Larson Financial Group LLC Has $1.69 Million Stock Position in Ares Capital Co. (NASDAQ:ARCC)

Larson Financial Group LLC trimmed its stake in Ares Capital Co. (NASDAQ:ARCC) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,383 shares of the investment management company’s stock after selling 2,233 shares during the quarter. Larson Financial Group LLC’s holdings in Ares Capital were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC acquired a new stake in shares of Ares Capital in the third quarter worth $25,000. Cape Investment Advisory Inc. grew its stake in shares of Ares Capital by 411.0% in the third quarter. Cape Investment Advisory Inc. now owns 1,952 shares of the investment management company’s stock worth $38,000 after acquiring an additional 1,570 shares during the last quarter. Activest Wealth Management grew its stake in shares of Ares Capital by 137.2% in the fourth quarter. Activest Wealth Management now owns 2,142 shares of the investment management company’s stock worth $43,000 after acquiring an additional 1,239 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC grew its stake in shares of Ares Capital by 59.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 2,351 shares of the investment management company’s stock worth $47,000 after acquiring an additional 875 shares during the last quarter. Finally, CVA Family Office LLC acquired a new stake in shares of Ares Capital in the fourth quarter worth $51,000. Institutional investors own 27.38% of the company’s stock.

Ares Capital Trading Up 0.1 %

Shares of Ares Capital stock traded up $0.03 during trading on Tuesday, hitting $20.69. 1,157,117 shares of the company were exchanged, compared to its average volume of 3,580,705. The firm has a market capitalization of $12.55 billion, a P/E ratio of 7.74 and a beta of 1.00. Ares Capital Co. has a 1-year low of $17.53 and a 1-year high of $20.86. The firm’s fifty day moving average price is $20.32 and its 200 day moving average price is $19.98. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.24 and a quick ratio of 1.24.

Ares Capital (NASDAQ:ARCC) last posted its earnings results on Wednesday, February 7th. The investment management company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. Ares Capital had a return on equity of 12.50% and a net margin of 58.22%. The company had revenue of $707.00 million during the quarter, compared to analyst estimates of $669.78 million. During the same period in the previous year, the company earned $0.68 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, sell-side analysts expect that Ares Capital Co. will post 2.35 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 9.28%. Ares Capital’s dividend payout ratio is presently 71.91%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ARCC shares. Wells Fargo & Company lifted their price target on shares of Ares Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. B. Riley downgraded shares of Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research note on Monday, January 8th. Finally, JMP Securities restated a “market outperform” rating and issued a $21.00 target price on shares of Ares Capital in a research note on Tuesday, March 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Ares Capital currently has a consensus rating of “Hold” and an average target price of $20.80.

Ares Capital Profile

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.