Ares Capital Corporation (ARCC) Holdings Reduced by Delphi Management Inc. MA

Delphi Management Inc. MA lowered its holdings in Ares Capital Corporation (NASDAQ:ARCC) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 143,040 shares of the investment management company’s stock after selling 1,060 shares during the quarter. Delphi Management Inc. MA’s holdings in Ares Capital Corporation were worth $2,343,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of ARCC. Principal Financial Group Inc. lifted its stake in shares of Ares Capital Corporation by 174.6% during the second quarter. Principal Financial Group Inc. now owns 5,725,346 shares of the investment management company’s stock valued at $93,782,000 after acquiring an additional 3,640,124 shares during the period. Elliott Management Corp acquired a new position in shares of Ares Capital Corporation during the second quarter valued at $18,343,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Ares Capital Corporation during the second quarter valued at $16,501,000. Clearbridge Investments LLC lifted its stake in shares of Ares Capital Corporation by 31.9% during the first quarter. Clearbridge Investments LLC now owns 3,004,000 shares of the investment management company’s stock valued at $52,210,000 after acquiring an additional 725,980 shares during the period. Finally, Neuberger Berman Group LLC lifted its stake in shares of Ares Capital Corporation by 41.5% during the second quarter. Neuberger Berman Group LLC now owns 1,473,027 shares of the investment management company’s stock valued at $24,128,000 after acquiring an additional 432,303 shares during the period. 45.01% of the stock is currently owned by institutional investors.

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Shares of Ares Capital Corporation (NASDAQ ARCC) traded down 0.4023% during midday trading on Wednesday, hitting $16.5133. The company’s stock had a trading volume of 459,216 shares. Ares Capital Corporation has a 1-year low of $15.01 and a 1-year high of $17.87. The company has a market cap of $7.04 billion, a P/E ratio of 9.1741 and a beta of 0.62. The company has a 50-day moving average price of $16.09 and a 200 day moving average price of $16.55.

Ares Capital Corporation (NASDAQ:ARCC) last announced its earnings results on Wednesday, August 2nd. The investment management company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The company had revenue of $284.00 million for the quarter, compared to analyst estimates of $297.77 million. Ares Capital Corporation had a return on equity of 8.95% and a net margin of 44.61%. During the same period in the previous year, the firm posted $0.50 earnings per share. On average, equities research analysts predict that Ares Capital Corporation will post $1.40 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 9.17%. The ex-dividend date of this dividend was Thursday, September 14th. Ares Capital Corporation’s payout ratio is presently 117.83%.

ARCC has been the topic of several research reports. TheStreet raised Ares Capital Corporation from a “c+” rating to a “b” rating in a research note on Monday, August 7th. National Securities reaffirmed a “buy” rating and set a $19.00 price target on shares of Ares Capital Corporation in a research note on Monday, August 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $19.50 price target on shares of Ares Capital Corporation in a research note on Friday, July 14th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.50 price target on shares of Ares Capital Corporation in a research note on Friday, June 16th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $15.00 price objective on shares of Ares Capital Corporation in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $17.89.

About Ares Capital Corporation

Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.

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

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