Ares Capital Corporation (ARCC) : Lgt Capital Partners Ltd. added new position in Ares Capital Corporation during the most recent quarter end. The investment management firm now holds 1,840,000 shares of Ares Capital Corporation which is valued at $26,146,400 , the company said in a statement filed on Jul 11, 2016 with the SEC.Ares Capital Corporation makes up approximately 4.43% of Lgt Capital Partners Ltd.’s portfolio.
Other Hedge Funds, Including , Dnb Asset Management As boosted its stake in ARCC in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 128,334 shares of Ares Capital Corporation which is valued at $1,791,543. Ares Capital Corporation makes up approx 0.04% of Dnb Asset Management As’s portfolio.Perkins Coie Trust Co boosted its stake in ARCC in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 631 shares of Ares Capital Corporation which is valued at $8,809. Ares Capital Corporation makes up approx 0.01% of Perkins Coie Trust Co’s portfolio.Founders Financial Securities reduced its stake in ARCC by selling 313 shares or 1.65% in the most recent quarter. The Hedge Fund company now holds 18,662 shares of ARCC which is valued at $260,522. Ares Capital Corporation makes up approx 0.12% of Founders Financial Securities’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.
Ares Capital Corporation (ARCC) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $14.17 and reached the intraday high at $14.23. The bulls started the profit booking and pushed the shares to intraday low of $14.14. The trading session was marked by a volume range of 29,73,266 shares exchanging hands. The 52-week high of the shares is $16.65 and the 52-week low is $11.01. The market cap of the company stands at $4,461 M and there are 31,39,54,010 shares in public circulation.
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.