Stock Traders Buy Large Volume of Ares Capital Corporation Call Options (ARCC)

Ares Capital Corporation (NASDAQ:ARCC) was the recipient of some unusual options trading on Friday. Stock traders acquired 10,606 call options on the stock. This is an increase of approximately Infinity compared to the typical daily volume of 0 call options.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HL Financial Services LLC grew its position in Ares Capital Corporation by 23.9% during the 3rd quarter. HL Financial Services LLC now owns 48,534 shares of the investment management company’s stock worth $795,000 after acquiring an additional 9,377 shares during the last quarter. Global X MANAGEMENT CO LLC grew its position in Ares Capital Corporation by 46.6% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 11,811 shares of the investment management company’s stock worth $194,000 after acquiring an additional 3,756 shares during the last quarter. Pekin Singer Strauss Asset Management IL grew its position in Ares Capital Corporation by 10.4% during the 3rd quarter. Pekin Singer Strauss Asset Management IL now owns 82,615 shares of the investment management company’s stock worth $1,354,000 after acquiring an additional 7,750 shares during the last quarter. Telemus Capital LLC grew its position in Ares Capital Corporation by 8.9% during the 3rd quarter. Telemus Capital LLC now owns 388,832 shares of the investment management company’s stock worth $6,373,000 after acquiring an additional 31,870 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its position in Ares Capital Corporation by 2.5% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 214,411 shares of the investment management company’s stock worth $3,514,000 after acquiring an additional 5,319 shares during the last quarter. Institutional investors and hedge funds own 45.15% of the company’s stock.

Several analysts have weighed in on the company. National Securities reaffirmed a “buy” rating and issued a $19.00 price target on shares of Ares Capital Corporation in a report on Friday. Zacks Investment Research cut Ares Capital Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub cut Ares Capital Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Citigroup Inc. initiated coverage on Ares Capital Corporation in a report on Wednesday, September 20th. They set an “outperform” rating and a $18.00 price objective on the stock. Finally, CIBC initiated coverage on Ares Capital Corporation in a report on Thursday, September 21st. They set an “outperform” rating and a $18.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.06.

Ares Capital Corporation (NASDAQ:ARCC) opened at $15.99 on Monday. The firm has a market capitalization of $6,816.52, a PE ratio of 11.10, a P/E/G ratio of 3.89 and a beta of 0.63. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. Ares Capital Corporation has a 1-year low of $15.01 and a 1-year high of $17.87.

Ares Capital Corporation (NASDAQ:ARCC) last announced its quarterly earnings data on Thursday, November 2nd. The investment management company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Ares Capital Corporation had a return on equity of 8.80% and a net margin of 45.78%. The company had revenue of $294.00 million for the quarter, compared to analysts’ expectations of $295.02 million. During the same period last year, the firm posted $0.43 EPS. research analysts anticipate that Ares Capital Corporation will post 1.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given 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 9.51%. Ares Capital Corporation’s payout ratio is 119.69%.

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Ares Capital Corporation Company Profile

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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