Ares Capital Corporation (ARCC) : Muzinich scooped up 47,385 additional shares in Ares Capital Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 1,480,608 shares of Ares Capital Corporation which is valued at $22,090,671.Ares Capital Corporation makes up approximately 9.69% of Muzinich’s portfolio.
Ares Capital Corporation closed down -0.04 points or -0.27% at $14.88 with 14,68,177 shares getting traded on Monday. Post opening the session at $14.89, the shares hit an intraday low of $14.84 and an intraday high of $15.05 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Benjamin F. Edwards Company reduced its stake in ARCC by selling 929 shares or 15.62% in the most recent quarter. The Hedge Fund company now holds 5,017 shares of ARCC which is valued at $74,854. Ares Capital Corporation makes up approx 0.02% of Benjamin F. Edwards Company’s portfolio.Dnb Asset Management As reduced its stake in ARCC by selling 3,400 shares or 2.59% in the most recent quarter. The Hedge Fund company now holds 127,934 shares of ARCC which is valued at $1,908,775. Ares Capital Corporation makes up approx 0.04% of Dnb Asset Management As’s portfolio.Founders Financial Securities boosted its stake in ARCC in the latest quarter, The investment management firm added 5,949 additional shares and now holds a total of 18,975 shares of Ares Capital Corporation which is valued at $283,107. Ares Capital Corporation makes up approx 0.13% of Founders Financial Securities’s portfolio.
On the company’s financial health, Ares Capital Corporation reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $0.39.Analysts expectations of $ 255.63.During the same quarter in the previous year, the company posted $0.42 EPS.
Many Wall Street Analysts have commented on Ares Capital Corporation. Shares were Reiterated by Barclays on Feb 25, 2016 to “Overweight” and Lowered the Price Target to $ 16 from a previous price target of $18 .
Ares Capital Corporation is a specialty finance company that is engaged in closed-end non-diversified management investment businesses. The Companys investment objective is to generate both current income and capital appreciation through debt and equity investments investing invest primarily in United States middle-market companies. The Company primarily has three areas of focus: Corporate non-syndicated senior debt mezzanine debt and non-control equity to middle-market companies; Project Finance: high yield senior and mezzanine debt to finance power generation projects; Venture Finance senior secured loans to early-stage and emerging growth companies backed by venture capital firms. The Company invests in sectors such as Healthcare Services Business Services Education Energy Restaurants and Food Services Financial Services among others. The Company is externally managed by its investment adviser Ares Capital Management LLC.