Winslow Evans & Crocker Inc. lessened its stake in Ares Capital Co. (NASDAQ:ARCC) by 6.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,918 shares of the investment management company’s stock after selling 1,012 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Ares Capital were worth $268,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ARCC. Parallel Advisors LLC boosted its stake in shares of Ares Capital by 656.9% in the first quarter. Parallel Advisors LLC now owns 1,582 shares of the investment management company’s stock worth $27,000 after acquiring an additional 1,373 shares during the period. Weaver Consulting Group acquired a new position in Ares Capital during the 1st quarter worth $29,000. Nordea Investment Management AB grew its holdings in Ares Capital by 50.9% during the 1st quarter. Nordea Investment Management AB now owns 1,684 shares of the investment management company’s stock worth $29,000 after acquiring an additional 568 shares in the last quarter. Howe & Rusling Inc. acquired a new position in Ares Capital during the 1st quarter worth $33,000. Finally, Capital Investment Advisory Services LLC boosted its holdings in shares of Ares Capital by 344.9% in the 1st quarter. Capital Investment Advisory Services LLC now owns 2,149 shares of the investment management company’s stock valued at $37,000 after buying an additional 1,666 shares during the period. 37.48% of the stock is owned by institutional investors and hedge funds.
In other news, Director Daniel G. Kelly, Jr. acquired 4,500 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average cost of $18.01 per share, for a total transaction of $81,045.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven B. Mckeever acquired 5,640 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $17.52 per share, for a total transaction of $98,812.80. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 20,265 shares of company stock worth $358,269. 0.53% of the stock is currently owned by insiders.
Shares of NASDAQ ARCC traded down $0.15 during midday trading on Thursday, hitting $18.42. The company’s stock had a trading volume of 44,254 shares, compared to its average volume of 1,056,375. Ares Capital Co. has a 1-year low of $14.50 and a 1-year high of $18.83. The business has a fifty day simple moving average of $18.07. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.47 and a current ratio of 2.47. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 10.89 and a beta of 0.63.
Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Tuesday, July 30th. The investment management company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. The firm had revenue of $382.00 million for the quarter, compared to the consensus estimate of $363.60 million. Ares Capital had a net margin of 59.58% and a return on equity of 10.12%. Ares Capital’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $0.60 EPS. On average, equities research analysts forecast that Ares Capital Co. will post 1.79 EPS for the current year.
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.
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