Ares Capital Corporation (ARCC) : Founders Financial Securities reduced its stake in Ares Capital Corporation by 36.75% during the most recent quarter end. The investment management company now holds a total of 11,803 shares of Ares Capital Corporation which is valued at $182,947 after selling 6,859 shares in Ares Capital Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Ares Capital Corporation makes up approximately 0.08% of Founders Financial Securities’s portfolio.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in ARCC during the most recent quarter. The investment firm sold 38,641 shares of ARCC which is valued $598,936.Telemus Capital boosted its stake in ARCC in the latest quarter, The investment management firm added 28,012 additional shares and now holds a total of 257,274 shares of Ares Capital Corporation which is valued at $3,998,038. Ares Capital Corporation makes up approx 0.45% of Telemus Capital’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ARCC by selling 1,510 shares or 31.31% in the most recent quarter. The Hedge Fund company now holds 3,312 shares of ARCC which is valued at $51,468.West Oak Capital boosted its stake in ARCC in the latest quarter, The investment management firm added 1,035 additional shares and now holds a total of 4,210 shares of Ares Capital Corporation which is valued at $65,423. Ares Capital Corporation makes up approx 0.05% of West Oak Capital’s portfolio.
Ares Capital Corporation opened for trading at $15.47 and hit $15.51 on the upside on Friday, eventually ending the session at $15.5, with a gain of 0.39% or 0.06 points. The heightened volatility saw the trading volume jump to 8,40,779 shares. Company has a market cap of $4,866 M.
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.
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.