutional investors and hedge funds.

Shares of Ares Capital Co. (NASDAQ ARCC) opened at $16.08 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.66. Ares Capital Co. has a fifty-two week low of $15.03 and a fifty-two week high of $17.87. The firm has a market capitalization of $6,782.42, a P/E ratio of 10.24, a PEG ratio of 3.39 and a beta of 0.62.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings results on Tuesday, February 13th. The investment management company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. Ares Capital had a return on equity of 8.45% and a net margin of 57.50%. The firm had revenue of $307.00 million for the quarter, compared to the consensus estimate of $301.38 million. During the same period in the prior year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. research analysts anticipate that Ares Capital Co. will post 1.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a $0.38 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 9.45%. Ares Capital’s payout ratio is 96.82%.

ARCC has been the subject of several analyst reports. BidaskClub lowered Ares Capital from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Zacks Investment Research lowered Ares Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. TheStreet raised Ares Capital from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. Compass Point initiated coverage on Ares Capital in a research note on Wednesday, December 6th. They issued a “buy” rating and a $17.50 price objective for the company. Finally, Wedbush initiated coverage on Ares Capital in a research note on Monday, November 27th. They issued an “outperform” rating and a $18.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The stock currently 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.

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

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