Seabridge Investment Advisors LLC Stake In Ares Capital Corporation (ARCC) Was Increased

June 19, 2017 - By Vivian Park

Investors sentiment decreased to 1.15 in Q4 2016. Its down 0.04, from 1.19 in 2016Q3. It is negative, as 48 investors sold ARCC shares while 88 reduced holdings. 49 funds opened positions while 108 raised stakes. 160.62 million shares or 5.82% more from 151.79 million shares in 2016Q3 were reported. Boston Partners invested 0.01% in Ares Capital Corporation (NASDAQ:ARCC). Front Barnett Associates Ltd Llc holds 71,665 shares or 0.23% of its portfolio. Pitcairn holds 0.06% or 29,744 shares. Us Retail Bank De invested in 52,604 shares. Ranger Lp holds 26,191 shares or 1.39% of its portfolio. Segall Bryant And Hamill Ltd Company owns 0.33% invested in Ares Capital Corporation (NASDAQ:ARCC) for 800,785 shares. Webster Natl Bank N A invested in 0% or 1,374 shares. Fmr Ltd Company invested 0.02% in Ares Capital Corporation (NASDAQ:ARCC). Commercial Bank Of Nova Scotia holds 0.01% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 86,200 shares. Reliance Trust Of Delaware stated it has 20,097 shares. Nomura has 946,802 shares. Maryland-based Founders Fincl Securities Limited Liability Com has invested 0.08% in Ares Capital Corporation (NASDAQ:ARCC). 24,400 were accumulated by Paloma Prtn Mngmt Co. Omers Administration has invested 0.45% in Ares Capital Corporation (NASDAQ:ARCC). Nomura Asset Mgmt holds 0.23% in Ares Capital Corporation (NASDAQ:ARCC) or 772,193 shares.

Seabridge Investment Advisors Llc increased its stake in Ares Capital Corporation (ARCC) by 34443.18% based on its latest 2016Q4 regulatory filing with the SEC. Seabridge Investment Advisors Llc bought 227,325 shares as the company’s stock declined 6.68% while stock markets rallied. The institutional investor held 227,985 shares of the company at the end of 2016Q4, valued at $3.76M, up from 660 at the end of the previous reported quarter. Seabridge Investment Advisors Llc who had been investing in Ares Capital Corporation for a number of months, seems to be bullish on the $6.95 billion market cap company. The stock declined 0.09% or $0.01 reaching $16.28 on the news. About 1.03 million shares traded. Ares Capital Corporation (NASDAQ:ARCC) has risen 9.72% since June 19, 2016 and is uptrending. It has underperformed by 6.98% the S&P500.

Seabridge Investment Advisors Llc, which manages about $689.24 million and $416.11 million US Long portfolio, decreased its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 80,040 shares to 60,177 shares, valued at $2.45M in 2016Q4, according to the filing.

More notable recent Ares Capital Corporation (NASDAQ:ARCC) news were published by: Fool.com which released: “Better Buy: Main Street Capital vs. Ares Capital” on February 28, 2017, also Seekingalpha.com with their article: “Ares Capital Corp.: Time To Take Profits And Run?” published on April 15, 2017, Businesswire.com published: “Ares Capital Corporation to Attend the Deutsche Bank Global Financial Services …” on May 23, 2017. More interesting news about Ares Capital Corporation (NASDAQ:ARCC) were released by: Fool.com and their article: “Ares Capital Corporation: A Dividend Cut Is Around the Corner” published on June 07, 2017 as well as Nasdaq.com‘s news article titled: “Ares Capital Corporation (ARCC) Ex-Dividend Date Scheduled for June 13, 2017” with publication date: June 12, 2017.

Ares Capital Corporation (NASDAQ:ARCC) Ratings Coverage

Among 11 analysts covering Ares Capital (NASDAQ:ARCC), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Ares Capital had 12 analyst reports since August 21, 2015 according to SRatingsIntel. The company was upgraded on Thursday, October 1 by Macquarie Research. The rating was maintained by Barclays Capital with “Overweight” on Thursday, February 25. The company was maintained on Thursday, August 18 by UBS. DA Davidson initiated Ares Capital Corporation (NASDAQ:ARCC) rating on Wednesday, September 30. DA Davidson has “Buy” rating and $17 target. Citigroup maintained the shares of ARCC in report on Friday, August 21 with “Buy” rating. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Market Outperform” rating given on Tuesday, August 9 by JMP Securities. The company was upgraded on Friday, August 28 by Raymond James. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, May 31. National Securities initiated the stock with “Neutral” rating in Tuesday, June 28 report.

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