Quantbot Technologies LP Has $6.69 Million Holdings in Ares Capital Co. (NASDAQ:ARCC)

Quantbot Technologies LP increased its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 68.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 319,223 shares of the investment management company’s stock after purchasing an additional 129,899 shares during the period. Quantbot Technologies LP’s holdings in Ares Capital were worth $6,685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. raised its holdings in shares of Ares Capital by 62.7% in the 2nd quarter. Jamison Private Wealth Management Inc. now owns 1,233 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 475 shares during the period. Capital Investment Advisors LLC raised its stake in Ares Capital by 1.6% in the second quarter. Capital Investment Advisors LLC now owns 32,691 shares of the investment management company’s stock valued at $681,000 after buying an additional 499 shares during the period. JBR Co Financial Management Inc lifted its position in shares of Ares Capital by 1.5% in 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 buying an additional 500 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted 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. Finally, Centaurus Financial Inc. raised its stake 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 valued at $301,000 after acquiring an additional 542 shares during the period. 27.38% of the stock is owned by institutional investors.

Ares Capital Stock Performance

ARCC opened at $22.00 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29. Ares Capital Co. has a 52-week low of $19.32 and a 52-week high of $22.15. The firm has a market cap of $14.21 billion, a P/E ratio of 8.46 and a beta of 1.01. The business’s fifty day moving average is $21.25 and its 200-day moving average is $21.05.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings data on Wednesday, October 30th. The investment management company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The firm 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 company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 earnings per share. Sell-side analysts expect that Ares Capital Co. will post 2.36 EPS for the current fiscal year.

Ares Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.92 annualized dividend and a yield of 8.73%. Ares Capital’s dividend payout ratio is currently 73.85%.

Wall Street Analyst Weigh In

Several research firms have commented on ARCC. JMP Securities upped their price objective on shares of Ares Capital from $21.00 to $22.00 and gave the company a “market outperform” rating in a report on Tuesday, July 30th. B. Riley raised their price objective on shares of Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Compass Point raised Ares Capital to a “strong-buy” rating in a research report on Tuesday, July 30th. UBS Group raised Ares Capital to a “hold” rating in a report on Friday, August 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Ares Capital in a report on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Ares Capital presently has a consensus rating of “Moderate Buy” and an average target price of $21.86.

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.