Virtu Financial LLC Makes New $1.67 Million Investment in Ares Capital Corporation $ARCC

Virtu Financial LLC purchased a new stake in Ares Capital Corporation (NASDAQ:ARCC) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 82,612 shares of the investment management company’s stock, valued at approximately $1,671,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Palladiem LLC bought a new position in shares of Ares Capital during the 4th quarter valued at about $26,000. SWAN Capital LLC bought a new stake in shares of Ares Capital in the 3rd quarter worth approximately $27,000. Core Wealth Advisors LLC acquired a new stake in Ares Capital during the fourth quarter valued at approximately $33,000. Quarry LP acquired a new stake in Ares Capital during the third quarter valued at approximately $33,000. Finally, WFA of San Diego LLC bought a new stake in Ares Capital during the second quarter worth approximately $36,000. 27.38% of the stock is owned by institutional investors and hedge funds.

Ares Capital Price Performance

Shares of NASDAQ:ARCC opened at $18.03 on Friday. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 11.06 and a beta of 0.56. The business has a 50 day moving average price of $18.77 and a 200 day moving average price of $19.29. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.13. Ares Capital Corporation has a twelve month low of $17.40 and a twelve month high of $23.42.

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

Ares Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.48 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.6%. Ares Capital’s dividend payout ratio (DPR) is currently 117.79%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ARCC. 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 report on Wednesday, April 29th. Wells Fargo & Company reissued an “equal weight” rating and set a $19.00 price objective (down from $20.00) on shares of Ares Capital in a research note on Friday, June 12th. Royal Bank Of Canada decreased their target price on Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. B. Riley Financial cut their target price on Ares Capital from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. decreased their price target on Ares Capital from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.65.

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.