Clear Creek Financial Management LLC Acquires 6,736 Shares of Ares Capital Co. (NASDAQ:ARCC)

Clear Creek Financial Management LLC grew its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,389 shares of the investment management company’s stock after buying an additional 6,736 shares during the period. Clear Creek Financial Management LLC’s holdings in Ares Capital were worth $3,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of ARCC. Cyndeo Wealth Partners LLC increased its holdings in Ares Capital by 2.3% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 19,148 shares of the investment management company’s stock valued at $419,000 after acquiring an additional 430 shares during the last quarter. JBR Co Financial Management Inc lifted its position in shares of Ares Capital by 1.5% in the third quarter. JBR Co Financial Management Inc now owns 33,047 shares of the investment management company’s stock worth $692,000 after buying an additional 500 shares in the last quarter. Onyx Bridge Wealth Group LLC boosted its stake in Ares Capital by 1.2% during the third quarter. Onyx Bridge Wealth Group LLC now owns 43,609 shares of the investment management company’s stock valued at $913,000 after buying an additional 531 shares during the last quarter. Centaurus Financial Inc. grew its holdings in Ares Capital by 3.9% during the 2nd quarter. Centaurus Financial Inc. now owns 14,428 shares of the investment management company’s stock valued at $301,000 after buying an additional 542 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in Ares Capital by 1.6% in the 4th quarter. Koshinski Asset Management Inc. now owns 37,086 shares of the investment management company’s stock worth $812,000 after acquiring an additional 567 shares during the last quarter. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Ares Capital Trading Up 1.1 %

NASDAQ:ARCC opened at $23.67 on Friday. The stock has a market capitalization of $15.29 billion, a price-to-earnings ratio of 9.10 and a beta of 1.00. Ares Capital Co. has a 52 week low of $19.32 and a 52 week high of $23.74. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. The firm 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 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.01). Ares Capital had a net margin of 53.71% and a return on equity of 12.06%. The business had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $770.45 million. During the same quarter in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Ares Capital Co. will post 2.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ARCC. StockNews.com raised shares of Ares Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. B. Riley boosted 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. Finally, Wells Fargo & Company upped their price objective on Ares Capital from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.43.

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.