Ares Capital Corporation (ARCC) : Alpha Omega Wealth Management scooped up 217 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 21, 2016. The investment management firm now holds a total of 10,800 shares of Ares Capital Corporation which is valued at $163,404.Ares Capital Corporation makes up approximately 0.14% of Alpha Omega Wealth Management’s portfolio.
Ares Capital Corporation opened for trading at $15.28 and hit $15.45 on the upside on Wednesday, eventually ending the session at $15.38, with a gain of 0.59% or 0.09 points. The heightened volatility saw the trading volume jump to 10,38,916 shares. Company has a market cap of $4,835 M.
Other Hedge Funds, Including , Transamerica Financial Advisors reduced its stake in ARCC by selling 992 shares or 29.24% in the most recent quarter. The Hedge Fund company now holds 2,401 shares of ARCC which is valued at $36,327. Cornerstone Advisors sold out all of its stake in ARCC during the most recent quarter. The investment firm sold 220 shares of ARCC which is valued $3,329. Simplex Trading added ARCC to its portfolio by purchasing 3,587 company shares during the most recent quarter which is valued at $53,518. Ares Capital Corporation makes up approx 0.01% of Simplex Trading’s portfolio. Proficio Capital Partners added ARCC to its portfolio by purchasing 1,801 company shares during the most recent quarter which is valued at $26,961. Ares Capital Corporation makes up approx 0.02% of Proficio Capital Partners’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.