Ares Capital Corporation (ARCC) Position Increased by Atlantic Trust Group LLC

Atlantic Trust Group LLC increased its holdings in shares of Ares Capital Corporation (NASDAQ:ARCC) by 16.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,515 shares of the investment management company’s stock after buying an additional 5,872 shares during the quarter. Atlantic Trust Group LLC’s holdings in Ares Capital Corporation were worth $697,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ARCC. BB&T Corp bought a new stake in shares of Ares Capital Corporation during the 1st quarter worth $181,000. Canada Pension Plan Investment Board lifted its position in shares of Ares Capital Corporation by 8,529.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 65,930 shares of the investment management company’s stock worth $1,146,000 after buying an additional 65,166 shares during the last quarter. Eqis Capital Management Inc. bought a new stake in shares of Ares Capital Corporation during the 1st quarter worth $226,000. US Bancorp DE lifted its position in shares of Ares Capital Corporation by 0.8% during the 1st quarter. US Bancorp DE now owns 53,037 shares of the investment management company’s stock worth $921,000 after buying an additional 433 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Ares Capital Corporation by 5,673.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 263,943 shares of the investment management company’s stock worth $4,587,000 after buying an additional 259,371 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Ares Capital Corporation (NASDAQ ARCC) opened at 16.02 on Tuesday. Ares Capital Corporation has a 52-week low of $15.01 and a 52-week high of $17.87. The firm has a 50-day moving average price of $16.20 and a 200 day moving average price of $16.77.

Ares Capital Corporation (NASDAQ:ARCC) last issued its quarterly earnings results on Wednesday, August 2nd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.02. Ares Capital Corporation had a return on equity of 8.95% and a net margin of 44.61%. The firm had revenue of $284 million for the quarter, compared to the consensus estimate of $297.77 million. During the same period last year, the firm earned $0.50 EPS. On average, analysts expect that Ares Capital Corporation will post $1.40 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 9.49%. The ex-dividend date is Thursday, September 14th. Ares Capital Corporation’s dividend payout ratio (DPR) is currently 117.83%.

ARCC has been the subject of several recent analyst reports. BidaskClub downgraded Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. BMO Capital Markets restated a “hold” rating and set a $15.00 price objective on shares of Ares Capital Corporation in a research report on Friday, August 25th. Jefferies Group LLC restated a “buy” rating and set a $19.50 price objective on shares of Ares Capital Corporation in a research report on Friday, July 14th. Zacks Investment Research downgraded Ares Capital Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $18.50 price objective on shares of Ares Capital Corporation in a research report on Friday, June 16th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Ares Capital Corporation has an average rating of “Hold” and an average price target of $18.06.

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Ares Capital Corporation Profile

Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.

Institutional Ownership by Quarter for Ares Capital Corporation (NASDAQ:ARCC)

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