Kavar Capital Partners Group LLC Has $4.94 Million Holdings in Ares Capital Co. (NASDAQ:ARCC)

Kavar Capital Partners Group LLC increased its holdings in shares of Ares Capital Co. (NASDAQ:ARCC) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 235,681 shares of the investment management company’s stock after buying an additional 11,548 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Ares Capital were worth $4,935,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Jamison Private Wealth Management Inc. increased its holdings in Ares Capital by 62.7% during 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 bought a new position in Ares Capital during the 2nd quarter worth about $26,000. Valley National Advisers Inc. increased its holdings in 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 purchasing an additional 1,096 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in Ares Capital during the 2nd quarter worth about $32,000. Finally, nVerses Capital LLC increased its holdings in Ares Capital by 88.9% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Trading Down 0.4 %

Ares Capital stock opened at $21.58 on Friday. Ares Capital Co. has a 52 week low of $18.59 and a 52 week high of $21.84. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $13.26 billion, a P/E ratio of 7.39 and a beta of 1.01. The stock has a 50-day simple moving average of $20.96 and a 200 day simple moving average of $20.91.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings results on Tuesday, July 30th. The investment management company reported $0.61 EPS for the quarter, topping 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 business had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $714.27 million. During the same quarter last year, the company posted $0.58 earnings per share. Analysts expect that Ares Capital Co. will post 2.39 earnings per share for the current year.

Ares Capital Dividend Announcement

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

Analyst Ratings Changes

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

Ares Capital Company Profile

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.