Canton Hathaway LLC Has $541,000 Stock Holdings in Ares Capital Co. (NASDAQ:ARCC)

Canton Hathaway LLC raised its stake in Ares Capital Co. (NASDAQ:ARCC) by 64.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,700 shares of the investment management company’s stock after acquiring an additional 9,700 shares during the period. Canton Hathaway LLC’s holdings in Ares Capital were worth $541,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ARCC. Van ECK Associates Corp raised its holdings in shares of Ares Capital by 11.8% during the 4th quarter. Van ECK Associates Corp now owns 14,145,706 shares of the investment management company’s stock worth $309,649,000 after buying an additional 1,489,552 shares in the last quarter. CCLA Investment Management raised its holdings in shares of Ares Capital by 31.6% during the 4th quarter. CCLA Investment Management now owns 2,211,955 shares of the investment management company’s stock worth $48,419,000 after buying an additional 531,305 shares in the last quarter. Columbus Macro LLC acquired a new position in shares of Ares Capital during the 4th quarter worth $8,870,000. Vista Finance LLC bought a new stake in Ares Capital during the 4th quarter worth $8,413,000. Finally, Partners Group Holding AG grew its position in Ares Capital by 21.2% during the 3rd quarter. Partners Group Holding AG now owns 1,787,401 shares of the investment management company’s stock worth $37,428,000 after acquiring an additional 312,255 shares during the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Analysts Set New Price Targets

ARCC has been the topic of a number of research reports. Raymond James lowered Ares Capital from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 6th. B. Riley boosted their price objective on Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company reduced their price objective on Ares Capital from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. StockNews.com lowered Ares Capital from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Ares Capital from $23.00 to $24.50 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.94.

Ares Capital Trading Down 0.3 %

NASDAQ ARCC opened at $23.22 on Tuesday. The business’s 50-day moving average price is $22.65 and its two-hundred day moving average price is $21.73. Ares Capital Co. has a 12 month low of $19.32 and a 12 month high of $23.84. The firm has a market capitalization of $15.59 billion, a PE ratio of 9.48 and a beta of 1.01. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.03.

Ares Capital (NASDAQ:ARCC) last released its 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 return on equity of 11.54% and a net margin of 50.90%. On average, analysts expect that Ares Capital Co. will post 2.19 EPS for the current year.

Ares Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.92 annualized dividend and a yield of 8.27%. Ares Capital’s dividend payout ratio is currently 78.37%.

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.