Chicago Partners Investment Group LLC Acquires 25,347 Shares of Ares Capital Co. (NASDAQ:ARCC)

Chicago Partners Investment Group LLC grew its holdings in Ares Capital Co. (NASDAQ:ARCC) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 507,374 shares of the investment management company’s stock after buying an additional 25,347 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Ares Capital were worth $11,208,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ARCC. Total Clarity Wealth Management Inc. grew its position in shares of Ares Capital by 16.9% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 11,582 shares of the investment management company’s stock worth $254,000 after buying an additional 1,672 shares during the period. Clear Creek Financial Management LLC raised its position in shares of Ares Capital by 3.8% during the 4th quarter. Clear Creek Financial Management LLC now owns 182,389 shares of the investment management company’s stock valued at $3,992,000 after acquiring an additional 6,736 shares during the last quarter. Gilbert & Cook Inc. boosted its position in shares of Ares Capital by 3.5% in the 4th quarter. Gilbert & Cook Inc. now owns 1,567,270 shares of the investment management company’s stock worth $34,308,000 after purchasing an additional 52,682 shares during the last quarter. Penbrook Management LLC acquired a new stake in shares of Ares Capital during the fourth quarter worth $238,000. Finally, First Affirmative Financial Network increased its holdings in Ares Capital by 46.5% in the fourth quarter. First Affirmative Financial Network now owns 20,615 shares of the investment management company’s stock valued at $451,000 after purchasing an additional 6,544 shares during the last quarter. 27.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

ARCC has been the topic of a number of recent analyst reports. StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Wells Fargo & Company boosted their price objective on shares of Ares Capital from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, B. Riley increased their target price on shares of Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three equities research 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, the company has a consensus rating of “Moderate Buy” and an average target price of $22.43.

Ares Capital Trading Up 1.1 %

NASDAQ ARCC opened at $23.67 on Friday. Ares Capital Co. has a 12 month low of $19.32 and a 12 month high of $23.74. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.06. The company has a market cap of $15.29 billion, a PE ratio of 9.10 and a beta of 1.00. The stock has a 50 day moving average of $22.28 and a 200-day moving average of $21.45.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Wednesday, October 30th. The investment management company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The firm had revenue of $755.00 million for the quarter, compared to the consensus estimate of $770.45 million. Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. The company’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. On average, equities research analysts anticipate that Ares Capital Co. will post 2.36 EPS for the current fiscal year.

Ares Capital Company 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.