Ares Capital Co. (NASDAQ: ARCC) Shares purchased from Capital Investment Advisors LLC


Capital Investment Advisors LLC has increased its stakes in Ares Capital Co. (NASDAQ: ARCC – Get Rating) by 4.1% in the first quarter, according to the company in its last submission to the Securities and Exchange Commission (SEC). The company owned 40,598 shares of the investment management company after acquiring an additional 1,583 shares during the quarter. Capital Investment Advisors LLC owned Ares Capital at $ 851,000 at the end of the last quarter.

A number of other institutional investors and hedge funds have also bought and sold shares from the shares. Van ECK Associates Corp increased its position in Ares Capital by 11.5% in the 4th quarter. Van ECK Associates Corp. now owns 4,822,282 shares of the investment management company worth $ 102,184,000 after acquiring an additional 496,543 shares during the period. Confluence Investment Management LLC increased its stake in Ares Capital by 0.7% in the first quarter. Confluence Investment Management LLC now owns 4,344,333 shares of the investment management company worth $ 91,013,000 after purchasing an additional 30,284 shares in the last quarter. Legal & General Group Plc increased its stake in Ares Capital by 3.1% in the 4th quarter. Legal & General Group Plc now owns 3,142,677 shares of the investment management company worth $ 66,578,000 after purchasing an additional 94,700 shares in the last quarter. 1832 Asset Management LP increased its stake in Ares Capital by 1.9% in the 4th quarter. 1832 Asset Management LP now owns 2,723,318 shares of the investment management company worth $ 57,706,000 after purchasing an additional 50,984 shares in the last quarter. Finally, Ares Management LLC increased its stake in Ares Capital by 13.9% in the 4th quarter. Ares Management LLC now owns 1,739,759 shares of the investment management company worth $ 36,865,000 after purchasing an additional 212,492 shares in the last quarter. Hedge funds and other institutional investors own 29.44% of the company’s shares.

In other news, CEO Stephen B. McKiver bought 2,775 shares of the company’s stock in a deal on Wednesday, June 15th. The shares were purchased at an average price of $ 17.95 per share, with a total value of $ 49,811.25. Following the acquisition, the director now directly owns 44,944 shares of the company’s stock worth $ 806,744.80. The transaction is disclosed in legal documents in the Securities and Exchange Commission, which is available through the SEC website. Also, insider Michael Lewis Smith bought 54,000 shares of the company’s shares in a deal on Thursday, May 19. The shares were purchased at an average price of $ 18.64 per share, with a total value of $ 1,006,560.00. Following the acquisition, the insider now directly owns 89,000 shares of the company worth $ 1,658,960. The disclosure of this purchase can be found here. Insiders purchased a total of 356,775 shares of the company’s stock worth $ 6,381,371 in the past 90 days. 0.59% of the shares are currently owned by corporate insiders.

A number of stock analysts have issued ARCC stock reports. JPMorgan Chase & Co. raised Ares Capital’s rating from “neutral” to “overweight” and set a price target for the company of $ 22.00 in a research note on Wednesday (April 27th). StockNews.com raised Ares Capital’s rating from “sell” to “hold” rating in a research note on Wednesday. TheStreet downgraded Ares Capital from “b-” to “c +” in a research note on Monday, May 23rd. Hovde Group lowered its target for Ares Capital prices to $ 19.00 in a survey note on Friday, May 20th. Finally, Wells Fargo & Company raised its Ares Capital price target from $ 22.50 to $ 23.00 and gave the stock an overweight rating in a research note on Monday, April 25th. One analyst rated the shares with a retention rating, and seven assigned a rating to buy the company’s shares. Based on data from MarketBeat.com, Ares Capital has an average rating of “Moderate Buying” and a consensus target price of $ 22.00.

Shares of NASDAQ: ARCC opened at $ 18.07 on Friday. Ares Capital Co. has a 52-week low of $ 17.03 and a 52-week high of $ 23.00. The company has a market capitalization of $ 8.90 billion, a P / E ratio of 5.87 and a beta of 1.01. The 50-day moving average of the stock is $ 19.48, and its 200-day moving average is $ 20.57. The company has a debt to equity ratio of 1.13, a fast ratio of 1.91 and a current ratio of 1.91.

Ares Capital (NASDAQ: ARCC – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The investment management company reported $ 0.41 earnings per share for the quarter, with analysts’ consensus estimates of $ 0.47 ($ 0.06) missing. Ares Capital had a net margin of 75.13% and a return on equity of 10.23%. The company had revenue of $ 440.00 million for the quarter, compared to analysts’ estimates of $ 486.12 million. During the same period last year, the company reported $ 0.43 earnings per share. The company’s revenue for the quarter increased by 12.8% compared to the same quarter last year. As a group, stock analysts predict that Ares Capital Co. will report 1.77 EPS for the current year.

Profile of Ares Capital (Get a rating)

Ares Capital Corporation is a business development company specializing in acquisitions, recapitalizations, mezzanine debt, restructuring, rescue financing and leverage buyouts of mid-market companies. It also makes capital for growth and total refinancing. It prefers to invest in companies engaged in basic and developing production, business services, consumer products, healthcare products and services and information technology services.

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Institutional ownership by quarter for Ares Capital (NASDAQ: ARCC)



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