97,805 Shares in Ares Capital Co. (NASDAQ:ARCC) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new stake in Ares Capital Co. (NASDAQ:ARCC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 97,805 shares of the investment management company’s stock, valued at approximately $2,141,000.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can raised its position in Ares Capital by 39.7% in the 2nd quarter. Bank of Montreal Can now owns 20,510 shares of the investment management company’s stock worth $441,000 after purchasing an additional 5,832 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Ares Capital in the 2nd quarter valued at $2,083,000. The Manufacturers Life Insurance Company raised its position in shares of Ares Capital by 2.3% during the second quarter. The Manufacturers Life Insurance Company now owns 177,553 shares of the investment management company’s stock worth $3,700,000 after acquiring an additional 4,030 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Ares Capital by 25.4% during the second quarter. NewEdge Advisors LLC now owns 79,918 shares of the investment management company’s stock valued at $1,665,000 after acquiring an additional 16,184 shares during the period. Finally, Truist Financial Corp boosted its holdings in Ares Capital by 2.1% in the second quarter. Truist Financial Corp now owns 137,274 shares of the investment management company’s stock valued at $2,861,000 after acquiring an additional 2,888 shares during the last quarter. 27.38% of the stock is owned by institutional investors.

Ares Capital Stock Performance

Shares of Ares Capital stock opened at $23.30 on Tuesday. Ares Capital Co. has a 12 month low of $19.32 and a 12 month high of $23.53. 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 company has a market capitalization of $15.05 billion, a PE ratio of 8.96 and a beta of 1.00. The stock’s fifty day simple moving average is $22.15 and its 200 day simple moving average is $21.39.

Ares Capital (NASDAQ:ARCC) last released its quarterly earnings data on Wednesday, October 30th. The investment management company reported $0.58 earnings per share 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 for the quarter, compared to the consensus estimate of $770.45 million. During the same quarter last year, the firm earned $0.59 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, research analysts predict that Ares Capital Co. will post 2.36 EPS for the current year.

Ares Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 8.24%. The ex-dividend date was Friday, December 13th. Ares Capital’s dividend payout ratio (DPR) is presently 73.85%.

Analysts Set New Price Targets

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

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.