International Assets Investment Management LLC Acquires 37,567 Shares of Ares Capital Corporation $ARCC

International Assets Investment Management LLC increased its holdings in shares of Ares Capital Corporation (NASDAQ:ARCC) by 13.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 313,458 shares of the investment management company’s stock after purchasing an additional 37,567 shares during the quarter. International Assets Investment Management LLC’s holdings in Ares Capital were worth $6,341,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of ARCC. UBS Group AG increased its stake in Ares Capital by 41.8% during the 4th quarter. UBS Group AG now owns 11,201,905 shares of the investment management company’s stock worth $226,615,000 after purchasing an additional 3,301,890 shares in the last quarter. Marshall Wace LLP bought a new stake in Ares Capital during the 3rd quarter worth approximately $36,943,000. Bank of America Corp DE increased its stake in Ares Capital by 8.9% during the 2nd quarter. Bank of America Corp DE now owns 8,678,129 shares of the investment management company’s stock worth $190,572,000 after purchasing an additional 705,882 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Ares Capital during the 1st quarter worth approximately $14,766,000. Finally, Qube Research & Technologies Ltd grew its stake in shares of Ares Capital by 182.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 893,834 shares of the investment management company’s stock worth $18,243,000 after acquiring an additional 577,042 shares in the last quarter. 27.38% of the stock is owned by institutional investors.

Ares Capital Price Performance

NASDAQ:ARCC opened at $18.96 on Friday. Ares Capital Corporation has a 1-year low of $17.40 and a 1-year high of $23.42. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.13. The firm has a fifty day simple moving average of $18.51 and a 200 day simple moving average of $19.59. The stock has a market capitalization of $13.61 billion, a PE ratio of 11.63 and a beta of 0.58.

Ares Capital (NASDAQ:ARCC) last released its earnings results on Tuesday, April 28th. The investment management company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Ares Capital had a net margin of 37.30% and a return on equity of 9.85%. The firm had revenue of $763.00 million during the quarter, compared to the consensus estimate of $778.00 million. During the same period in the prior year, the business posted $0.50 earnings per share. Ares Capital’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts expect that Ares Capital Corporation will post 1.91 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.92 annualized dividend and a dividend yield of 10.1%. Ares Capital’s dividend payout ratio (DPR) is currently 117.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ARCC shares. Truist Financial decreased their price target on shares of Ares Capital from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods decreased their price target on shares of Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. UBS Group decreased their price target on shares of Ares Capital from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Wells Fargo & Company decreased their price target on shares of Ares Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Finally, Wall Street Zen cut shares of Ares Capital from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Ares Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.75.

About Ares Capital

Ares Capital Corporation (NASDAQ: ARCC) is a publicly traded business development company (BDC) that specializes in providing debt and equity financing solutions to U.S. middle-market companies. As a BDC, Ares Capital offers investors access to a diversified portfolio of tailored credit investments, including senior secured loans, unitranche financing, mezzanine debt and equity co-investments. The firm’s flexible capital structures are designed to support companies seeking growth capital, refinancing or strategic acquisitions.

Through its credit platform, Ares Capital focuses on originations, underwriting and portfolio management across a range of industries, with a particular emphasis on sectors such as healthcare, technology, industrials and business services.