Fieldview Capital Management LLC Purchases New Position in Ares Capital Corporation $ARCC

Fieldview Capital Management LLC purchased a new stake in Ares Capital Corporation (NASDAQ:ARCC) in the 4th quarter, HoldingsChannel reports. The fund purchased 42,289 shares of the investment management company’s stock, valued at approximately $856,000.

Several other large investors have also recently added to or reduced their stakes in ARCC. Palladiem LLC acquired a new stake in Ares Capital in the 4th quarter valued at $26,000. SWAN Capital LLC acquired a new stake in Ares Capital in the 3rd quarter valued at $27,000. Core Wealth Advisors LLC acquired a new stake in Ares Capital in the 4th quarter valued at $33,000. Quarry LP acquired a new stake in Ares Capital in the 3rd quarter valued at $33,000. Finally, Ameriflex Group Inc. grew its stake in shares of Ares Capital by 201.0% during the third quarter. Ameriflex Group Inc. now owns 1,764 shares of the investment management company’s stock valued at $36,000 after acquiring an additional 1,178 shares in the last quarter. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on ARCC. Keefe, Bruyette & Woods lowered their target price on Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. B. Riley Financial lowered their target price on Ares Capital from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Truist Financial lowered their target price on Ares Capital from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of Ares Capital in a research note on Tuesday, June 9th. Finally, Royal Bank Of Canada lowered their target price on Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.65.

Ares Capital Price Performance

Shares of Ares Capital stock opened at $19.26 on Monday. The business has a 50-day moving average of $18.76 and a 200-day moving average of $19.36. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $13.83 billion, a PE ratio of 11.82 and a beta of 0.56. Ares Capital Corporation has a 1-year low of $17.40 and a 1-year high of $23.42.

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

Ares Capital Dividend Announcement

The company also recently declared 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. This represents a $1.92 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date is Monday, June 15th. Ares Capital’s dividend payout ratio (DPR) is 117.79%.

Ares Capital Company 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.