OMERS ADMINISTRATION Corp Purchases 154,541 Shares of Ares Capital Corporation $ARCC

OMERS ADMINISTRATION Corp increased its position in Ares Capital Corporation (NASDAQ:ARCC) by 7.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,360,055 shares of the investment management company’s stock after buying an additional 154,541 shares during the period. OMERS ADMINISTRATION Corp owned about 0.33% of Ares Capital worth $47,744,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Canal Capital Management LLC boosted its holdings in Ares Capital by 1.6% in the 4th quarter. Canal Capital Management LLC now owns 32,955 shares of the investment management company’s stock worth $667,000 after buying an additional 520 shares during the period. Perigon Wealth Management LLC boosted its holdings in Ares Capital by 1.6% in the 4th quarter. Perigon Wealth Management LLC now owns 34,700 shares of the investment management company’s stock worth $702,000 after buying an additional 547 shares during the period. Diversify Advisory Services LLC boosted its holdings in Ares Capital by 2.0% in the 4th quarter. Diversify Advisory Services LLC now owns 28,186 shares of the investment management company’s stock worth $589,000 after buying an additional 563 shares during the period. Parallel Advisors LLC boosted its holdings in Ares Capital by 1.0% in the 3rd quarter. Parallel Advisors LLC now owns 57,092 shares of the investment management company’s stock worth $1,165,000 after buying an additional 567 shares during the period. Finally, Moody National Bank Trust Division boosted its holdings in Ares Capital by 3.9% in the 4th quarter. Moody National Bank Trust Division now owns 15,840 shares of the investment management company’s stock worth $320,000 after buying an additional 593 shares during the period. Institutional investors own 27.38% of the company’s stock.

Ares Capital Stock Down 3.3%

Shares of ARCC stock opened at $18.62 on Tuesday. The stock has a market cap of $13.37 billion, a P/E ratio of 11.42 and a beta of 0.56. Ares Capital Corporation has a 52 week low of $17.40 and a 52 week high of $23.42. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.13. The company’s fifty day simple moving average is $18.77 and its two-hundred day simple moving average is $19.35.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings results on Tuesday, April 28th. The investment management company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $763.00 million during the quarter, compared to analysts’ expectations of $778.00 million. Ares Capital had a return on equity of 9.85% and a net margin of 37.30%.The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. Analysts predict that Ares Capital Corporation will post 1.91 EPS for the current fiscal year.

Ares Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.3%. The ex-dividend date is Monday, June 15th. Ares Capital’s dividend payout ratio is currently 117.79%.

Wall Street Analyst Weigh In

ARCC has been the subject of several recent analyst reports. Royal Bank Of Canada dropped their target price on shares of Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Oppenheimer decreased their price target on shares of Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods decreased their price target on shares of Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ares Capital in a research note on Tuesday, June 9th. Finally, Citizens Jmp decreased their price target on shares of Ares Capital from $23.00 to $22.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.65.

About Ares Capital

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.