Clear Creek Financial Management LLC Purchases 6,736 Shares of Ares Capital Co. (NASDAQ:ARCC)

Clear Creek Financial Management LLC grew its position in Ares Capital Co. (NASDAQ:ARCC) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 182,389 shares of the investment management company’s stock after buying an additional 6,736 shares during the period. Clear Creek Financial Management LLC’s holdings in Ares Capital were worth $3,992,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in Ares Capital by 24.3% in the 3rd quarter. Franklin Resources Inc. now owns 650,163 shares of the investment management company’s stock valued at $13,900,000 after acquiring an additional 127,219 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Ares Capital by 4.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 885,406 shares of the investment management company’s stock valued at $18,540,000 after purchasing an additional 38,559 shares in the last quarter. CCLA Investment Management boosted its position in shares of Ares Capital by 31.6% during the fourth quarter. CCLA Investment Management now owns 2,211,955 shares of the investment management company’s stock valued at $48,419,000 after buying an additional 531,305 shares during the last quarter. Romano Brothers AND Company increased its holdings in Ares Capital by 11.2% in the 4th quarter. Romano Brothers AND Company now owns 354,237 shares of the investment management company’s stock worth $7,754,000 after buying an additional 35,659 shares in the last quarter. Finally, Confluence Investment Management LLC raised its position in Ares Capital by 1.7% in the 3rd quarter. Confluence Investment Management LLC now owns 3,836,573 shares of the investment management company’s stock worth $80,338,000 after buying an additional 63,999 shares during the last quarter. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ARCC shares. Wells Fargo & Company lifted their price target on shares of Ares Capital from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday. B. Riley boosted their target price on shares of Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, StockNews.com raised Ares Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.43.

Ares Capital Trading Up 1.1 %

NASDAQ:ARCC opened at $23.67 on Friday. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 9.10 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. The business has a fifty day moving average price of $22.28 and a 200-day moving average price of $21.45. Ares Capital Co. has a one year low of $19.32 and a one year high of $23.74.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings data on Wednesday, October 30th. The investment management company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.01). The company had revenue of $755.00 million during the quarter, compared to the consensus estimate of $770.45 million. Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. Sell-side analysts forecast that Ares Capital Co. will post 2.36 EPS for the current year.

Ares Capital Company Profile

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.