SMH Capital Advisors Inc. purchased a new position in shares of Ares Capital Co. (NASDAQ:ARCC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,735 shares of the investment management company’s stock, valued at approximately $577,000. Ares Capital makes up approximately 1.0% of SMH Capital Advisors Inc.’s holdings, making the stock its 20th biggest holding.

A number of other institutional investors also recently made changes to their positions in the stock. Bessemer Group Inc. grew its stake in Ares Capital by 14,542.3% in the 4th quarter. Bessemer Group Inc. now owns 7,614 shares of the investment management company’s stock valued at $120,000 after purchasing an additional 7,562 shares during the period. Legacy Advisors LLC bought a new position in Ares Capital in the 3rd quarter valued at $128,000. Van Cleef Asset Management Inc bought a new position in Ares Capital in the 4th quarter valued at $157,000. Harvest Capital Management Inc bought a new position in Ares Capital in the 4th quarter valued at $162,000. Finally, Joel Isaacson & Co. LLC bought a new position in Ares Capital in the 3rd quarter valued at $164,000. Institutional investors and hedge funds own 43.62% of the company’s stock.

Ares Capital Co. (NASDAQ ARCC) opened at $15.46 on Monday. Ares Capital Co. has a 1 year low of $15.03 and a 1 year high of $17.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $6,590.58, a price-to-earnings ratio of 12.17, a PEG ratio of 3.29 and a beta of 0.62.

A number of brokerages have issued reports on ARCC. Zacks Investment Research downgraded Ares Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. BidaskClub downgraded Ares Capital from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. National Securities restated a “buy” rating and issued a $19.00 price objective on shares of Ares Capital in a research note on Friday, November 3rd. Compass Point began coverage on Ares Capital in a research note on Wednesday, December 6th. They issued a “buy” rating and a $17.50 price objective for the company. Finally, TheStreet downgraded Ares Capital from a “b” rating to a “c+” rating in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $18.00.

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Ares Capital 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.

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

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