Jaffetilchin Investment Partners LLC Purchases 59,172 Shares of Ares Capital Co. (NASDAQ:ARCC)

Jaffetilchin Investment Partners LLC grew its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 194.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,599 shares of the investment management company’s stock after buying an additional 59,172 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Ares Capital were worth $1,961,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. VSM Wealth Advisory LLC bought a new stake in Ares Capital during the fourth quarter worth $35,000. Promus Capital LLC bought a new stake in shares of Ares Capital during the 4th quarter worth $48,000. SRS Capital Advisors Inc. purchased a new position in shares of Ares Capital in the 4th quarter worth about $60,000. Montag A & Associates Inc. boosted its holdings in shares of Ares Capital by 92.6% in the 4th quarter. Montag A & Associates Inc. now owns 2,889 shares of the investment management company’s stock worth $63,000 after buying an additional 1,389 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. grew its position in Ares Capital by 200.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 3,000 shares of the investment management company’s stock valued at $66,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com lowered shares of Ares Capital from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods lowered their price target on shares of Ares Capital from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday. Wells Fargo & Company reduced their price objective on Ares Capital from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Raymond James lowered Ares Capital from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Ares Capital from $23.00 to $24.50 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.81.

Ares Capital Stock Performance

NASDAQ:ARCC opened at $19.84 on Friday. The business’s fifty day moving average is $22.19 and its 200 day moving average is $21.98. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 8.10 and a beta of 0.77. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.21 and a current ratio of 1.21. Ares Capital Co. has a 52-week low of $18.26 and a 52-week high of $23.84.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings results on Wednesday, February 5th. The investment management company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). Ares Capital had a net margin of 50.90% and a return on equity of 11.54%. Research analysts predict that Ares Capital Co. will post 2.19 EPS for the current year.

Ares Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.68%. The ex-dividend date was Friday, March 14th. Ares Capital’s payout ratio is 78.37%.

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.