Arkadios Wealth Advisors Trims Holdings in Ares Capital Co. (NASDAQ:ARCC)

Arkadios Wealth Advisors lessened its stake in Ares Capital Co. (NASDAQ:ARCC) by 4.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 112,018 shares of the investment management company’s stock after selling 5,362 shares during the quarter. Arkadios Wealth Advisors’ holdings in Ares Capital were worth $2,452,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Horizon Financial Services LLC bought a new stake in shares of Ares Capital in the 3rd quarter worth about $28,000. Blue Trust Inc. increased its holdings in Ares Capital by 56.8% in the third quarter. Blue Trust Inc. now owns 2,510 shares of the investment management company’s stock valued at $52,000 after buying an additional 909 shares during the last quarter. Quarry LP acquired a new stake in Ares Capital during the third quarter valued at approximately $67,000. Centennial Bank AR bought a new position in Ares Capital during the 3rd quarter worth approximately $102,000. Finally, FSC Wealth Advisors LLC grew its position in shares of Ares Capital by 562.5% in the 3rd quarter. FSC Wealth Advisors LLC now owns 5,300 shares of the investment management company’s stock worth $111,000 after acquiring an additional 4,500 shares in the last quarter. 27.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. B. Riley upped their price target on Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. StockNews.com raised shares of Ares Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company raised shares of Ares Capital from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.29.

Ares Capital Stock Up 0.8 %

Ares Capital stock opened at $23.18 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29. The company has a 50-day simple moving average of $21.94 and a 200-day simple moving average of $21.29. The firm has a market capitalization of $14.98 billion, a P/E ratio of 8.92 and a beta of 1.00. Ares Capital Co. has a one year low of $19.32 and a one year high of $23.22.

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

Ares Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a $0.48 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.92 annualized dividend and a dividend yield of 8.28%. Ares Capital’s payout ratio is 73.85%.

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.