What’s Ahead for Ares Capital Corporation (NASDAQ:ARCC) After Less Shorted Shares?

January 10, 2018 - By Marie Mckinney

 What’s Ahead for Ares Capital Corporation (NASDAQ:ARCC) After Less Shorted Shares?

Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.17, from 1.13 in 2017Q2. It dived, as 55 investors sold Ares Capital Corporation 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.
Bnp Paribas Arbitrage Sa holds 245,937 shares or 0.01% of its portfolio. Capital Guardian Tru has invested 0% in Ares Capital Corporation (NASDAQ:ARCC). Moreover, Cutter And Co Brokerage has 0.12% invested in Ares Capital Corporation (NASDAQ:ARCC) for 18,362 shares. Carroll Associate Incorporated accumulated 0.01% or 5,654 shares. Commonwealth Equity reported 0.03% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Arete Wealth Advsr Limited Liability Company has 13,533 shares for 0.09% of their portfolio. Paradigm Asset Mngmt Ltd Co, a New York-based fund reported 25,849 shares. First Republic Investment Incorporated holds 164,584 shares or 0.02% of its portfolio. Endurance Wealth Management has invested 0% in Ares Capital Corporation (NASDAQ:ARCC). Susquehanna Grp Inc Ltd Liability Partnership stated it has 0% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Duncker Streett Commerce Inc has invested 0.49% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Estabrook Capital accumulated 1,650 shares. Edge Wealth Management Limited Com has invested 0% in Ares Capital Corporation (NASDAQ:ARCC). 1.56M are owned by Bancorp Of New York Mellon Corporation. Miller Howard Invests Ny holds 389,373 shares or 0.13% of its portfolio.

The stock of Ares Capital Corporation (NASDAQ:ARCC) registered a decrease of 7.1% in short interest. ARCC’s total short interest was 1.45 million shares in January as published by FINRA. Its down 7.1% from 1.56M shares, reported previously. With 1.41M shares average volume, it will take short sellers 1 days to cover their ARCC’s short positions.

The stock decreased 0.12% or $0.0185 during the last trading session, reaching $15.8515. About 346,824 shares traded. Ares Capital Corporation (NASDAQ:ARCC) has risen 9.72% since January 10, 2017 and is uptrending. It has underperformed by 6.98% the S&P500.

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 had 26 analyst reports since August 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Hold” rating and $15.0 target in Wednesday, August 23 report. The firm has “Buy” rating by DA Davidson given on Wednesday, September 30. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, November 14. As per Thursday, August 3, the company rating was maintained by RBC Capital Markets. JMP Securities maintained Ares Capital Corporation (NASDAQ:ARCC) rating on Tuesday, August 9. JMP Securities has “Market Outperform” rating and $17 target. As per Wednesday, September 20, the company rating was initiated by Oppenheimer. The firm has “Neutral” rating by National Securities given on Tuesday, June 28. Raymond James upgraded the shares of ARCC in report on Friday, August 28 to “Outperform” rating. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Buy” rating given on Tuesday, August 15 by Jefferies. On Thursday, February 25 the stock rating was maintained by Barclays Capital with “Overweight”.

More important recent Ares Capital Corporation (NASDAQ:ARCC) news were published by: Nasdaq.com which released: “Ares Capital Corporation (ARCC) Ex-Dividend Date Scheduled for December 14, 2017” on December 13, 2017, also Seekingalpha.com published article titled: “Leveraging For Profit: Ares Capital And Apollo Investments”, Businesswire.com published: “Ares Capital Corporation Prices Public Offering of $600.0 Million 4.250% Notes …” on January 08, 2018. More interesting news about Ares Capital Corporation (NASDAQ:ARCC) was released by: Businesswire.com and their article: “Ares Capital Corporation Schedules Earnings Release for the Fourth Quarter and …” with publication date: January 09, 2018.

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