Walled Lake Planning & Wealth Management LLC Buys New Position in Ares Capital Co. (NASDAQ:ARCC)

Walled Lake Planning & Wealth Management LLC purchased a new position in Ares Capital Co. (NASDAQ:ARCC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 9,757 shares of the investment management company’s stock, valued at approximately $214,000.

A number of other large investors also recently modified their holdings of ARCC. Cyndeo Wealth Partners LLC increased its position in Ares Capital by 2.3% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 19,148 shares of the investment management company’s stock worth $419,000 after acquiring an additional 430 shares during the period. Fiduciary Group LLC grew its position in Ares Capital by 2.3% in the 4th quarter. Fiduciary Group LLC now owns 21,851 shares of the investment management company’s stock worth $478,000 after purchasing an additional 500 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in shares of Ares Capital by 0.9% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 56,182 shares of the investment management company’s stock worth $1,230,000 after purchasing an additional 512 shares during the period. Western Financial Corp CA raised its position in shares of Ares Capital by 2.2% during the fourth quarter. Western Financial Corp CA now owns 26,387 shares of the investment management company’s stock valued at $578,000 after buying an additional 564 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its position in Ares Capital by 1.6% during the fourth quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company’s stock worth $812,000 after buying an additional 567 shares in the last quarter. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Ares Capital from $23.00 to $24.50 and gave the company an “overweight” rating in a report on Monday, February 3rd. StockNews.com cut Ares Capital from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Wells Fargo & Company lowered their price target on shares of Ares Capital from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Raymond James downgraded shares of Ares Capital from an “outperform” rating to a “market perform” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada upped their target price on shares of Ares Capital from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.94.

Ares Capital Trading Down 1.1 %

Shares of ARCC opened at $22.11 on Friday. 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 company has a market cap of $15.13 billion, a price-to-earnings ratio of 9.02 and a beta of 1.00. The stock has a fifty day moving average price of $22.80 and a two-hundred day moving average price of $21.98. Ares Capital Co. has a 52-week low of $19.32 and a 52-week high of $23.84.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings results on Wednesday, February 5th. The investment management company reported $0.55 earnings per share (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%. Analysts predict that Ares Capital Co. will post 2.19 EPS for the current fiscal year.

Ares Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 8.68%. The ex-dividend date is Friday, March 14th. Ares Capital’s dividend payout ratio (DPR) is presently 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.