Syon Capital LLC Invests $568,000 in Ares Capital Co. (NASDAQ:ARCC)

Syon Capital LLC purchased a new position in shares of Ares Capital Co. (NASDAQ:ARCC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 28,350 shares of the investment management company’s stock, valued at approximately $568,000.

Several other large investors have also recently made changes to their positions in ARCC. Cedar Mountain Advisors LLC purchased a new stake in Ares Capital in the 3rd quarter valued at $25,000. Cape Investment Advisory Inc. grew its holdings in Ares Capital by 411.0% in the 3rd quarter. Cape Investment Advisory Inc. now owns 1,952 shares of the investment management company’s stock valued at $38,000 after buying an additional 1,570 shares in the last quarter. Activest Wealth Management grew its holdings in Ares Capital by 137.2% in the 4th quarter. Activest Wealth Management now owns 2,142 shares of the investment management company’s stock valued at $43,000 after buying an additional 1,239 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC grew its holdings in Ares Capital by 59.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 2,351 shares of the investment management company’s stock valued at $47,000 after buying an additional 875 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in shares of Ares Capital in the 4th quarter valued at $51,000. 27.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ares Capital Stock Up 0.7 %

ARCC stock traded up $0.15 during mid-day trading on Friday, reaching $20.78. The company had a trading volume of 2,639,645 shares, compared to its average volume of 3,547,033. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $12.61 billion, a price-to-earnings ratio of 7.73 and a beta of 1.00. The firm has a fifty day simple moving average of $20.35 and a 200 day simple moving average of $20.00. Ares Capital Co. has a fifty-two week low of $17.53 and a fifty-two week high of $20.86.

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

Ares Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.48 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.24%. Ares Capital’s payout ratio is currently 71.91%.

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.