Shelton Capital Management Boosts Holdings in Ares Capital Co. (ARCC)

Shelton Capital Management lifted its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 84.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 171,641 shares of the investment management company’s stock after acquiring an additional 78,500 shares during the period. Shelton Capital Management’s holdings in Ares Capital were worth $2,813,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Penserra Capital Management LLC grew its position in shares of Ares Capital by 8.9% in the 2nd quarter. Penserra Capital Management LLC now owns 6,439 shares of the investment management company’s stock worth $105,000 after acquiring an additional 526 shares in the last quarter. Hudock Capital Group LLC lifted its holdings in shares of Ares Capital by 3.2% in the 2nd quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock worth $106,000 after purchasing an additional 200 shares during the last quarter. Ffcm LLC raised its stake in Ares Capital by 218.9% during the 2nd quarter. Ffcm LLC now owns 6,840 shares of the investment management company’s stock valued at $113,000 after acquiring an additional 4,695 shares in the last quarter. Legacy Advisors LLC bought a new stake in Ares Capital during the 3rd quarter valued at $128,000. Finally, Joel Isaacson & Co. LLC bought a new stake in Ares Capital during the 3rd quarter valued at $164,000. 43.70% of the stock is currently owned by institutional investors and hedge funds.

In other Ares Capital news, Director Michael J. Arougheti purchased 8,365 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were bought at an average price of $15.85 per share, for a total transaction of $132,585.25. Following the completion of the acquisition, the director now owns 937,054 shares in the company, valued at $14,852,305.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have acquired 8,965 shares of company stock worth $142,323. Insiders own 0.45% of the company’s stock.

A number of brokerages recently issued reports on ARCC. Wedbush began coverage on Ares Capital in a report on Monday, November 27th. They issued an “outperform” rating and a $18.00 target price on the stock. TheStreet raised Ares Capital from a “c+” rating to a “b-” rating in a research report on Tuesday. Zacks Investment Research cut Ares Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. National Securities reissued a “buy” rating and set a $19.00 price objective on shares of Ares Capital in a research report on Friday, November 3rd. Finally, Citigroup assumed coverage on Ares Capital in a research report on Wednesday, September 20th. They set an “outperform” rating and a $18.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. Ares Capital currently has an average rating of “Buy” and a consensus target price of $18.00.

Shares of Ares Capital Co. (NASDAQ ARCC) opened at $15.93 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7,038.20, a PE ratio of 11.47, a P/E/G ratio of 3.99 and a beta of 0.63. Ares Capital Co. has a one year low of $15.48 and a one year high of $17.87.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Thursday, November 2nd. The investment management company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Ares Capital had a net margin of 45.78% and a return on equity of 8.60%. The firm had revenue of $294.00 million during the quarter, compared to the consensus estimate of $295.02 million. During the same period last year, the business posted $0.43 earnings per share. equities analysts predict that Ares Capital Co. will post 1.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.54%. Ares Capital’s payout ratio is presently 119.69%.

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Ares Capital Company 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 (NASDAQ:ARCC)

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