Camelot Portfolios LLC Has $3.51 Million Position in Ares Capital Corporation (ARCC)

Camelot Portfolios LLC raised its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 1.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 214,117 shares of the investment management company’s stock after buying an additional 3,464 shares during the period. Ares Capital Corporation makes up 1.7% of Camelot Portfolios LLC’s portfolio, making the stock its 12th largest position. Camelot Portfolios LLC’s holdings in Ares Capital Corporation were worth $3,507,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. California Public Employees Retirement System boosted its position in Ares Capital Corporation by 16.2% in the first quarter. California Public Employees Retirement System now owns 821,400 shares of the investment management company’s stock valued at $14,276,000 after buying an additional 114,700 shares during the period. PNC Financial Services Group Inc. boosted its position in Ares Capital Corporation by 16.4% in the first quarter. PNC Financial Services Group Inc. now owns 59,220 shares of the investment management company’s stock valued at $1,029,000 after buying an additional 8,354 shares during the period. P.A.W. Capital Corp boosted its position in Ares Capital Corporation by 12.5% in the second quarter. P.A.W. Capital Corp now owns 108,000 shares of the investment management company’s stock valued at $1,769,000 after buying an additional 12,000 shares during the period. Pacer Advisors Inc. boosted its position in Ares Capital Corporation by 61.0% in the first quarter. Pacer Advisors Inc. now owns 70,134 shares of the investment management company’s stock valued at $1,219,000 after buying an additional 26,569 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in Ares Capital Corporation by 5,673.0% in the first quarter. BNP Paribas Arbitrage SA now owns 263,943 shares of the investment management company’s stock valued at $4,587,000 after buying an additional 259,371 shares during the period. 48.35% of the stock is currently owned by institutional investors and hedge funds.

Ares Capital Corporation (NASDAQ:ARCC) opened at 16.43 on Friday. The stock’s 50 day moving average price is $16.38 and its 200 day moving average price is $16.98. Ares Capital Corporation has a 12-month low of $15.01 and a 12-month high of $17.87.

Ares Capital Corporation (NASDAQ:ARCC) last posted its earnings results on Wednesday, August 2nd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $284 million for the quarter, compared to analyst estimates of $297.77 million. Ares Capital Corporation had a net margin of 44.61% and a return on equity of 8.95%. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Analysts anticipate that Ares Capital Corporation will post $1.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 9.25%. Ares Capital Corporation’s dividend payout ratio is presently 117.83%.

Several equities analysts recently issued reports on ARCC shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Ares Capital Corporation in a research report on Tuesday, April 11th. National Securities raised Ares Capital Corporation from a “neutral” rating to a “buy” rating and increased their price target for the company from $18.00 to $19.00 in a report on Monday, May 8th. Jefferies Group LLC reissued a “buy” rating and set a $19.50 price target on shares of Ares Capital Corporation in a report on Friday, July 14th. Janney Montgomery Scott reissued a “neutral” rating on shares of Ares Capital Corporation in a report on Friday, May 5th. Finally, Zacks Investment Research cut Ares Capital Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. 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 company. Ares Capital Corporation has an average rating of “Buy” and an average price target 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.