Heritage Wealth Advisors Has $91,000 Stock Holdings in Ares Capital Co. (NASDAQ:ARCC)

Heritage Wealth Advisors trimmed its position in Ares Capital Co. (NASDAQ:ARCC) by 65.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,150 shares of the investment management company’s stock after selling 7,700 shares during the quarter. Heritage Wealth Advisors’ holdings in Ares Capital were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Cyndeo Wealth Partners LLC boosted its holdings in Ares Capital by 2.3% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 19,148 shares of the investment management company’s stock valued at $419,000 after acquiring an additional 430 shares during the period. Fiduciary Group LLC boosted its stake in Ares Capital by 2.3% during the 4th quarter. Fiduciary Group LLC now owns 21,851 shares of the investment management company’s stock valued at $478,000 after purchasing an additional 500 shares during the period. Sheaff Brock Investment Advisors LLC grew its holdings in Ares Capital by 0.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 56,182 shares of the investment management company’s stock valued at $1,230,000 after buying an additional 512 shares during the last quarter. Western Financial Corp CA grew its holdings in Ares Capital by 2.2% in the 4th quarter. Western Financial Corp CA now owns 26,387 shares of the investment management company’s stock valued at $578,000 after buying an additional 564 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its position in Ares Capital by 1.6% in the 4th quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company’s stock worth $812,000 after buying an additional 567 shares during the period. 27.38% of the stock is owned by institutional investors.

Ares Capital Stock Performance

Shares of NASDAQ:ARCC opened at $22.23 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.21. The business’s fifty day moving average price is $22.84 and its two-hundred day moving average price is $21.95. Ares Capital Co. has a fifty-two week low of $19.32 and a fifty-two week high of $23.84. The stock has a market capitalization of $15.15 billion, a price-to-earnings ratio of 9.07 and a beta of 1.00.

Ares Capital (NASDAQ:ARCC) last announced its earnings results on Wednesday, February 5th. The investment management company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Ares Capital had a return on equity of 11.54% and a net margin of 50.90%. As a group, analysts predict that Ares Capital Co. will post 2.19 EPS for the current fiscal year.

Ares Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 8.64%. The ex-dividend date is Friday, March 14th. Ares Capital’s payout ratio is currently 78.37%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ARCC shares. JPMorgan Chase & Co. raised their price objective on shares of Ares Capital from $23.00 to $24.50 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods raised their price target on shares of Ares Capital from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of Ares Capital from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. StockNews.com cut shares of Ares Capital from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, Raymond James cut Ares Capital from an “outperform” rating to a “market perform” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ares Capital currently has a consensus rating of “Moderate Buy” and an average target price of $22.94.

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.