Ares Capital Corporation $ARCC Stock Position Cut by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA decreased its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 58.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,925 shares of the investment management company’s stock after selling 66,052 shares during the period. Union Bancaire Privee UBP SA’s holdings in Ares Capital were worth $822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Palladiem LLC bought a new position in shares of Ares Capital in the fourth quarter valued at approximately $26,000. SWAN Capital LLC acquired a new stake in Ares Capital in the third quarter worth approximately $27,000. Sankala Group LLC acquired a new stake in Ares Capital in the fourth quarter worth approximately $28,000. Core Wealth Advisors LLC acquired a new stake in Ares Capital in the fourth quarter worth approximately $33,000. Finally, Quarry LP bought a new position in Ares Capital during the 3rd quarter valued at $33,000. 27.38% of the stock is currently owned by institutional investors.

Ares Capital Trading Up 0.1%

Shares of ARCC opened at $18.21 on Monday. The business’s 50-day moving average price is $18.73 and its 200 day moving average price is $19.18. The stock has a market capitalization of $13.08 billion, a P/E ratio of 11.17 and a beta of 0.56. Ares Capital Corporation has a 1-year low of $17.40 and a 1-year high of $23.42. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.13.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings data on Tuesday, April 28th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). Ares Capital had a return on equity of 9.85% and a net margin of 37.30%.The company had revenue of $763.00 million for the quarter, compared to analyst estimates of $778.00 million. During the same quarter in the previous year, the firm posted $0.50 EPS. Ares Capital’s quarterly revenue was up 4.2% on a year-over-year basis. 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 Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.48 per share. The ex-dividend date is Monday, June 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.5%. Ares Capital’s payout ratio is currently 117.79%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ARCC shares. Citizens Jmp dropped their price objective on 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. JPMorgan Chase & Co. dropped their price target on shares of Ares Capital from $22.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Capital in a research report on Tuesday, June 9th. Royal Bank Of Canada lowered their price objective 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. Finally, B. Riley Financial dropped their target price on shares of Ares Capital from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Ares Capital currently has an average rating of “Moderate Buy” and an average price target of $20.65.

Ares Capital 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.