Mirae Asset Global Investments Co. Ltd. Acquires 7,695 Shares of Ares Capital Co. (NASDAQ:ARCC) – Journal Global Online

Mirae Asset Global Investments Co. Ltd. accumulated its holdings in shares of Ares Capital Co. (NASDAQ:ARCC – Free Report) by 41.3% during the 1st quarter, according to its most past filing with the Securities and Exchange Commission (SEC). The institutionalised investor owned 26,338 shares of the assets direction company’s hit after purchase an added 7,695 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ares Capital were worth $548,000 at the modify of the most past quarter.

Several another institutionalised investors hit also fresh bought and oversubscribed shares of the company. Chapin solon Inc. raised its wager in Ares Capital by 2.2% in the 1st quarter. Chapin solon Inc. today owns 22,966 shares of the assets direction company’s hit valued at $478,000 after feat an added 501 shares in the terminal quarter. attorney National Corp raised its wager in Ares Capital by 3.0% in the 4th quarter. attorney National Corp today owns 17,665 shares of the assets direction company’s hit valued at $354,000 after feat an added 520 shares in the terminal quarter. noble Financial Group LLC raised its wager in Ares Capital by 3.0% in the 4th quarter. noble Financial Group LLC today owns 18,366 shares of the assets direction company’s hit valued at $368,000 after feat an added 543 shares in the terminal quarter. Transcend Capital Advisors LLC raised its wager in Ares Capital by 0.5% in the 4th quarter. Transcend Capital Advisors LLC today owns 108,577 shares of the assets direction company’s hit valued at $2,175,000 after feat an added 557 shares in the terminal quarter. Finally, Perigon Wealth Management LLC raised its wager in Ares Capital by 1.8% in the 1st quarter. Perigon Wealth Management LLC today owns 33,354 shares of the assets direction company’s hit valued at $694,000 after feat an added 584 shares in the terminal quarter. Institutional investors possess 27.38% of the company’s stock.

Ares Capital Stock Down 1.0 %

ARCC stock unsealed at $20.85 on Friday. The consort has a underway ratio of 1.63, a hurried ratio of 1.63 and a debt-to-equity ratio of 0.99. The concern has a mart estimation of $12.81 billion, a PE ratio of 7.14 and a beta of 1.01. Ares Capital Co. has a 1-year baritone of $18.55 and a 1-year broad of $21.84. The business’s 50 punctuation ultimate agitated cipher is $21.11 and its 200 punctuation ultimate agitated cipher is $20.62.

Ares Capital (NASDAQ:ARCC – Get Free Report) terminal posted its earnings results on Wednesday, May 1st. The assets direction consort reportable $0.59 earnings per deal for the quarter, absent analysts’ consensus estimates of $0.60 by ($0.01). The playing had income of $701.00 meg for the quarter, compared to shrink estimates of $703.85 million. Ares Capital had a convey on justness of 12.37% and a gain edge of 62.77%. The firm’s income was up 13.4% compared to the aforementioned lodge terminal year. During the aforementioned punctuation in the preceding year, the concern posted $0.56 earnings per share. As a group, investigate analysts look that Ares Capital Co. module place 2.34 EPS for the underway year.

Ares Capital Announces Dividend

The concern also fresh declared a quarterly dividend, which was paying on Friday, June 28th. Investors of achievement on Friday, June 14th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized foundation and a dividend consent of 9.21%. The ex-dividend fellow was Friday, June 14th. Ares Capital’s payout ratio is presently 65.75%.

Wall Street Analysts Forecast Growth

Several equities investigate analysts hit commented on ARCC shares. Royal Bank of Canada restated an “outperform” judgement and issued a $22.00 direct toll on shares of Ares Capital in a investigate state on Thursday, May 23rd. Oppenheimer boosted their toll direct on Ares Capital from $21.00 to $22.00 and gave the hit an “outperform” judgement in a investigate inform on Thursday, May 2nd. JPMorgan Chase & Co. boosted their toll direct on Ares Capital from $21.50 to $22.00 and gave the hit an “overweight” judgement in a investigate inform on Thursday, May 2nd. JMP Securities reaffirmed a “market outperform” judgement and ordered a $21.00 toll direct on shares of Ares Capital in a investigate inform on Tuesday, March 26th. Finally, Truist Financial boosted their toll direct on Ares Capital from $22.00 to $23.00 and gave the hit a “buy” judgement in a investigate inform on Thursday, May 2nd. Three equities investigate analysts hit rated the hit with a stop judgement and fivesome hit appointed a acquire judgement to the company’s stock. Based on accumulation from MarketBeat, Ares Capital presently has an cipher judgement of “Moderate Buy” and a consensus toll direct of $21.50.

Get Our Latest Stock Report on ARCC

Ares Capital Company Profile

(Free Report)

Ares Capital Corporation is a playing utilization consort specializing in acquisition, recapitalization, storey debt, restructurings, delivery financing, and leveraged buyout transactions of region mart companies. It also makes ontogeny top and generalized refinancing. It prefers to attain investments in companies geared in the base and ontogeny manufacturing, playing services, consumer products, upbeat tending products and services, and aggregation profession assist sectors.

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