Marble Wealth LLC Acquires New Position in Ares Capital Corporation $ARCC

Marble Wealth LLC acquired a new stake in shares of Ares Capital Corporation (NASDAQ:ARCC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 206,813 shares of the investment management company’s stock, valued at approximately $4,184,000.

A number of other large investors also recently modified their holdings of the company. Canal Capital Management LLC raised its holdings in shares of Ares Capital by 1.6% during the 4th quarter. Canal Capital Management LLC now owns 32,955 shares of the investment management company’s stock valued at $667,000 after buying an additional 520 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in shares of Ares Capital by 1.6% during the 4th quarter. Perigon Wealth Management LLC now owns 34,700 shares of the investment management company’s stock valued at $702,000 after buying an additional 547 shares in the last quarter. Balboa Wealth Partners raised its holdings in shares of Ares Capital by 1.3% during the 3rd quarter. Balboa Wealth Partners now owns 44,755 shares of the investment management company’s stock valued at $913,000 after buying an additional 559 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in shares of Ares Capital by 2.0% during the 4th quarter. Diversify Advisory Services LLC now owns 28,186 shares of the investment management company’s stock valued at $589,000 after buying an additional 563 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Ares Capital by 1.0% during the 3rd quarter. Parallel Advisors LLC now owns 57,092 shares of the investment management company’s stock valued at $1,165,000 after buying an additional 567 shares in the last quarter. 27.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ARCC. Oppenheimer decreased their price objective on Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. UBS Group decreased their price objective on Ares Capital from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. JPMorgan Chase & Co. decreased their price objective on Ares Capital from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Truist Financial reduced their price target on Ares Capital from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, B. Riley Financial reduced their price target on Ares Capital from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.75.

Ares Capital Price Performance

ARCC opened at $18.97 on Wednesday. The stock’s 50 day simple moving average is $18.57 and its 200 day simple moving average is $19.42. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.40 and a quick ratio of 1.40. Ares Capital Corporation has a 1 year low of $17.40 and a 1 year high of $23.42. The firm has a market cap of $13.62 billion, a price-to-earnings ratio of 11.64 and a beta of 0.56.

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

Ares Capital Dividend Announcement

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

Ares Capital Profile

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.