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

Arkadios Wealth Advisors lessened its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ARCC. Wealthcare Advisory Partners LLC raised its position in shares of Ares Capital by 7.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 13,362 shares of the investment management company’s stock valued at $293,000 after buying an additional 964 shares during the last quarter. Cypress Wealth Services LLC purchased a new stake in Ares Capital in the 4th quarter worth approximately $403,000. Carnegie Investment Counsel raised its holdings in Ares Capital by 5.8% in the 4th quarter. Carnegie Investment Counsel now owns 309,022 shares of the investment management company’s stock valued at $6,764,000 after acquiring an additional 16,857 shares during the last quarter. Mirador Capital Partners LP lifted its stake in shares of Ares Capital by 1.3% during the 4th quarter. Mirador Capital Partners LP now owns 242,811 shares of the investment management company’s stock worth $5,315,000 after purchasing an additional 3,217 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Ares Capital by 1.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 192,841 shares of the investment management company’s stock worth $4,221,000 after purchasing an additional 2,970 shares during the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Trading Up 0.8 %

Shares of ARCC opened at $23.18 on Friday. Ares Capital Co. has a 12 month low of $19.32 and a 12 month high of $23.22. The stock’s 50-day moving average is $21.94 and its two-hundred day moving average is $21.29. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $14.98 billion, a PE ratio of 8.92 and a beta of 1.00.

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

Ares Capital Announces Dividend

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

Analyst Ratings Changes

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

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.