Ares Capital Corporation (ARCC) : Telemus Capital scooped up 28,012 additional shares in Ares Capital Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 257,274 shares of Ares Capital Corporation which is valued at $3,998,038.Ares Capital Corporation makes up approximately 0.45% of Telemus Capital’s portfolio.
Other Hedge Funds, Including , 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 (ARCC) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $15.56 and reached the intraday high at $15.59. The bulls started the profit booking and pushed the shares to intraday low of $15.41. The trading session was marked by a volume range of 22,60,973 shares exchanging hands. The 52-week high of the shares is $16.43 and the 52-week low is $12.31. The market cap of the company stands at $4,879 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.
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.