Ares Capital Corporation (ARCC) : Ancora Inverness scooped up 42,840 additional shares in Ares Capital Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 226,979 shares of Ares Capital Corporation which is valued at $3,493,207.Ares Capital Corporation makes up approximately 1.29% of Ancora Inverness’s portfolio.
Other Hedge Funds, Including , Investors Capital Advisory Services reduced its stake in ARCC by selling 1,050 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 50,962 shares of ARCC which is valued at $784,305. Ares Capital Corporation makes up approx 0.15% of Investors Capital Advisory Services’s portfolio.Naples Global Advisors reduced its stake in ARCC by selling 245 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 65,435 shares of ARCC which is valued at $929,831. Ares Capital Corporation makes up approx 0.37% of Naples Global Advisors’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.
Ares Capital Corporation opened for trading at $15.5 and hit $15.6 on the upside on Monday, eventually ending the session at $15.47, with a gain of 0.06% or 0.01 points. The heightened volatility saw the trading volume jump to 24,12,678 shares. Company has a market cap of $4,857 M.
On the company’s financial health, Ares Capital Corporation reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.38.Analysts expectations of $ 247.94.During the same quarter in the previous year, the company posted $0.37 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.