Credit Suisse Ag Decreased Ares Cap Corp (NASDAQ:ARCC) Stake By $23.71 Million

March 15, 2018 - By Darrin Black

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.17, from 1.13 in 2017Q2. It worsened, as 55 investors sold ARCC shares while 104 reduced holdings. 35 funds opened positions while 118 raised stakes. 161.57 million shares or 5.32% less from 170.64 million shares in 2017Q2 were reported. Sigma Planning Corporation holds 153,770 shares or 0.21% of its portfolio. Paradigm Asset Com Ltd Liability Com holds 25,849 shares. Alpha Windward Llc has 0.3% invested in Ares Capital Corporation (NASDAQ:ARCC). Comerica Bancorporation owns 0.13% invested in Ares Capital Corporation (NASDAQ:ARCC) for 1.14 million shares. Pnc Financial Svcs Group has invested 0% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Amundi Pioneer Asset owns 0.01% invested in Ares Capital Corporation (NASDAQ:ARCC) for 218,392 shares. Sumitomo Mitsui Trust Holdings Inc has 0% invested in Ares Capital Corporation (NASDAQ:ARCC). Duncker Streett And Inc stated it has 0.49% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Rivernorth Management Limited Liability Corporation reported 1.68M shares or 2.24% of all its holdings. The California-based Partnervest Advisory Svcs Limited Liability has invested 0.81% in Ares Capital Corporation (NASDAQ:ARCC). Bankshares Of Ny Mellon invested in 1.56M shares. Moreover, Oppenheimer Asset Mgmt Inc has 0.01% invested in Ares Capital Corporation (NASDAQ:ARCC) for 21,188 shares. 681,118 are held by Advisory Inc. Webster Comml Bank N A invested in 0.01% or 2,314 shares. Spectrum Management Gru, a Indiana-based fund reported 912 shares.

Since January 23, 2018, it had 3 insider buys, and 0 sales for $53,850 activity. ROLL PENELOPE F had bought 3,000 shares worth $47,430.

Credit Suisse Ag decreased its stake in Ares Cap Corp (NASDAQ:ARCC) by 75.6% based on its latest 2017Q4 regulatory filing with the SEC. Credit Suisse Ag sold 1.58M shares as the company’s stock declined 6.68% while stock markets rallied. The institutional investor held 510,000 shares of the company at the end of 2017Q4, valued at $8.02 million, down from 2.09M at the end of the previous reported quarter. Credit Suisse Ag who had been investing in Ares Cap Corp for a number of months, seems to be less bullish one the $6.64 billion market cap company. The stock decreased 0.32% or $0.05 during the last trading session, reaching $15.58. About 3.27 million shares traded or 51.56% up from the average. Ares Capital Corporation (NASDAQ:ARCC) has risen 9.72% since March 15, 2017 and is uptrending. It has underperformed by 6.98% the S&P500.

Credit Suisse Ag, which manages about $41.97 billion and $112.01 billion US Long portfolio, upped its stake in Newmont Mining Corp (NYSE:NEM) by 2.15M shares to 2.94 million shares, valued at $110.32M in 2017Q4, according to the filing. It also increased its holding in Wells Fargo Co New (NYSE:WFC) by 6.04M shares in the quarter, for a total of 9.56M shares, and has risen its stake in Fedex Corp (NYSE:FDX).

Credit Suisse Ag is a Switzerland-based institutional investor with more than $41.97 billion AUM in December, 2014. Credit Suisse Ag is the 32th largest institutional investor in our database. Taken from Credit Suisse latest Adv, the fund reported to have 300 full and part-time employees. Among which 160 performing investment advisory and research functions. The institutional investor had more than 500 clients.

Ares Capital Corporation (NASDAQ:ARCC) Ratings Coverage

Among 17 analysts covering Ares Capital (NASDAQ:ARCC), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Ares Capital has $19.5 highest and $15.0 lowest target. $17.46’s average target is 12.07% above currents $15.58 stock price. Ares Capital had 26 analyst reports since August 21, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Friday, October 6 with “Hold”. The stock has “Buy” rating by Citigroup on Friday, August 21. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, June 14. RBC Capital Markets maintained it with “Hold” rating and $1900 target in Thursday, August 3 report. UBS maintained Ares Capital Corporation (NASDAQ:ARCC) on Thursday, August 18 with “Buy” rating. The rating was upgraded by Raymond James to “Outperform” on Friday, August 28. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Buy” rating by DA Davidson on Wednesday, September 30. The firm has “Hold” rating given on Wednesday, May 31 by BMO Capital Markets. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, August 23 report. On Tuesday, August 9 the stock rating was maintained by JMP Securities with “Market Outperform”.

More news for Ares Capital Corporation (NASDAQ:ARCC) were recently published by:, which released: “Ares Capital Corporation and Varagon Capital Partners Expand Senior Direct …” on February 13, 2018.‘s article titled: “Ares Capital Corporation to Present at Upcoming Conferences” and published on February 27, 2018 is yet another important article.

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