Ares Capital Corporation (ARCC) : Ares Management added new position in Ares Capital Corporation during the most recent quarter end. The investment management firm now holds 513,116 shares of Ares Capital Corporation which is valued at $7,948,167 , the company said in a statement filed on Nov 14, 2016 with the SEC.Ares Capital Corporation makes up approximately 0.88% of Ares Management’s portfolio.
Other Hedge Funds, Including , Horizon Kinetics sold out all of its stake in ARCC during the most recent quarter. The investment firm sold 10,162 shares of ARCC which is valued $157,206.Finemark National Bank Trust boosted its stake in ARCC in the latest quarter, The investment management firm added 373 additional shares and now holds a total of 4,493 shares of Ares Capital Corporation which is valued at $69,776. Ares Capital Corporation makes up approx 0.01% of Finemark National Bank Trust’s portfolio. Credit Agricole S A sold out all of its stake in ARCC during the most recent quarter. The investment firm sold 82 shares of ARCC which is valued $1,273.Benjamin F. Edwards Company boosted its stake in ARCC in the latest quarter, The investment management firm added 102 additional shares and now holds a total of 5,119 shares of Ares Capital Corporation which is valued at $79,037. Ares Capital Corporation makes up approx 0.01% of Benjamin F. Edwards Company’s portfolio.
Ares Capital Corporation opened for trading at $15.7 and hit $15.72 on the upside on Monday, eventually ending the session at $15.7, with a gain of 0.38% or 0.06 points. The heightened volatility saw the trading volume jump to 27,16,019 shares. Company has a market cap of $4,929 M.
On the company’s financial health, Ares Capital Corporation reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.38.Analysts expectations of $ 244.90.During the same quarter in the previous year, the company posted $0.41 EPS.
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.