Ares Capital Corporation (ARCC) Position Increased by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY increased its holdings in shares of Ares Capital Corporation (NASDAQ:ARCC) by 13.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 389,373 shares of the investment management company’s stock after purchasing an additional 46,000 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Ares Capital Corporation were worth $6,382,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. IHT Wealth Management LLC grew its holdings in Ares Capital Corporation by 33.5% during the second quarter. IHT Wealth Management LLC now owns 4,568 shares of the investment management company’s stock worth $196,000 after acquiring an additional 1,147 shares during the period. Penserra Capital Management LLC grew its holdings in Ares Capital Corporation by 8.9% during the second quarter. Penserra Capital Management LLC now owns 6,439 shares of the investment management company’s stock worth $105,000 after acquiring an additional 526 shares during the period. Hudock Capital Group LLC grew its holdings in Ares Capital Corporation by 3.2% during the second quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock worth $106,000 after acquiring an additional 200 shares during the period. Ffcm LLC grew its holdings in Ares Capital Corporation by 218.9% during the second quarter. Ffcm LLC now owns 6,840 shares of the investment management company’s stock worth $113,000 after acquiring an additional 4,695 shares during the period. Finally, Grove Bank & Trust grew its holdings in Ares Capital Corporation by 45.4% during the second quarter. Grove Bank & Trust now owns 9,420 shares of the investment management company’s stock worth $154,000 after acquiring an additional 2,940 shares during the period. 45.15% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on the company. National Securities reiterated a “buy” rating and set a $19.00 target price on shares of Ares Capital Corporation in a research report on Friday. Jefferies Group LLC reiterated a “buy” rating and set a $19.50 target price on shares of Ares Capital Corporation in a research report on Friday. BidaskClub downgraded Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. TheStreet upgraded Ares Capital Corporation from a “c+” rating to a “b” rating in a research report on Monday, August 7th. Finally, Zacks Investment Research downgraded Ares Capital Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Ares Capital Corporation has a consensus rating of “Buy” and an average price target of $18.06.

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Ares Capital Corporation (NASDAQ:ARCC) last issued its earnings results on Thursday, November 2nd. The investment management company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The business had revenue of $294.00 million for the quarter, compared to analysts’ expectations of $295.02 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 $0.43 EPS.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.52 annualized dividend and a yield of 9.59%. Ares Capital Corporation’s dividend payout ratio is 117.83%.

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.

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

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