November 23, 2016 - By Clifton Ray · 0 Comments
The stock of Ares Capital Corporation (NASDAQ:ARCC) registered an increase of 7.27% in short interest. ARCC’s total short interest was 32.83M shares in November as published by FINRA. Its up 7.27% from 30.60 million shares, reported previously. With 1.99 million shares average volume, it will take short sellers 17 days to cover their ARCC’s short positions. About 84,072 shares traded hands. Ares Capital Corporation (NASDAQ:ARCC) has risen 5.98% since April 21, 2016 and is uptrending. It has outperformed by 0.65% the S&P500.
Ares Capital Corporation is a specialty finance firm that is a closed-end, non-diversified management investment company. The company has a market cap of $4.97 billion. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It has a 11.96 P/E ratio. The Firm invests primarily in the United States middle-market companies.
Insitutional Activity: The institutional sentiment decreased to 1.19 in 2016 Q2. Its down 0.08, from 1.27 in 2016Q1. The ratio dropped, as 26 funds sold all Ares Capital Corporation shares owned while 87 reduced positions. 33 funds bought stakes while 111 increased positions. They now own 153.44 million shares or 10.49% more from 138.87 million shares in 2016Q1.
The Pennsylvania-based Sei Invests has invested 0% in Ares Capital Corporation (NASDAQ:ARCC). Mirador Capital Prtnrs Lp owns 108,241 shares or 1.67% of their US portfolio. Perkins Coie accumulated 0.01% or 631 shares. Mycio Wealth Ltd Liability Company has 0% invested in the company for 147 shares. Advisory Research Incorporated accumulated 98,721 shares or 0.02% of the stock. State Of New Jersey Common Pension Fund D accumulated 1.90M shares or 0.12% of the stock. First Republic Mngmt Inc last reported 0.03% of its portfolio in the stock. Advsrs Cap Mngmt Limited Com has 1.88% invested in the company for 1.29M shares. Sg Americas Securities Ltd Llc last reported 0.01% of its portfolio in the stock. West Oak Cap Ltd Limited Liability Company has invested 0% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Baldwin Brothers Ma accumulated 0.02% or 6,000 shares. Davidson And Garrard has 0.39% invested in the company for 111,747 shares. Nomura Asset Mgmt Ltd holds 0.19% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 713,323 shares. Manufacturers Life Insur The last reported 0.02% of its portfolio in the stock. Bnp Paribas Arbitrage Sa accumulated 0% or 4,822 shares.
Insider Transactions: Since November 21, 2016, the stock had 1 insider purchase, and 0 sales for $3,156 net activity. On Monday, November 21 BARTLETT STEVE bought $3,156 worth of the stock or 200 shares.
Out of 10 analysts covering Ares Capital (NASDAQ:ARCC), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. Ares Capital has been the topic of 11 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Barclays Capital on Thursday, February 25. The stock has “Market Outperform” rating given by JMP Securities on Tuesday, August 9. National Securities initiated the shares of ARCC in a report on Tuesday, June 28 with “Neutral” rating. The rating was upgraded by Macquarie Research on Thursday, October 1 to “Outperform”. On Friday, August 21 the stock rating was maintained by Citigroup with “Buy”. As per Friday, August 28, the company rating was upgraded by Raymond James. The firm has “Buy” rating given on Thursday, August 18 by UBS. The stock has “Buy” rating given by DA Davidson on Wednesday, September 30.
Ares Capital Corporation, incorporated on April 16, 2004, is a specialty finance firm that is a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. The Firm invests primarily in the United States middle-market companies. The Firm invests in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and mezzanine debt, generally in a first lien position), second lien senior secured loans and mezzanine debt, which in some cases includes an equity component. First and second lien senior secured loans generally are senior debt instruments that rank ahead of subordinated debt of a given portfolio company. Mezzanine debt is subordinated to senior loans and is generally unsecured.
More notable recent Ares Capital Corporation (NASDAQ:ARCC) news were published by: Bloomberg.com which released: “Ares Capital to Buy American Capital in $3.4 Billion Deal” on May 23, 2016, also Fool.com with their article: “Ares Capital Corporation Stock in 3 Charts” published on March 26, 2016, Valuewalk.com published: “Ares Capital Corporation (ARCC): Big Dividend, 3 Big Risks” on November 07, 2016. More interesting news about Ares Capital Corporation (NASDAQ:ARCC) were released by: Businesswire.com and their article: “Ares Capital Corporation and American Capital, Ltd. To Hold Stockholder …” published on October 18, 2016 as well as Businesswire.com‘s news article titled: “Ares Capital Corporation Highlights Second Quarter 2016 Financing Commitments” with publication date: August 04, 2016.
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By Clifton Ray