Bank of New Hampshire Sells 15,079 Shares of Ares Capital Co. (NASDAQ:ARCC)

Bank of New Hampshire lessened its stake in Ares Capital Co. (NASDAQ:ARCC) by 15.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,335 shares of the investment management company’s stock after selling 15,079 shares during the quarter. Bank of New Hampshire’s holdings in Ares Capital were worth $1,846,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Asset Dedication LLC acquired a new stake in shares of Ares Capital in the 2nd quarter valued at approximately $26,000. Horizon Financial Services LLC bought a new stake in Ares Capital in the third quarter valued at approximately $28,000. Blue Trust Inc. raised its holdings in Ares Capital by 56.8% in the third quarter. Blue Trust Inc. now owns 2,510 shares of the investment management company’s stock worth $52,000 after purchasing an additional 909 shares during the period. Quarry LP bought a new position in shares of Ares Capital during the third quarter worth $67,000. Finally, Centennial Bank AR acquired a new position in shares of Ares Capital in the 3rd quarter valued at $102,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on ARCC shares. Wells Fargo & Company raised Ares Capital from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, B. Riley increased their target price on Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.29.

Ares Capital Stock Down 0.1 %

Shares of NASDAQ ARCC traded down $0.02 during midday trading on Tuesday, reaching $22.10. The company’s stock had a trading volume of 200,360 shares, compared to its average volume of 3,221,160. The stock has a 50 day simple moving average of $21.73 and a 200-day simple moving average of $21.18. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of 8.50 and a beta of 1.00. Ares Capital Co. has a fifty-two week low of $19.32 and a fifty-two week high of $22.43.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings results on Wednesday, October 30th. The investment management company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.01). Ares Capital had a net margin of 53.71% and a return on equity of 12.06%. The business had revenue of $755.00 million during the quarter, compared to analyst estimates of $770.45 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. Equities research analysts predict that Ares Capital Co. will post 2.36 earnings per share for the current year.

Ares Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were given a dividend of $0.48 per share. The ex-dividend date was Friday, December 13th. This represents a $1.92 annualized dividend and a yield of 8.69%. Ares Capital’s dividend payout ratio (DPR) is presently 73.85%.

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.