P.A.W. Capital Corp Buys 12,000 Shares of Ares Capital Corporation (NASDAQ:ARCC)

P.A.W. Capital Corp increased its position in shares of Ares Capital Corporation (NASDAQ:ARCC) by 12.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,000 shares of the investment management company’s stock after buying an additional 12,000 shares during the period. Ares Capital Corporation accounts for about 1.8% of P.A.W. Capital Corp’s holdings, making the stock its 19th largest position. P.A.W. Capital Corp’s holdings in Ares Capital Corporation were worth $1,769,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. West Oak Capital LLC increased its stake in shares of Ares Capital Corporation by 18.0% in the first quarter. West Oak Capital LLC now owns 5,910 shares of the investment management company’s stock worth $103,000 after buying an additional 900 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Ares Capital Corporation by 16.2% in the first quarter. Penserra Capital Management LLC now owns 5,913 shares of the investment management company’s stock worth $102,000 after buying an additional 825 shares during the last quarter. Coconut Grove Bank increased its stake in shares of Ares Capital Corporation by 366.2% in the first quarter. Coconut Grove Bank now owns 6,480 shares of the investment management company’s stock worth $113,000 after buying an additional 5,090 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Ares Capital Corporation during the fourth quarter worth $130,000. Finally, Global X Management Co. LLC increased its stake in shares of Ares Capital Corporation by 49.4% in the first quarter. Global X Management Co. LLC now owns 8,055 shares of the investment management company’s stock worth $140,000 after buying an additional 2,664 shares during the last quarter. 48.37% of the stock is currently owned by institutional investors.

Shares of Ares Capital Corporation (NASDAQ ARCC) opened at 16.43 on Friday. The firm has a 50-day moving average price of $16.41 and a 200 day moving average price of $16.99. Ares Capital Corporation has a one year low of $15.01 and a one year high of $17.87.

Ares Capital Corporation (NASDAQ:ARCC) last announced its earnings results on Wednesday, May 3rd. The investment management company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $275 million for the quarter, compared to analyst estimates of $294.92 million. Ares Capital Corporation had a net margin of 44.29% and a return on equity of 9.32%. During the same quarter last year, the company posted $0.42 EPS. On average, equities research analysts anticipate that Ares Capital Corporation will post $1.46 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 9.25%. The ex-dividend date of this dividend was Tuesday, June 13th. Ares Capital Corporation’s dividend payout ratio (DPR) is 110.95%.

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A number of equities research analysts recently weighed in on the company. BidaskClub downgraded Ares Capital Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $19.50 price objective on shares of Ares Capital Corporation in a research report on Friday, July 14th. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Ares Capital Corporation in a research report on Monday, May 15th. BMO Capital Markets reaffirmed a “hold” rating and set a $15.00 price objective on shares of Ares Capital Corporation in a research report on Tuesday, April 11th. Finally, National Securities raised Ares Capital Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $19.00 in a research report on Monday, May 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $17.90.

Ares Capital Corporation Company Profile

Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.

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