Ares Capital Co. (NASDAQ:ARCC) Shares Bought by Waterloo Capital L.P.

Waterloo Capital L.P. lifted its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,813 shares of the investment management company’s stock after acquiring an additional 1,190 shares during the quarter. Waterloo Capital L.P.’s holdings in Ares Capital were worth $2,622,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Confluence Investment Management LLC purchased a new position in shares of Ares Capital during the 1st quarter worth approximately $86,227,000. Van ECK Associates Corp raised its position in Ares Capital by 20.2% in the second quarter. Van ECK Associates Corp now owns 11,681,109 shares of the investment management company’s stock worth $243,434,000 after acquiring an additional 1,961,166 shares in the last quarter. Sigma Investment Counselors Inc. lifted its holdings in Ares Capital by 4,876.0% in the first quarter. Sigma Investment Counselors Inc. now owns 574,978 shares of the investment management company’s stock valued at $11,971,000 after acquiring an additional 563,423 shares during the period. Edge Capital Group LLC boosted its position in shares of Ares Capital by 2,057.7% during the 4th quarter. Edge Capital Group LLC now owns 526,258 shares of the investment management company’s stock worth $10,541,000 after purchasing an additional 501,868 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Ares Capital by 143.9% during the 1st quarter. Cetera Investment Advisers now owns 820,390 shares of the investment management company’s stock worth $17,081,000 after purchasing an additional 484,088 shares during the period. 27.38% of the stock is owned by hedge funds and other institutional investors.

Ares Capital Price Performance

ARCC stock opened at $20.17 on Wednesday. The stock’s 50 day moving average price is $20.79 and its 200 day moving average price is $20.77. The firm has a market cap of $12.39 billion, a P/E ratio of 6.91 and a beta of 1.01. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.40 and a current ratio of 1.40. Ares Capital Co. has a 1 year low of $18.55 and a 1 year high of $21.84.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Tuesday, July 30th. The investment management company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $755.00 million for the quarter, compared to the consensus estimate of $714.27 million. Ares Capital had a return on equity of 12.24% and a net margin of 59.76%. During the same period in the prior year, the business earned $0.58 earnings per share. On average, sell-side analysts expect that Ares Capital Co. will post 2.38 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.52%. Ares Capital’s dividend payout ratio (DPR) is presently 65.75%.

Analyst Ratings Changes

Several analysts recently commented on ARCC shares. Compass Point upgraded shares of Ares Capital to a “strong-buy” rating in a research note on Tuesday, July 30th. UBS Group upgraded shares of Ares Capital to a “hold” rating in a research report on Friday, August 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of Ares Capital in a report on Monday, August 5th. Finally, JMP Securities lifted their price objective on Ares Capital from $21.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.71.

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.