Bank of New Hampshire Has $1.85 Million Stock Holdings in Ares Capital Co. (NASDAQ:ARCC)

Bank of New Hampshire reduced its position in Ares Capital Co. (NASDAQ:ARCC) by 15.2% in the 4th quarter, HoldingsChannel reports. The firm owned 84,335 shares of the investment management company’s stock after selling 15,079 shares during the period. Bank of New Hampshire’s holdings in Ares Capital were worth $1,846,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARCC. Private Advisor Group LLC boosted its stake in shares of Ares Capital by 10.8% during the 2nd quarter. Private Advisor Group LLC now owns 292,740 shares of the investment management company’s stock worth $6,101,000 after acquiring an additional 28,430 shares during the period. Savant Capital LLC boosted its position in Ares Capital by 4.7% during the second quarter. Savant Capital LLC now owns 117,123 shares of the investment management company’s stock worth $2,441,000 after purchasing an additional 5,280 shares during the period. Asset Dedication LLC acquired a new position in shares of Ares Capital in the second quarter valued at $26,000. Ausdal Financial Partners Inc. raised its position in shares of Ares Capital by 3.9% in the second quarter. Ausdal Financial Partners Inc. now owns 32,016 shares of the investment management company’s stock valued at $667,000 after purchasing an additional 1,204 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ares Capital during the 2nd quarter worth about $162,000. Institutional investors own 27.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ARCC. B. Riley upped their price target on shares of Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised Ares Capital from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. Finally, StockNews.com raised Ares Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.29.

Ares Capital Price Performance

Shares of ARCC stock traded down $0.02 during trading on Tuesday, hitting $22.10. The company had a trading volume of 200,360 shares, compared to its average volume of 3,221,160. The firm has a market capitalization of $14.28 billion, a P/E ratio of 8.50 and a beta of 1.00. Ares Capital Co. has a one year low of $19.32 and a one year high of $22.43. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29. The stock’s 50-day moving average price is $21.73 and its 200 day moving average price is $21.18.

Ares Capital (NASDAQ:ARCC) last released its earnings results on Wednesday, October 30th. The investment management company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The company had revenue of $755.00 million for the quarter, compared to the consensus estimate of $770.45 million. Ares Capital had a net margin of 53.71% and a return on equity of 12.06%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. Equities analysts expect that Ares Capital Co. will post 2.36 EPS for the current fiscal year.

Ares Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.92 dividend on an annualized basis and a yield of 8.69%. Ares Capital’s payout ratio is 73.85%.

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.