Ares Capital Corporation (ARCC) : Clough Capital Partners L P scooped up 593,500 additional shares in Ares Capital Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 3,201,800 shares of Ares Capital Corporation which is valued at $49,531,846.Ares Capital Corporation makes up approximately 2.65% of Clough Capital Partners L P’s portfolio.
Other Hedge Funds, Including , Raymond James Associates boosted its stake in ARCC in the latest quarter, The investment management firm added 180,793 additional shares and now holds a total of 548,568 shares of Ares Capital Corporation which is valued at $8,486,347. Ares Capital Corporation makes up approx 0.02% of Raymond James Associates’s portfolio.Pacer Advisors boosted its stake in ARCC in the latest quarter, The investment management firm added 3,539 additional shares and now holds a total of 41,492 shares of Ares Capital Corporation which is valued at $644,371. Ares Capital Corporation makes up approx 0.10% of Pacer Advisors’s portfolio.Cibc World Markets reduced its stake in ARCC by selling 21,001 shares or 14.76% in the most recent quarter. The Hedge Fund company now holds 121,245 shares of ARCC which is valued at $1,845,349. Ares Capital Corporation makes up approx 0.01% of Cibc World Markets’s portfolio.Willingdon Wealth Management boosted its stake in ARCC in the latest quarter, The investment management firm added 66,818 additional shares and now holds a total of 234,793 shares of Ares Capital Corporation which is valued at $3,575,897. Ares Capital Corporation makes up approx 1.87% of Willingdon Wealth Management’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.