Sei Investments Co. increased its position in shares of Ares Capital Corporation (NASDAQ:ARCC) by 50.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,980 shares of the investment management company’s stock after buying an additional 23,505 shares during the period. Sei Investments Co.’s holdings in Ares Capital Corporation were worth $1,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Muzinich & Co. Inc. increased its position in Ares Capital Corporation by 67.0% in the first quarter. Muzinich & Co. Inc. now owns 13,549,229 shares of the investment management company’s stock worth $235,486,000 after buying an additional 5,436,225 shares during the period. Toronto Dominion Bank increased its position in Ares Capital Corporation by 781.3% in the first quarter. Toronto Dominion Bank now owns 1,692,000 shares of the investment management company’s stock worth $29,403,000 after buying an additional 1,500,000 shares during the period. Columbia Wanger Asset Management LLC increased its position in Ares Capital Corporation by 59.4% in the first quarter. Columbia Wanger Asset Management LLC now owns 2,267,080 shares of the investment management company’s stock worth $39,402,000 after buying an additional 844,441 shares during the period. Ares Management LLC increased its position in Ares Capital Corporation by 55.2% in the first quarter. Ares Management LLC now owns 2,289,247 shares of the investment management company’s stock worth $39,787,000 after buying an additional 814,552 shares during the period. Finally, Clearbridge Investments LLC increased its position in Ares Capital Corporation by 31.9% in the first quarter. Clearbridge Investments LLC now owns 3,004,000 shares of the investment management company’s stock worth $52,210,000 after buying an additional 725,980 shares during the period. 45.86% of the stock is owned by institutional investors and hedge funds.

Shares of Ares Capital Corporation (NASDAQ:ARCC) opened at 16.13 on Thursday. The company has a 50-day moving average price of $16.30 and a 200 day moving average price of $16.88. Ares Capital Corporation has a one year low of $15.01 and a one year high of $17.87.

Ares Capital Corporation (NASDAQ:ARCC) last issued its quarterly earnings results on Wednesday, August 2nd. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.02. Ares Capital Corporation had a return on equity of 8.95% and a net margin of 44.61%. The business had revenue of $284 million during the quarter, compared to analysts’ expectations of $297.77 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. Analysts expect that Ares Capital Corporation will post $1.40 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 9.42%. Ares Capital Corporation’s payout ratio is currently 117.83%.

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ARCC has been the subject of a number of analyst reports. Zacks Investment Research downgraded Ares Capital Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.50 target price on shares of Ares Capital Corporation in a research note on Friday, June 16th. BidaskClub raised Ares Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. TheStreet downgraded Ares Capital Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, June 14th. Finally, National Securities raised Ares Capital Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $19.00 in a research note on Monday, May 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.06.

Ares Capital Corporation Company Profile

Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.

Institutional Ownership by Quarter for Ares Capital Corporation (NASDAQ:ARCC)

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