Quantbot Technologies LP Has $6.69 Million Stock Holdings in Ares Capital Co. (NASDAQ:ARCC)

Quantbot Technologies LP raised its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 68.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 319,223 shares of the investment management company’s stock after purchasing an additional 129,899 shares during the quarter. Quantbot Technologies LP’s holdings in Ares Capital were worth $6,685,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in Ares Capital by 2,104.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,613,285 shares of the investment management company’s stock valued at $756,620,000 after buying an additional 3,449,395 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Ares Capital by 20.2% in the 2nd quarter. Van ECK Associates Corp now owns 11,681,109 shares of the investment management company’s stock valued at $243,434,000 after purchasing an additional 1,961,166 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Ares Capital by 143.9% in the 1st quarter. Cetera Investment Advisers now owns 820,390 shares of the investment management company’s stock worth $17,081,000 after purchasing an additional 484,088 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in shares of Ares Capital during the 2nd quarter worth about $9,815,000. Finally, Boston Partners bought a new position in Ares Capital during the 1st quarter valued at about $7,792,000. 27.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Ares Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. UBS Group upgraded Ares Capital to a “hold” rating in a report on Friday, August 23rd. B. Riley raised their target price on Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Compass Point raised shares of Ares Capital to a “strong-buy” rating in a report on Tuesday, July 30th. Finally, JMP Securities boosted their target price on shares of Ares Capital from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 30th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.86.

Ares Capital Stock Performance

ARCC opened at $22.00 on Tuesday. The company has a market capitalization of $14.21 billion, a price-to-earnings ratio of 8.46 and a beta of 1.01. The business’s 50-day moving average price is $21.25 and its two-hundred day moving average price is $21.05. Ares Capital Co. has a 1 year low of $19.32 and a 1 year high of $22.15. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29.

Ares Capital (NASDAQ:ARCC) last released its earnings results on Wednesday, October 30th. The investment management company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.01). The firm had revenue of $755.00 million during the quarter, compared to the consensus estimate of $770.45 million. Ares Capital had a net margin of 53.71% and a return on equity of 12.06%. The company’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. Equities analysts expect that Ares Capital Co. will post 2.36 EPS for the current fiscal year.

Ares Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.92 annualized dividend and a yield of 8.73%. Ares Capital’s payout ratio is currently 73.85%.

About Ares Capital

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.