Sequoia Financial Advisors LLC Buys 7,307 Shares of Ares Capital Co. (NASDAQ:ARCC)

Sequoia Financial Advisors LLC boosted its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 58.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,881 shares of the investment management company’s stock after purchasing an additional 7,307 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Ares Capital were worth $357,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Stephens Inc. AR boosted its position in shares of Ares Capital by 0.4% in the first quarter. Stephens Inc. AR now owns 161,135 shares of the investment management company’s stock valued at $2,762,000 after acquiring an additional 565 shares during the period. Nordea Investment Management AB boosted its position in shares of Ares Capital by 50.9% in the first quarter. Nordea Investment Management AB now owns 1,684 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 568 shares during the period. MBM Wealth Consultants LLC boosted its position in shares of Ares Capital by 2.0% in the second quarter. MBM Wealth Consultants LLC now owns 32,806 shares of the investment management company’s stock valued at $590,000 after acquiring an additional 632 shares during the period. Wambolt & Associates LLC boosted its position in shares of Ares Capital by 0.8% in the second quarter. Wambolt & Associates LLC now owns 84,062 shares of the investment management company’s stock valued at $1,508,000 after acquiring an additional 693 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its position in shares of Ares Capital by 6.4% in the second quarter. SeaCrest Wealth Management LLC now owns 12,844 shares of the investment management company’s stock valued at $230,000 after acquiring an additional 774 shares during the period. 37.42% of the stock is owned by hedge funds and other institutional investors.

ARCC stock traded down $0.13 during midday trading on Wednesday, reaching $18.41. The company had a trading volume of 12,585 shares, compared to its average volume of 1,815,459. The stock has a market capitalization of $7.91 billion, a P/E ratio of 10.96 and a beta of 0.61. The company’s 50 day simple moving average is $18.20. Ares Capital Co. has a 1-year low of $14.50 and a 1-year high of $18.83. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 2.10.



Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings results on Tuesday, July 30th. The investment management company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.05. The business had revenue of $382.00 million during the quarter, compared to the consensus estimate of $363.60 million. Ares Capital had a return on equity of 10.72% and a net margin of 53.81%. Ares Capital’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Research analysts anticipate that Ares Capital Co. will post 1.85 EPS for the current year.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Ares Capital from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. National Securities reissued a “buy” rating and issued a $20.00 target price on shares of Ares Capital in a research report on Wednesday, May 1st. Wedbush set a $20.00 target price on shares of Ares Capital and gave the company a “buy” rating in a research report on Tuesday, May 14th. Raymond James boosted their target price on shares of Ares Capital from $19.00 to $19.50 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets set a $19.00 target price on shares of Ares Capital and gave the company a “hold” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $19.25.

In other Ares Capital news, CFO Penelope F. Roll bought 2,000 shares of the stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of $18.36 per share, with a total value of $36,720.00. Following the completion of the purchase, the chief financial officer now owns 11,147 shares in the company, valued at $204,658.92. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel G. Kelly, Jr. bought 6,000 shares of the stock in a transaction on Thursday, August 1st. The shares were acquired at an average cost of $18.44 per share, with a total value of $110,640.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 12,900 shares of company stock valued at $235,559. 0.53% of the stock is owned by insiders.

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.

See Also: What is the balance sheet?

Want to see what other hedge funds are holding ARCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ares Capital Co. (NASDAQ:ARCC).

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

Receive News & Ratings for Ares Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Capital and related companies with MarketBeat.com's FREE daily email newsletter.