Ares Management LLC Boosted Holding in Ares Capital Corp (ARCC) as Market Valuation Rose

July 16, 2018 - By Matthew Richard

Investors sentiment increased to 1.14 in Q1 2018. Its up 0.22, from 0.92 in 2017Q4. It is positive, as 32 investors sold ARCC shares while 107 reduced holdings. 48 funds opened positions while 110 raised stakes. 161.27 million shares or 3.08% more from 156.46 million shares in 2017Q4 were reported. Moreover, Cornerstone has 0.31% invested in Ares Capital Corporation (NASDAQ:ARCC) for 119,514 shares. Eqis Mngmt reported 11,481 shares. Oppenheimer Asset holds 0% or 12,164 shares. Moreover, Legal General Grp Inc Public Limited Com has 0.02% invested in Ares Capital Corporation (NASDAQ:ARCC). Moreover, Stratos Wealth Prns Ltd has 0.09% invested in Ares Capital Corporation (NASDAQ:ARCC) for 127,779 shares. Palisade Cap Management Limited Com Nj holds 207,345 shares or 0.11% of its portfolio. Portland Invest Counsel reported 139,211 shares stake. Cutter & Brokerage has invested 0.28% in Ares Capital Corporation (NASDAQ:ARCC). Price T Rowe Associates Md owns 225,000 shares or 0% of their US portfolio. Advisory Net Limited Liability Corp holds 0.06% in Ares Capital Corporation (NASDAQ:ARCC) or 45,023 shares. Freestone Holdg Limited Liability Co reported 0.37% stake. Bbr Partners Ltd Limited Liability Company stated it has 31,735 shares or 0.09% of all its holdings. 987,307 were accumulated by Hightower Advsrs Limited Liability. 533,610 are owned by Mckinley Capital Llc Delaware. Moreover, Royal Bancorporation Of Canada has 0.04% invested in Ares Capital Corporation (NASDAQ:ARCC).

Since January 23, 2018, it had 7 buys, and 0 selling transactions for $453,564 activity. $47,430 worth of Ares Capital Corporation (NASDAQ:ARCC) shares were bought by ROLL PENELOPE F. Arougheti Michael J had bought 25,000 shares worth $390,000.

Ares Management Llc increased its stake in Ares Capital Corp (ARCC) by 14.96% based on its latest 2018Q1 regulatory filing with the SEC. Ares Management Llc bought 301,713 shares as the company’s stock rose 4.82% while stock markets declined. The institutional investor held 2.32M shares of the company at the end of 2018Q1, valued at $36.79M, up from 2.02 million at the end of the previous reported quarter. Ares Management Llc who had been investing in Ares Capital Corp for a number of months, seems to be bullish on the $7.10B market cap company. The stock increased 0.69% or $0.1135 during the last trading session, reaching $16.6535. About 546,944 shares traded. Ares Capital Corporation (NASDAQ:ARCC) has declined 0.18% since July 16, 2017 and is downtrending. It has underperformed by 12.75% the S&P500.

Ares Management Llc, which manages about $35.87 billion and $3.14 billion US Long portfolio, decreased its stake in Fidus Investment Corp (NASDAQ:FDUS) by 220,000 shares to 24,077 shares, valued at $3.14M in 2018Q1, according to the filing.

More news for Ares Capital Corporation (NASDAQ:ARCC) were recently published by: Seekingalpha.com, which released: “Ares Capital board approves reducing asset coverage requirement” on June 25, 2018. Nasdaq.com‘s article titled: “Detailed Research: Economic Perspectives on Comerica, Vanda Pharmaceuticals, Acadia Healthcare, The Charles …” and published on June 27, 2018 is yet another important article.

Ares Capital Corporation (NASDAQ:ARCC) Ratings Coverage

Among 2 analysts covering Ares Capital (NASDAQ:ARCC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ares Capital had 2 analyst reports since April 11, 2018 according to SRatingsIntel. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Market Outperform” rating by JMP Securities on Monday, June 4. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Overweight” rating by JP Morgan on Wednesday, April 11.

Ares Capital Corporation (NASDAQ:ARCC) Ratings Chart

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