Ares Capital Co. (NASDAQ:ARCC) Stock Holdings Reduced by Glenview Trust co

Glenview Trust co lowered its position in Ares Capital Co. (NASDAQ:ARCC) by 13.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 32,500 shares of the investment management company’s stock after selling 5,137 shares during the quarter. Glenview Trust co’s holdings in Ares Capital were worth $711,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Horizon Financial Services LLC purchased a new position in Ares Capital in the third quarter valued at about $28,000. Promus Capital LLC bought a new stake in shares of Ares Capital during the 4th quarter worth about $48,000. SRS Capital Advisors Inc. bought a new stake in shares of Ares Capital during the 4th quarter worth about $60,000. Montag A & Associates Inc. boosted its stake in shares of Ares Capital by 92.6% during the 4th quarter. Montag A & Associates Inc. now owns 2,889 shares of the investment management company’s stock worth $63,000 after acquiring an additional 1,389 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its stake in shares of Ares Capital by 200.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 3,000 shares of the investment management company’s stock worth $66,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Ares Capital Price Performance

NASDAQ ARCC opened at $21.65 on Tuesday. Ares Capital Co. has a twelve month low of $19.32 and a twelve month high of $23.84. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $14.76 billion, a PE ratio of 8.84 and a beta of 1.00. The stock has a 50-day simple moving average of $22.87 and a 200 day simple moving average of $21.91.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings results on Wednesday, February 5th. The investment management company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). Ares Capital had a net margin of 50.90% and a return on equity of 11.54%. Research analysts anticipate that Ares Capital Co. will post 2.19 EPS for the current year.

Ares Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.92 annualized dividend and a yield of 8.87%. Ares Capital’s dividend payout ratio (DPR) is 78.37%.

Analyst Upgrades and Downgrades

ARCC has been the subject of several recent analyst reports. StockNews.com downgraded Ares Capital from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Royal Bank of Canada upped their price target on Ares Capital from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their price target on Ares Capital from $23.00 to $24.50 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Wells Fargo & Company decreased their price target on Ares Capital from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on Ares Capital from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Ares Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.94.

About Ares Capital

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.