Stratos Wealth Partners LTD. increased its position in shares of Ares Capital Corporation (NASDAQ:ARCC) by 3.7% during the second quarter, Holdings Channel reports. The institutional investor owned 226,123 shares of the investment management company’s stock after buying an additional 8,017 shares during the period. Stratos Wealth Partners LTD.’s holdings in Ares Capital Corporation were worth $3,704,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in ARCC. Sei Investments Co. boosted its stake in Ares Capital Corporation by 50.6% in the second quarter. Sei Investments Co. now owns 69,980 shares of the investment management company’s stock worth $1,146,000 after buying an additional 23,505 shares during the last quarter. Grove Bank & Trust boosted its stake in Ares Capital Corporation by 45.4% in the second quarter. Grove Bank & Trust now owns 9,420 shares of the investment management company’s stock worth $154,000 after buying an additional 2,940 shares during the last quarter. Silver Capital Management LLC boosted its stake in Ares Capital Corporation by 2.1% in the second quarter. Silver Capital Management LLC now owns 47,550 shares of the investment management company’s stock worth $779,000 after buying an additional 1,000 shares during the last quarter. Honkamp Krueger Financial Services Inc. boosted its stake in Ares Capital Corporation by 2.0% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 13,472 shares of the investment management company’s stock worth $221,000 after buying an additional 260 shares during the last quarter. Finally, Eagle Global Advisors LLC boosted its stake in Ares Capital Corporation by 2.7% in the second quarter. Eagle Global Advisors LLC now owns 42,040 shares of the investment management company’s stock worth $689,000 after buying an additional 1,100 shares during the last quarter. 48.35% of the stock is owned by institutional investors and hedge funds.
Ares Capital Corporation (NASDAQ ARCC) opened at 16.45 on Thursday. Ares Capital Corporation has a one year low of $15.01 and a one year high of $17.87. The company has a 50-day moving average of $16.38 and a 200 day moving average of $16.98.
Ares Capital Corporation (NASDAQ:ARCC) last posted its earnings results on Wednesday, August 2nd. The investment management company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.02. Ares Capital Corporation had a return on equity of 9.32% and a net margin of 44.29%. During the same quarter in the prior year, the business earned $0.50 EPS. Equities research analysts forecast that Ares Capital Corporation will post $1.43 EPS for the current fiscal year.
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A number of analysts recently weighed in on ARCC shares. Jefferies Group LLC reissued a “buy” rating and issued a $19.50 target price on shares of Ares Capital Corporation in a research note on Friday, April 7th. BMO Capital Markets reissued a “hold” rating and issued a $15.00 target price on shares of Ares Capital Corporation in a research note on Tuesday, April 11th. Janney Montgomery Scott reissued a “neutral” rating on shares of Ares Capital Corporation in a research note on Friday, May 5th. National Securities raised shares of Ares Capital Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.00 to $19.00 in a research note on Monday, May 8th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $18.50 target price on shares of Ares Capital Corporation in a research note on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.90.
About Ares Capital Corporation
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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