Maridea Wealth Management LLC Makes New $686,000 Investment in Ares Capital Co. (NASDAQ:ARCC)

Maridea Wealth Management LLC purchased a new stake in shares of Ares Capital Co. (NASDAQ:ARCC) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 31,345 shares of the investment management company’s stock, valued at approximately $686,000.

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

Ares Capital Stock Performance

ARCC opened at $22.11 on Friday. The firm’s fifty day simple moving average is $22.80 and its two-hundred day simple moving average is $21.97. Ares Capital Co. has a 52-week low of $19.32 and a 52-week high of $23.84. The company has a market cap of $15.07 billion, a price-to-earnings ratio of 9.02 and a beta of 1.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.03.

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

Ares Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 8.68%. The ex-dividend date of this dividend is Friday, March 14th. Ares Capital’s dividend payout ratio is currently 78.37%.

Analyst Ratings Changes

ARCC has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Ares Capital from $23.00 to $24.50 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price target on Ares Capital from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Wells Fargo & Company dropped their price objective on shares of Ares Capital from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. 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 research note on Friday, February 7th. Finally, Raymond James lowered shares of Ares Capital from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.94.

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.