Advisory Services Network LLC Has $1.51 Million Position in Ares Capital Co. (NASDAQ:ARCC)

Advisory Services Network LLC boosted its holdings in shares of Ares Capital Co. (NASDAQ:ARCCGet Rating) by 6.5% in the first quarter, Holdings Channel.com reports. The fund owned 72,192 shares of the investment management company’s stock after buying an additional 4,411 shares during the quarter. Advisory Services Network LLC’s holdings in Ares Capital were worth $1,512,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. raised its holdings in shares of Ares Capital by 70.7% in the 1st quarter. Financial Management Professionals Inc. now owns 1,775 shares of the investment management company’s stock valued at $37,000 after purchasing an additional 735 shares during the period. Hardy Reed LLC bought a new stake in shares of Ares Capital during the 1st quarter worth approximately $42,000. Western Pacific Wealth Management LP bought a new position in Ares Capital in the 4th quarter valued at approximately $47,000. Hazlett Burt & Watson Inc. bought a new position in Ares Capital in the 1st quarter valued at approximately $48,000. Finally, Samalin Investment Counsel LLC lifted its stake in Ares Capital by 83.7% in the 4th quarter. Samalin Investment Counsel LLC now owns 2,750 shares of the investment management company’s stock valued at $58,000 after purchasing an additional 1,253 shares during the last quarter. Institutional investors and hedge funds own 33.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Oppenheimer decreased their price objective on shares of Ares Capital to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. JMP Securities lowered their price objective on shares of Ares Capital from $24.00 to $22.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 28th. TheStreet downgraded shares of Ares Capital from a “b-” rating to a “c+” rating in a research note on Monday, May 23rd. Finally, StockNews.com raised shares of Ares Capital from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ares Capital currently has a consensus rating of “Moderate Buy” and an average price target of $21.88.

Ares Capital Stock Performance

ARCC stock opened at $18.96 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50-day moving average price of $19.72 and a 200 day moving average price of $19.81. The company has a market capitalization of $9.41 billion, a P/E ratio of 8.58 and a beta of 0.97. Ares Capital Co. has a 1-year low of $17.03 and a 1-year high of $23.00.

Ares Capital (NASDAQ:ARCCGet Rating) last announced its earnings results on Tuesday, July 26th. The investment management company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Ares Capital had a net margin of 54.92% and a return on equity of 10.15%. During the same period in the prior year, the firm earned $0.53 earnings per share. As a group, equities research analysts forecast that Ares Capital Co. will post 1.93 EPS for the current fiscal year.

Insider Transactions at Ares Capital

In other Ares Capital news, CFO Penelope F. Roll purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were acquired at an average price of $19.04 per share, for a total transaction of $47,600.00. Following the completion of the purchase, the chief financial officer now owns 54,500 shares of the company’s stock, valued at $1,037,680. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Ares Capital news, CFO Penelope F. Roll bought 2,500 shares of Ares Capital stock in a transaction dated Wednesday, September 14th. The stock was acquired at an average cost of $19.04 per share, with a total value of $47,600.00. Following the purchase, the chief financial officer now directly owns 54,500 shares in the company, valued at approximately $1,037,680. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Penelope F. Roll acquired 25,000 shares of Ares Capital stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average cost of $19.77 per share, with a total value of $494,250.00. Following the completion of the purchase, the chief financial officer now owns 52,000 shares in the company, valued at approximately $1,028,040. The disclosure for this purchase can be found here. Insiders own 0.59% of the company’s stock.

About Ares Capital

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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.

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Institutional Ownership by Quarter for Ares Capital (NASDAQ:ARCC)

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