Harvest Capital Management Inc acquired a new position in shares of Ares Capital Co. (NASDAQ:ARCC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,293 shares of the investment management company’s stock, valued at approximately $162,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Advisors LLC bought a new position in Ares Capital during the third quarter worth $128,000. Joel Isaacson & Co. LLC bought a new position in Ares Capital during the third quarter worth $164,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Ares Capital during the third quarter worth $167,000. Arete Wealth Advisors LLC bought a new position in Ares Capital during the second quarter worth $180,000. Finally, Putnam FL Investment Management Co. bought a new position in Ares Capital during the third quarter worth $181,000. Institutional investors own 43.60% of the company’s stock.
In other Ares Capital news, Director Michael J. Arougheti acquired 8,365 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were purchased at an average cost of $15.85 per share, with a total value of $132,585.25. Following the completion of the purchase, the director now owns 937,054 shares of the company’s stock, valued at $14,852,305.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired 8,965 shares of company stock worth $142,315 over the last ninety days. Insiders own 0.45% of the company’s stock.
Ares Capital Co. (NASDAQ ARCC) opened at $15.93 on Thursday. Ares Capital Co. has a 12 month low of $15.60 and a 12 month high of $17.87. The firm has a market cap of $6,790.00, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 3.36 and a beta of 0.63. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.66.
Ares Capital (NASDAQ:ARCC) last released its quarterly earnings data on Thursday, November 2nd. The investment management company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Ares Capital had a net margin of 45.78% and a return on equity of 8.60%. The firm had revenue of $294.00 million for the quarter, compared to analyst estimates of $295.02 million. During the same period last year, the firm earned $0.43 earnings per share. equities research analysts anticipate that Ares Capital Co. will post 1.38 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.54%. The ex-dividend date of this dividend was Thursday, December 14th. Ares Capital’s dividend payout ratio (DPR) is 120.63%.
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Ares Capital 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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