BlueMountain Capital Management LLC Boosts Stake in Ares Capital Corporation (ARCC)

BlueMountain Capital Management LLC grew its stake in shares of Ares Capital Corporation (NASDAQ:ARCC) by 20.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,570 shares of the investment management company’s stock after buying an additional 18,012 shares during the quarter. BlueMountain Capital Management LLC’s holdings in Ares Capital Corporation were worth $1,746,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Round Table Services LLC raised its position in shares of Ares Capital Corporation by 0.4% during the 2nd quarter. Round Table Services LLC now owns 10,225 shares of the investment management company’s stock valued at $167,000 after buying an additional 39 shares in the last quarter. Alpha Omega Wealth Management LLC grew its holdings in shares of Ares Capital Corporation by 1.7% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 12,184 shares of the investment management company’s stock valued at $200,000 after purchasing an additional 199 shares during the last quarter. Hudock Capital Group LLC grew its holdings in shares of Ares Capital Corporation by 3.2% during the 2nd quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock valued at $106,000 after purchasing an additional 200 shares during the last quarter. Honkamp Krueger Financial Services Inc. grew its holdings in shares of Ares Capital Corporation by 2.0% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 13,472 shares of the investment management company’s stock valued at $221,000 after purchasing an additional 260 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Ares Capital Corporation by 0.9% during the 1st quarter. Sei Investments Co. now owns 46,475 shares of the investment management company’s stock valued at $808,000 after purchasing an additional 407 shares during the last quarter. Hedge funds and other institutional investors own 45.01% of the company’s stock.

Several equities analysts recently commented on the stock. BidaskClub lowered shares of Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. TheStreet raised shares of Ares Capital Corporation from a “c+” rating to a “b” rating in a report on Monday, August 7th. Zacks Investment Research lowered shares of Ares Capital Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. National Securities reaffirmed a “buy” rating and set a $19.00 target price on shares of Ares Capital Corporation in a report on Monday, August 7th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $19.50 target price on shares of Ares Capital Corporation in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $18.06.

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Ares Capital Corporation (NASDAQ ARCC) opened at 15.67 on Tuesday. The company’s 50 day moving average is $16.12 and its 200 day moving average is $16.69. 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 quarterly earnings data 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 net margin of 44.61% and a return on equity of 8.95%. The firm had revenue of $284.00 million for the quarter, compared to the consensus estimate of $297.77 million. During the same quarter last year, the firm earned $0.50 EPS. Analysts predict that Ares Capital Corporation will post $1.40 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 9.70%. The ex-dividend date of this dividend is Thursday, September 14th. Ares Capital Corporation’s dividend payout ratio (DPR) is 117.83%.

Ares Capital Corporation 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.

Institutional Ownership by Quarter for Ares Capital Corporation (NASDAQ:ARCC)

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