2 weeks Ago By ABMN Staff
Copperwynd Financial LLC lifted its position in shares of Ares Capital Co. ( NASDAQ:ARCC – Free Report ) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the SEC.
The firm owned 131,818 shares of the investment management company’s stock after acquiring an additional 8,442 shares during the quarter. Ares Capital makes up 0.9% of Copperwynd Financial LLC’s investment portfolio, making the stock its 22nd largest position.
Copperwynd Financial LLC’s holdings in Ares Capital were worth $2,760,000 at the end of the most recent quarter. Several other large investors also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc.
raised 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 valued at $26,000 after acquiring an additional 475 shares during the period. Asset Dedication LLC bought a new position in Ares Capital in the 2nd quarter worth about $26,000. Valley National Advisers Inc.
grew 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 valued at $29,000 after buying an additional 1,096 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in shares of Ares Capital during the second quarter valued at about $32,000. Finally, nVerses Capital LLC boosted its position in shares of Ares Capital by 88.
9% in the second quarter. nVerses Capital LLC now owns 1,700 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 27.
38% of the company’s stock. Ares Capital Price Performance ARCC opened at $20.91 on Friday.
The stock has a market capitalization of $12.85 billion, a P/E ratio of 7.16 and a beta of 1.
01. The company has a current ratio of 1.40, a quick ratio of 1.
40 and a debt-to-equity ratio of 1.05. Ares Capital Co.
has a 12-month low of $18.55 and a 12-month high of $21.84.
The stock has a 50-day moving average price of $20.71 and a 200-day moving average price of $20.78.
Ares Capital Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.48 dividend.
This represents a $1.92 dividend on an annualized basis and a yield of 9.18%.
The ex-dividend date is Friday, September 13th. Ares Capital’s payout ratio is presently 65.75%.
Wall Street Analyst Weigh In A number of analysts recently weighed in on ARCC shares. UBS Group raised shares of Ares Capital to a “hold” rating in a report on Friday, August 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $22.
00 price objective on shares of Ares Capital in a research note on Monday, August 5th. Compass Point upgraded Ares Capital to a “strong-buy” rating in a research note on Tuesday, July 30th. Finally, JMP Securities lifted 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. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock.
Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.71. Check Out Our Latest Research Report on ARCC Ares Capital Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding ARCC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Ares Capital Co. ( NASDAQ:ARCC – Free Report ). Receive News & Ratings for Ares Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Capital and related companies with MarketBeat.
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