Koshinski Asset Management Inc. Grows Stock Holdings in Ares Capital Co. (NASDAQ:ARCC)

Koshinski Asset Management Inc. raised its position in Ares Capital Co. (NASDAQ:ARCC) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,086 shares of the investment management company’s stock after acquiring an additional 567 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Ares Capital were worth $812,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. increased its position in shares of Ares Capital by 24.3% in the third quarter. Franklin Resources Inc. now owns 650,163 shares of the investment management company’s stock valued at $13,900,000 after acquiring an additional 127,219 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Ares Capital by 4.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 885,406 shares of the investment management company’s stock valued at $18,540,000 after acquiring an additional 38,559 shares during the period. CCLA Investment Management increased its position in shares of Ares Capital by 31.6% in the fourth quarter. CCLA Investment Management now owns 2,211,955 shares of the investment management company’s stock valued at $48,419,000 after acquiring an additional 531,305 shares during the period. Romano Brothers AND Company increased its position in shares of Ares Capital by 11.2% during the fourth quarter. Romano Brothers AND Company now owns 354,237 shares of the investment management company’s stock valued at $7,754,000 after buying an additional 35,659 shares during the period. Finally, Confluence Investment Management LLC increased its position in shares of Ares Capital by 1.7% during the third quarter. Confluence Investment Management LLC now owns 3,836,573 shares of the investment management company’s stock valued at $80,338,000 after buying an additional 63,999 shares during the period. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Analyst Ratings Changes

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

Ares Capital Trading Up 0.0 %

NASDAQ:ARCC opened at $23.38 on Thursday. Ares Capital Co. has a one year low of $19.32 and a one year high of $23.47. 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 company’s 50-day simple moving average is $22.04 and its 200 day simple moving average is $21.34. The firm has a market capitalization of $15.11 billion, a P/E ratio of 8.99 and a beta of 1.00.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings data 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 business had revenue of $755.00 million for the quarter, compared to the consensus estimate of $770.45 million. Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. The company’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. As a group, analysts forecast that Ares Capital Co. will post 2.36 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a $0.48 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.92 annualized dividend and a dividend yield of 8.21%. Ares Capital’s dividend payout ratio is presently 73.85%.

Ares Capital Company 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.