Muzinich & Company Stake in Ares Capital Corp (ARCC) Decreased by $36.48 Million

October 2, 2018 - By Peter Erickson

Investors sentiment decreased to 0.99 in Q2 2018. Its down 0.15, from 1.14 in 2018Q1. It dropped, as 28 investors sold ARCC shares while 118 reduced holdings. 38 funds opened positions while 106 raised stakes. 158.29 million shares or 1.85% less from 161.27 million shares in 2018Q1 were reported. Cue Finance Group Inc holds 0.49% or 49,106 shares. Jpmorgan Chase And Co holds 0% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 956,212 shares. Jefferies Grp Lc has 18,778 shares for 0% of their portfolio. Wilbanks Smith And Thomas Asset Mgmt Ltd has invested 0.06% in Ares Capital Corporation (NASDAQ:ARCC). Nwq Investment Mngmt Limited Co accumulated 1.01 million shares or 0.3% of the stock. Winslow Evans And Crocker Inc accumulated 0.05% or 9,092 shares. Legal General Gp Public Ltd Liability Com holds 1.65 million shares. Moreover, Hyman Charles D has 0.02% invested in Ares Capital Corporation (NASDAQ:ARCC). Baltimore owns 535,548 shares. Kistler stated it has 371 shares. Magnetar Fincl Ltd Liability Corp has invested 0% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Segall Bryant Hamill Lc has 626,061 shares. State Of Tennessee Treasury Department has invested 0.01% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Gam Hldg Ag invested in 0.01% or 10,751 shares. Catalyst Capital Advsr Lc holds 0.02% or 31,478 shares in its portfolio.

Since April 23, 2018, it had 6 buys, and 0 sales for $291,337 activity. The insider Torre Bates Ann bought $156,960. $120,947 worth of Ares Capital Corporation (NASDAQ:ARCC) shares were bought by SIEGEL ERIC B.

Muzinich & Company decreased its stake in Ares Capital Corp (ARCC) by 33.16% based on its latest 2018Q2 regulatory filing with the SEC. Muzinich & Company sold 2.28M shares as the company’s stock rose 2.90% with the market. The institutional investor held 4.59M shares of the company at the end of 2018Q2, valued at $75.59M, down from 6.87 million at the end of the previous reported quarter. Muzinich & Company who had been investing in Ares Capital Corp for a number of months, seems to be less bullish one the $7.28B market cap company. The stock decreased 0.81% or $0.14 during the last trading session, reaching $17.07. About 1.40 million shares traded. Ares Capital Corporation (NASDAQ:ARCC) has risen 8.35% since October 2, 2017 and is uptrending. It has underperformed by 7.27% the S&P500.

Muzinich & Company, which manages about $22.20 billion and $485.79 million US Long portfolio, upped its stake in Corporate Capital Trust Inc by 1.30M shares to 2.37 million shares, valued at $36.97M in 2018Q2, according to the filing.

Analysts await Ares Capital Corporation (NASDAQ:ARCC) to report earnings on November, 1. They expect $0.40 EPS, up 11.11 % or $0.04 from last year’s $0.36 per share. ARCC’s profit will be $170.52M for 10.67 P/E if the $0.40 EPS becomes a reality. After $0.39 actual EPS reported by Ares Capital Corporation for the previous quarter, Wall Street now forecasts 2.56 % EPS growth.

More news for Ares Capital Corporation (NASDAQ:ARCC) were recently published by: Seekingalpha.com, which released: “Ares Capital: Should Dividend Growth Investors Consider It?” on September 18, 2018. Seekingalpha.com‘s article titled: “The Brown Bag Portfolio August Review” and published on September 04, 2018 is yet another important article.

Ares Capital Corporation (NASDAQ:ARCC) Ratings Coverage

Among 3 analysts covering Ares Capital (NASDAQ:ARCC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ares Capital had 3 analyst reports since April 11, 2018 according to SRatingsIntel. JMP Securities maintained Ares Capital Corporation (NASDAQ:ARCC) on Monday, June 4 with “Market Outperform” rating. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Overweight” rating given on Wednesday, April 11 by JP Morgan.

Ares Capital Corporation (NASDAQ:ARCC) Ratings Chart

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