Siligmueller & Norvid Wealth Advisors LLC Buys Shares of 10,200 Ares Capital Co. (NASDAQ:ARCC)

Siligmueller & Norvid Wealth Advisors LLC bought a new position in shares of Ares Capital Co. (NASDAQ:ARCC) in the fourth quarter, HoldingsChannel reports. The firm bought 10,200 shares of the investment management company’s stock, valued at approximately $223,000.

Several other institutional investors have also added to or reduced their stakes in ARCC. Canton Hathaway LLC raised its holdings in Ares Capital by 64.7% during the fourth quarter. Canton Hathaway LLC now owns 24,700 shares of the investment management company’s stock worth $541,000 after acquiring an additional 9,700 shares in the last quarter. FourThought Financial Partners LLC increased its position in Ares Capital by 1.7% during the fourth quarter. FourThought Financial Partners LLC now owns 84,533 shares of the investment management company’s stock worth $1,850,000 after acquiring an additional 1,404 shares during the period. Bank of New York Mellon Corp grew its position in Ares Capital by 9.3% during the fourth quarter. Bank of New York Mellon Corp now owns 139,214 shares of the investment management company’s stock worth $3,047,000 after buying an additional 11,827 shares in the last quarter. BankPlus Trust Department bought a new position in Ares Capital in the 4th quarter valued at about $1,755,000. Finally, Crestwood Advisors Group LLC boosted its position in shares of Ares Capital by 71.8% during the 4th quarter. Crestwood Advisors Group LLC now owns 161,305 shares of the investment management company’s stock worth $3,531,000 after acquiring an additional 67,423 shares in the last quarter. 27.38% of the stock is owned by institutional investors.

Ares Capital Trading Down 0.3 %

Shares of Ares Capital stock opened at $23.15 on Wednesday. The company has a 50 day simple moving average of $22.69 and a two-hundred day simple moving average of $21.75. Ares Capital Co. has a 1 year low of $19.32 and a 1 year high of $23.84. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $15.54 billion, a PE ratio of 9.45 and a beta of 1.01.

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

Ares Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 8.29%. Ares Capital’s payout ratio is presently 78.37%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. B. Riley upped their price objective on Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Raymond James downgraded shares of Ares Capital from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 6th. Wells Fargo & Company dropped their price target on shares of Ares Capital from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. StockNews.com cut shares of Ares Capital from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Ares Capital from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.94.

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.