Recently, several major investors have bought and sold shares of Ares Capital (ARCC). Jamison Private Wealth increased its stake by 62.7%, owning 1,233 shares worth $26,000. Asset Dedication also entered with a stake of $26,000, while Valley National Advisers raised its position by 323.3%, now holding 1,435 shares valued at $29,000. Hobbs Group Advisors acquired a $32,000 position, and nVerses Capital increased its holdings by 88.9%, owning 1,700 shares worth $35,000. Institutional investors and hedge funds hold 27.38% of the companys stock.
Ares Capital Up 0.3%
NASDAQ:ARCC rose by $0.07 to $21.08 with a trading volume of 1,893,385 shares. Ares Capital has a market cap of $12.95 billion, a P/E ratio of 7.22, and a beta of 1.01. Its 12-month price range is $18.55 to $21.84. Financial ratios include a debt-to-equity ratio of 1.05 and a current ratio of 1.40.
Ares Capital reported earnings on July 30, posting $0.61 EPS, exceeding estimates of $0.58. The company had a net margin of 59.76% and revenue of $755 million, higher than the forecast of $714.27 million. Analysts estimate an EPS of 2.39 for the current fiscal year.
Ares Capital Declares Dividend
A quarterly dividend of $0.48 per share was paid on September 30 to investors on record since September 13, representing an annualized dividend of $1.92 and a yield of 9.11%. The current payout ratio is 65.75%.
Analysts Update Price Targets
Research analysts have issued new ratings for ARCC. Royal Bank of Canada set a target of $22, while Compass Point upgraded to a strong-buy. JMP Securities also increased their target to $22. Currently, the stock has a consensus rating of Moderate Buy with an average target price of $21.71.
Get Our Latest Report on Ares Capital
Ares Capital Overview
Ares Capital Corporation specializes in investments in middle-market companies through acquisitions, recapitalization, and other financing solutions in various sectors, including manufacturing, healthcare, and IT.
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