Feinberg Stephen Holds Stake in Ares Capital Corporation (ARCC)

Feinberg Stephen held its position in Ares Capital Corporation (NASDAQ:ARCC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,000 shares of the investment management company’s stock at the end of the third quarter. Ares Capital Corporation makes up about 0.1% of Feinberg Stephen’s portfolio, making the stock its 5th largest position. Feinberg Stephen’s holdings in Ares Capital Corporation were worth $698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARCC. Burke & Herbert Bank & Trust Co. raised its position in shares of Ares Capital Corporation by 14.5% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 15,808 shares of the investment management company’s stock worth $245,000 after buying an additional 2,000 shares during the last quarter. Boston Partners raised its position in shares of Ares Capital Corporation by 133.2% in the third quarter. Boston Partners now owns 426,002 shares of the investment management company’s stock worth $6,603,000 after buying an additional 243,288 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Ares Capital Corporation by 161.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 4,975,000 shares of the investment management company’s stock worth $77,113,000 after buying an additional 3,075,000 shares during the last quarter. Wasatch Advisors Inc. raised its position in shares of Ares Capital Corporation by 1.5% in the third quarter. Wasatch Advisors Inc. now owns 379,834 shares of the investment management company’s stock worth $5,887,000 after buying an additional 5,768 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Ares Capital Corporation by 6.8% in the third quarter. Venturi Wealth Management LLC now owns 131,320 shares of the investment management company’s stock worth $2,035,000 after buying an additional 8,360 shares during the last quarter. 39.36% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Ares Capital Corporation (NASDAQ:ARCC)

Shares of Ares Capital Corporation (NASDAQ:ARCC) opened at 17.47 on Friday. Ares Capital Corporation has a 12 month low of $12.63 and a 12 month high of $17.54. The firm has a 50-day moving average of $16.88 and a 200-day moving average of $15.95.

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A number of research analysts have issued reports on ARCC shares. Zacks Investment Research upgraded shares of Ares Capital Corporation from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, November 15th. Janney Montgomery Scott started coverage on shares of Ares Capital Corporation in a research report on Monday, October 31st. They set a “neutral” rating and a $16.50 price target on the stock. Wells Fargo & Company reiterated a “buy” rating on shares of Ares Capital Corporation in a research report on Wednesday, January 4th. JMP Securities reiterated a “buy” rating on shares of Ares Capital Corporation in a research report on Thursday, November 3rd. Finally, National Securities reiterated a “neutral” rating and set a $16.00 price target on shares of Ares Capital Corporation in a research report on Monday, January 9th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $17.19.

Ares Capital Corporation Company Profile

Ares Capital Corporation is a specialty finance company that is a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. The Company invests primarily in the United States middle-market companies.

5 Day Chart for NASDAQ:ARCC

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