Onyx Bridge Wealth Group LLC Has $857,000 Stake in Ares Capital Co. (NASDAQ:ARCC)

Onyx Bridge Wealth Group LLC raised its position in Ares Capital Co. (NASDAQ:ARCC) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,777 shares of the investment management company’s stock after buying an additional 980 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Ares Capital were worth $857,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baron Financial Group LLC boosted its stake in Ares Capital by 3.0% in the fourth quarter. Baron Financial Group LLC now owns 18,366 shares of the investment management company’s stock valued at $368,000 after buying an additional 543 shares in the last quarter. Syntal Capital Partners LLC boosted its stake in shares of Ares Capital by 3.3% in the 3rd quarter. Syntal Capital Partners LLC now owns 17,346 shares of the investment management company’s stock valued at $338,000 after purchasing an additional 551 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Ares Capital by 1.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,595 shares of the investment management company’s stock valued at $693,000 after purchasing an additional 587 shares during the last quarter. Great Valley Advisor Group Inc. lifted its stake in Ares Capital by 4.4% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 14,067 shares of the investment management company’s stock valued at $274,000 after purchasing an additional 597 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in Ares Capital by 5.0% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,787 shares of the investment management company’s stock valued at $256,000 after buying an additional 605 shares in the last quarter. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. B. Riley lowered Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Monday, January 8th. Wells Fargo & Company lifted their target price on shares of Ares Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Finally, JMP Securities restated a “market outperform” rating and issued a $21.00 price target on shares of Ares Capital in a research report on Tuesday, March 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.80.

Ares Capital Trading Up 0.8 %

Shares of NASDAQ:ARCC traded up $0.17 during mid-day trading on Friday, hitting $20.59. The company had a trading volume of 2,427,273 shares, compared to its average volume of 3,623,678. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.24 and a quick ratio of 1.24. Ares Capital Co. has a one year low of $17.53 and a one year high of $20.86. The firm has a fifty day moving average price of $20.31 and a 200 day moving average price of $19.95. The company has a market capitalization of $12.49 billion, a PE ratio of 7.71 and a beta of 1.00.

Ares Capital (NASDAQ:ARCC) last issued its earnings results on Wednesday, February 7th. The investment management company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $707.00 million during the quarter, compared to the consensus estimate of $669.78 million. Ares Capital had a return on equity of 12.50% and a net margin of 58.22%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $0.68 EPS. As a group, research analysts forecast that Ares Capital Co. will post 2.35 EPS for the current year.

Ares Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.32%. The ex-dividend date was Thursday, March 14th. Ares Capital’s dividend payout ratio is 71.91%.

Ares Capital 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.