Ares Capital Corp (NASDAQ:ARCC) Institutional Investor Sentiment Analysis

May 19, 2017 - By Michael Collier

 Ares Capital Corp (NASDAQ:ARCC) Institutional Investor Sentiment Analysis

Sentiment for Ares Capital Corp (NASDAQ:ARCC)

Ares Capital Corp (NASDAQ:ARCC) institutional sentiment decreased to 1.15 in Q4 2016. Its down -0.04, from 1.19 in 2016Q3. The ratio has worsened, as 157 active investment managers started new and increased positions, while 136 sold and reduced their stakes in Ares Capital Corp. The active investment managers in our partner’s database reported: 160.62 million shares, up from 151.79 million shares in 2016Q3. Also, the number of active investment managers holding Ares Capital Corp in their top 10 positions increased from 13 to 15 for an increase of 2. Sold All: 48 Reduced: 88 Increased: 108 New Position: 49.

Ares Capital Corporation is a specialty finance company. The company has market cap of $7.05 billion. The Firm operates as a closed-end, non-diversified management investment company. It has a 12.08 P/E ratio. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments.

About 1.05M shares traded. Ares Capital Corporation (NASDAQ:ARCC) has risen 6.00% since April 19, 2017 and is uptrending. It has by 0.00% the S&P500.

Analysts await Ares Capital Corporation (NASDAQ:ARCC) to report earnings on August, 2. They expect $0.40 earnings per share, up 2.56 % or $0.01 from last year’s $0.39 per share. ARCC’s profit will be $170.43 million for 10.36 P/E if the $0.40 EPS becomes a reality. After $0.32 actual earnings per share reported by Ares Capital Corporation for the previous quarter, Wall Street now forecasts 25.00 % EPS growth.

Tegean Capital Management Llc holds 19.76% of its portfolio in Ares Capital Corporation for 1.30 million shares. Muzinich & Co. Inc. owns 8.11 million shares or 17.66% of their US portfolio. Moreover, Raiff Partners Inc has 9.69% invested in the company for 240,000 shares. The Connecticut-based Greenwich Investment Management Inc. has invested 8.22% in the stock. Yorktown Management & Research Co Inc, a Virginia-based fund reported 1.95 million shares.#img1#

Since January 1, 0001, it had 1 buying transaction, and 0 insider sales for $3,156 activity.

Ares Capital Corporation (NASDAQ:ARCC) Ratings Coverage

Ratings analysis reveals 70% of Ares Capital’s analysts are positive. Out of 10 Wall Street analysts rating Ares Capital, 7 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $16 while the high is $18. The stock’s average target of $17 is 2.66% above today’s ($16.56) share price. ARCC was included in 11 notes of analysts from August 21, 2015. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Buy” rating given on Thursday, August 18 by UBS. National Securities initiated the shares of ARCC in report on Tuesday, June 28 with “Neutral” rating. Barclays Capital maintained the shares of ARCC in report on Thursday, February 25 with “Overweight” rating. The firm earned “Outperform” rating on Thursday, October 1 by Macquarie Research. JMP Securities maintained the stock with “Market Outperform” rating in Tuesday, August 9 report. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Outperform” rating by Raymond James on Friday, August 28. The rating was initiated by DA Davidson with “Buy” on Wednesday, September 30. The rating was maintained by Citigroup on Friday, August 21 with “Buy”.

More recent Ares Capital Corporation (NASDAQ:ARCC) news were published by: Seekingalpha.com which released: “Ares Capital Corp.: Time To Take Profits And Run?” on April 15, 2017. Also Businesswire.com published the news titled: “Ares Capital Corporation Highlights First Quarter 2017 Financing Commitments” on May 04, 2017. Fool.com‘s news article titled: “Better Buy: Main Street Capital vs. Ares Capital” with publication date: February 28, 2017 was also an interesting one.

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