Centaurus Financial Inc. Raises Holdings in Ares Capital Co. (NASDAQ:ARCC)

Centaurus Financial Inc. boosted its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 4.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 15,098 shares of the investment management company’s stock after buying an additional 670 shares during the quarter. Centaurus Financial Inc.’s holdings in Ares Capital were worth $316,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ARCC. Larson Financial Group LLC lifted its holdings in Ares Capital by 6.0% in the 3rd quarter. Larson Financial Group LLC now owns 91,817 shares of the investment management company’s stock worth $1,923,000 after buying an additional 5,207 shares during the period. Baltimore Washington Financial Advisors Inc. lifted its holdings in Ares Capital by 5.6% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 428,184 shares of the investment management company’s stock worth $8,966,000 after buying an additional 22,755 shares during the period. Kingsview Wealth Management LLC lifted its holdings in Ares Capital by 6.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 84,253 shares of the investment management company’s stock worth $1,764,000 after buying an additional 4,991 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in Ares Capital by 43.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 17,900 shares of the investment management company’s stock worth $375,000 after buying an additional 5,403 shares during the period. Finally, Raymond James Trust N.A. lifted its holdings in Ares Capital by 43.1% in the 3rd quarter. Raymond James Trust N.A. now owns 36,029 shares of the investment management company’s stock worth $754,000 after buying an additional 10,858 shares during the period. 27.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group upgraded Ares Capital to a “hold” rating in a research note 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. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of Ares Capital in a research note on Monday, August 5th. Finally, StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.86.

Ares Capital Stock Up 0.0 %

ARCC stock opened at $22.01 on Thursday. Ares Capital Co. has a twelve month low of $19.32 and a twelve month high of $22.15. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. The firm has a market cap of $14.22 billion, a PE ratio of 8.47 and a beta of 1.01. The business has a 50 day moving average of $21.29 and a 200 day moving average of $21.05.

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

Ares Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.72%. The ex-dividend date is Friday, December 13th. Ares Capital’s payout ratio is 73.85%.

Ares Capital Company 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.