Birch Grove Capital Lp buys $2,319,000 stake in Ares Capital Corporation (ARCC)

Ares Capital Corporation (ARCC) : Birch Grove Capital Lp scooped up 110,000 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 15, 2016. The investment management firm now holds a total of 150,000 shares of Ares Capital Corporation which is valued at $2,319,000.Ares Capital Corporation makes up approximately 8.91% of Birch Grove Capital Lp’s portfolio.

Other Hedge Funds, Including , Greenwich Investment Management boosted its stake in ARCC in the latest quarter, The investment management firm added 34,775 additional shares and now holds a total of 469,682 shares of Ares Capital Corporation which is valued at $7,261,284. Ares Capital Corporation makes up approx 7.41% of Greenwich Investment Management’s portfolio.Parametric Portfolio Associates boosted its stake in ARCC in the latest quarter, The investment management firm added 663 additional shares and now holds a total of 342,568 shares of Ares Capital Corporation which is valued at $5,296,101. Ares Capital Corporation makes up approx 0.01% of Parametric Portfolio Associates’s portfolio.Quantbot Technologies Lp reduced its stake in ARCC by selling 21,947 shares or 77.24% in the most recent quarter. The Hedge Fund company now holds 6,468 shares of ARCC which is valued at $99,543. Ares Capital Corporation makes up approx 0.01% of Quantbot Technologies Lp’s portfolio.Advisory Services Network boosted its stake in ARCC in the latest quarter, The investment management firm added 7,832 additional shares and now holds a total of 38,953 shares of Ares Capital Corporation which is valued at $594,423. Ares Capital Corporation makes up approx 0.13% of Advisory Services Network’s portfolio.

Ares Capital Corporation (ARCC) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $16.15 and reached the intraday high at $16.2. The bulls started the profit booking and pushed the shares to intraday low of $16.0299. The trading session was marked by a volume range of 17,69,116 shares exchanging hands. The 52-week high of the shares is $16.2 and the 52-week low is $12.31. The market cap of the company stands at $5,073 M and there are 31,39,54,010 shares in public circulation.

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 Company’s 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.

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