Ares Capital Co. (NASDAQ:ARCC) Shares Sold by Brighton Jones LLC

Brighton Jones LLC trimmed its holdings in Ares Capital Co. (NASDAQ:ARCC) by 6.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,869 shares of the investment management company’s stock after selling 663 shares during the quarter. Brighton Jones LLC’s holdings in Ares Capital were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. raised its holdings in shares of Ares Capital by 62.7% in the 2nd quarter. Jamison Private Wealth Management Inc. now owns 1,233 shares of the investment management company’s stock worth $26,000 after purchasing an additional 475 shares in the last quarter. Asset Dedication LLC acquired a new stake in shares of Ares Capital during the 2nd quarter valued at $26,000. Valley National Advisers Inc. boosted its stake in shares of Ares Capital by 323.3% during the 1st quarter. Valley National Advisers Inc. now owns 1,435 shares of the investment management company’s stock worth $29,000 after acquiring an additional 1,096 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of Ares Capital in the 2nd quarter worth $32,000. Finally, nVerses Capital LLC raised its position in shares of Ares Capital by 88.9% during the second quarter. nVerses Capital LLC now owns 1,700 shares of the investment management company’s stock worth $35,000 after purchasing an additional 800 shares during the period. Institutional investors own 27.38% of the company’s stock.

Ares Capital Trading Down 0.4 %

Shares of NASDAQ:ARCC opened at $21.58 on Friday. Ares Capital Co. has a 12-month low of $18.59 and a 12-month high of $21.84. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $13.26 billion, a P/E ratio of 7.39 and a beta of 1.01. The firm has a fifty day moving average of $20.96 and a two-hundred day moving average of $20.91.

Ares Capital (NASDAQ:ARCC) last issued its earnings results on Tuesday, July 30th. The investment management company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Ares Capital had a return on equity of 12.24% and a net margin of 59.76%. The firm had revenue of $755.00 million for the quarter, compared to the consensus estimate of $714.27 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. On average, equities analysts expect that Ares Capital Co. will post 2.39 EPS for the current fiscal year.

Ares Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 8.90%. The ex-dividend date was Friday, September 13th. Ares Capital’s payout ratio is presently 65.75%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ARCC. JMP Securities increased their price target on Ares Capital from $21.00 to $22.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 30th. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price target on shares of Ares Capital in a report on Monday, August 5th. UBS Group raised shares of Ares Capital to a “hold” rating in a research note on Friday, August 23rd. Finally, Compass Point upgraded Ares Capital to a “strong-buy” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.71.

About Ares Capital

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.