PFG Investments LLC Purchases 1,937 Shares of Ares Capital Corporation (NASDAQ: ARCC)
PFG Investments LLC enhanced its stake in shares of Ares Capital Corporation (NASDAQ: ARCC– Free Report) by 6.8% in the first quarter, according to the company in its latest Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,452 shares of the financial investment management company’s stock after buying an additional […]
PFG Investments LLC boosted its stake in shares of Ares Capital Corporation (NASDAQ: ARCC– Free Report) by 6.8% in the first quarter, according to the business in its newest Type 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,452 shares of the financial investment management company’s stock after acquiring an additional 1,937 shares during the quarter. PFG Investments LLC’s holdings in Ares Capital were worth $675,000 at the end of the most recent reporting period. A variety of other hedge funds and other institutional financiers have also just recently contributed to or reduced their stakes in ARCC. Generali Property Management health club SGR bought a new position in Ares Capital throughout the fourth quarter worth $84,426,000. Raymond James Financial Inc. bought a brand-new position in Ares Capital during the 4th quarter worth $58,159,000. Two Sigma Investments LP increased its position in Ares Capital by 81.0% during the 4th quarter. Two Sigma Investments LP now owns 2,678,525 shares of the financial investment management business’s stock worth $58,633,000 after purchasing an extra 1,198,580 shares throughout the period. JPMorgan Chase & Co. improved its position in Ares Capital by 26.0% throughout the fourth quarter. JPMorgan Chase & Co. now owns 4,268,547 shares of the financial investment management business’s stock worth $93,439,000 after buying an extra 881,450 shares throughout the duration. Lastly, Bank of America Corp DE boosted its position in Ares Capital by 12.3% during the fourth quarter. Bank of America Corp DE now owns 7,951,926 shares of the investment management company’s stock worth $174,068,000 after acquiring an extra 871,370 shares during the period. 27.38% of the stock is owned by institutional financiers. Experts Set New Cost Targets A variety of equities experts have actually discussed the stock. B. Riley raised shares of Ares Capital to a “hold” rating in a research report on Monday, June 16th. JPMorgan Chase & Co. lowered their rate goal on shares of Ares Capital from $24.50 to $22.00 and set an “obese” score for the company in a research report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their target cost on Ares Capital from $23.00 to $22.00 and set an “outperform” ranking for the business in a report on Tuesday, April 8th. UBS Group dropped their target rate on Ares Capital from $22.00 to $21.00 and set a “neutral” score for the business in a report on Thursday, April 17th. Royal Bank Of Canada dropped their target cost on Ares Capital from $24.00 to $23.00 and set an “outperform” rating for the business in a report on Tuesday, May 6th. One investment expert has actually rated the stock with a sell ranking, three have actually provided a hold score, five have actually issued a buy score and one has actually released a strong buy ranking to the stock. Based on information from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a typical target rate of $22.00. Ares Capital Stock Down 0.1% ARCC opened at $21.47 on Tuesday. Ares Capital Corporation has a fifty-two week low of $18.26 and a fifty-two week high of $23.84. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.40 and a present ratio of 1.40. The business has a market capitalization of $14.90 billion, a P/E ratio of 10.47 and a beta of 0.68. The stock has a fifty day moving average of $21.36 and a 200-day moving average of $21.92. Ares Capital (NASDAQ: ARCC– Secure Free Report) last posted its quarterly incomes results on Tuesday, April 29th. The investment management business reported $0.50 EPS for the quarter, missing out on experts’ agreement quotes of $0.54 by ($0.04). The company had earnings of $599.00 million during the quarter, compared to expert estimates of $769.32 million. Ares Capital had a net margin of 43.50% and a return on equity of 11.05%. The company’s income for the quarter was up 4.4% compared to the same quarter last year. Throughout the exact same duration in 2015, the company earned $0.59 EPS. On average, equities analysts anticipate that Ares Capital Corporation will post 2.19 EPS for the current year. Ares Capital Announces Dividend Business likewise just recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 8.94%. The ex-dividend date of this dividend is Friday, June 13th. Ares Capital’s dividend payment ratio (DPR) is currently 93.66%. Ares Capital Profile (Free Report) Ares Capital Corporation is a business development company focusing on acquisition, recapitalization, mezzanine debt, restructurings, rescue funding, and leveraged buyout transactions of middle market business. It also makes growth capital and general refinancing. It prefers to make financial investments in companies engaged in the fundamental and development manufacturing, business services, customer products, health care products and services, and infotech service sectors. Included Articles Want to see what other hedge funds are holding ARCC? Go to HoldingsChannel.com to get the most recent 13F filings and expert trades for Ares Capital Corporation (NASDAQ: ARCC– Free Report ). Receive News & Scores for Ares Capital Daily – Enter your email address below to get a concise everyday summary of the current news and experts’ ratings for Ares Capital and related business with MarketBeat.com’s FREE everyday email newsletter.
JPMorgan Chase & Co. reduced their cost goal on shares of Ares Capital from $24.50 to $22.00 and set an “overweight” rating for the company in a research study report on Thursday, April 24th. UBS Group dropped their target price on Ares Capital from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Royal Bank Of Canada dropped their target price on Ares Capital from $24.00 to $23.00 and set an “outperform” score for the business in a report on Tuesday, May Sixth. Ares Capital Profile (Free Report) Ares Capital Corporation is a business development business specializing in acquisition, recapitalization, mezzanine financial obligation, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. Receive News & Ratings for Ares Capital Daily – Enter your email address below to get a concise daily summary of the most current news and analysts’ rankings for Ares Capital and associated companies with MarketBeat.com’s FREE everyday e-mail newsletter.
