Ares Capital Corporation (NASDAQ:ARCC) has tumbled 3.24% during the past week and has dropped 7.7% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.08%. Ares Capital Corporation (NASDAQ:ARCC) has underperformed the index by 8.54% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Ares Capital Corporation (NASDAQ:ARCC): The stock opened at $14.12 on Friday but the bulls could not build on the opening and the stock topped out at $14.20 for the day. The stock traded down to $13.99 during the day, due to lack of any buying support eventually closed down at $14.02 with a loss of -1.13% for the day. The stock had closed at $14.18 on the previous day. The total traded volume was 2,735,996 shares.
On the companys insider trading activities, Bartlett Steve, director of Ares Capital Corp, had purchased 200 shares on May 20, 2016. The total value of the transaction was $3,024. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Currently the company Insiders own 0.57% of Ares Capital Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 11.54% . Institutional Investors own 46.34% of Ares Capital Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 14.96%.
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.