Ares Capital Corporation (ARCC) : Bruni J V Co Co scooped up 276,360 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 10, 2016. The investment management firm now holds a total of 1,581,446 shares of Ares Capital Corporation which is valued at $24,449,155.Ares Capital Corporation makes up approximately 4.58% of Bruni J V Co Co’s portfolio.
Other Hedge Funds, Including , New South Capital Management Inc reduced its stake in ARCC by selling 97,423 shares or 6.6% in the most recent quarter. The Hedge Fund company now holds 1,379,467 shares of ARCC which is valued at $21,326,560. Ares Capital Corporation makes up approx 0.51% of New South Capital Management Inc’s portfolio. Feltz Wealth Plan added ARCC to its portfolio by purchasing 43,034 company shares during the most recent quarter which is valued at $665,736. Ares Capital Corporation makes up approx 0.04% of Feltz Wealth Plan’s portfolio.Pekin Singer Strauss Asset Management Il boosted its stake in ARCC in the latest quarter, The investment management firm added 2,850 additional shares and now holds a total of 26,315 shares of Ares Capital Corporation which is valued at $404,988. Ares Capital Corporation makes up approx 0.09% of Pekin Singer Strauss Asset Management Il’s portfolio. Willingdon Wealth Management added ARCC to its portfolio by purchasing 167,975 company shares during the most recent quarter which is valued at $2,536,423. Ares Capital Corporation makes up approx 1.26% of Willingdon Wealth Management’s portfolio. Lgt Capital Partners Ltd. added ARCC to its portfolio by purchasing 1,840,000 company shares during the most recent quarter which is valued at $26,146,400. Ares Capital Corporation makes up approx 4.43% of Lgt Capital Partners Ltd.’s portfolio.
Ares Capital Corporation closed down -0.03 points or -0.19% at $15.68 with 13,51,315 shares getting traded on Friday. Post opening the session at $15.64, the shares hit an intraday low of $15.62 and an intraday high of $15.75 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 $0.50 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.
Investors should note that on Aug 3, 2016, Ares Capital Corporation announced a cash dividend of $0.3800. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 30, 2016.
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.