Ares Capital Corporation (ARCC) : Confluence Investment Management scooped up 271,329 additional shares in Ares Capital Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 3,834,909 shares of Ares Capital Corporation which is valued at $58,520,711.Ares Capital Corporation makes up approximately 1.57% of Confluence Investment Management’s portfolio.
Other Hedge Funds, Including , Green Square Capital boosted its stake in ARCC in the latest quarter, The investment management firm added 21,381 additional shares and now holds a total of 177,126 shares of Ares Capital Corporation which is valued at $2,702,943. Ares Capital Corporation makes up approx 0.65% of Green Square Capital’s portfolio.Sonora Investment Management reduced its stake in ARCC by selling 162 shares or 9.99% in the most recent quarter. The Hedge Fund company now holds 1,459 shares of ARCC which is valued at $21,199. Ares Capital Corporation makes up approx 0.01% of Sonora Investment Management’s portfolio. West Oak Capital added ARCC to its portfolio by purchasing 3,175 company shares during the most recent quarter which is valued at $44,323. Ares Capital Corporation makes up approx 0.03% of West Oak Capital’s portfolio.Curian Capital reduced its stake in ARCC by selling 34,019 shares or 64.06% in the most recent quarter. The Hedge Fund company now holds 19,082 shares of ARCC which is valued at $266,385. Ares Capital Corporation makes up approx 0.02% of Curian Capital’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ARCC by selling 21,375 shares or 81.59% in the most recent quarter. The Hedge Fund company now holds 4,822 shares of ARCC which is valued at $67,315.
Ares Capital Corporation closed down -0.01 points or -0.07% at $15.14 with 17,99,436 shares getting traded on Friday. Post opening the session at $15.16, the shares hit an intraday low of $15.1039 and an intraday high of $15.22 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Ares Capital Corporation reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.39. The company had revenue of $248.00 million for the quarter, compared to analysts expectations of $255.95 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on Ares Capital Corporation. Ares Capital Corporation was Initiated by National Securities to “Neutral” on Jun 28, 2016.
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.