XML Financial LLC Has $386,000 Position in Ares Capital Co. (NASDAQ:ARCC)

XML Financial LLC cut its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 15.5% during the 4th quarter, Holdings Channel reports. The fund owned 17,638 shares of the investment management company’s stock after selling 3,231 shares during the period. XML Financial LLC’s holdings in Ares Capital were worth $386,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. JBR Co Financial Management Inc grew its holdings in Ares Capital by 1.5% during the third quarter. JBR Co Financial Management Inc now owns 33,047 shares of the investment management company’s stock valued at $692,000 after purchasing an additional 500 shares during the period. Onyx Bridge Wealth Group LLC grew its stake in shares of Ares Capital by 1.2% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 43,609 shares of the investment management company’s stock worth $913,000 after acquiring an additional 531 shares during the period. Centaurus Financial Inc. increased its holdings in Ares Capital by 3.9% in the 2nd quarter. Centaurus Financial Inc. now owns 14,428 shares of the investment management company’s stock worth $301,000 after acquiring an additional 542 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in Ares Capital by 1.6% in the 4th quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company’s stock valued at $812,000 after acquiring an additional 567 shares during the period. Finally, Western Financial Corp CA boosted its position in Ares Capital by 2.3% during the third quarter. Western Financial Corp CA now owns 25,823 shares of the investment management company’s stock worth $541,000 after purchasing an additional 579 shares during the period. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Ares Capital Trading Up 0.0 %

Shares of ARCC stock opened at $23.38 on Thursday. The firm has a market cap of $15.11 billion, a P/E ratio of 8.99 and a beta of 1.00. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. Ares Capital Co. has a 12-month low of $19.32 and a 12-month high of $23.47. The business has a 50-day moving average price of $22.04 and a two-hundred day moving average price of $21.34.

Ares Capital (NASDAQ:ARCC) last issued its earnings results on Wednesday, October 30th. The investment management company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The business had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $770.45 million. Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. Ares Capital’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 EPS. Equities analysts anticipate that Ares Capital Co. will post 2.36 EPS for the current fiscal year.

Ares Capital Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ARCC. Wells Fargo & Company raised shares of Ares Capital from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. B. Riley increased their target price on Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Three investment 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.

About Ares Capital

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.