Will Ares Capital Corporation – Closed End Fund (NASDAQ:ARCC) Run Out of Steam Soon? Short Interest is Up

April 17, 2018 - By Linda Rogers

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.04, from 0.96 in 2017Q3. It dropped, as 55 investors sold Ares Capital Corporation shares while 108 reduced holdings. 40 funds opened positions while 110 raised stakes. 156.46 million shares or 3.16% less from 161.57 million shares in 2017Q3 were reported.
Buckhead Management Ltd Liability Corporation holds 92,475 shares or 0.31% of its portfolio. Magnetar Ltd Liability owns 0.03% invested in Ares Capital Corporation (NASDAQ:ARCC) for 76,463 shares. Boyd Watterson Asset Mngmt Ltd Liability Corporation Oh holds 26,301 shares. Salem Investment Counselors accumulated 71,705 shares. Fernwood Inv Management Limited Liability Corporation owns 97,280 shares. Putnam Invs Lc owns 314,260 shares or 0.01% of their US portfolio. Moreover, Manufacturers Life Com The has 0% invested in Ares Capital Corporation (NASDAQ:ARCC) for 81,050 shares. Arrowstreet Ltd Partnership reported 0.17% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Us Bankshares De holds 0% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 44,728 shares. Texas-based Mcgowan Group Asset Management has invested 2.8% in Ares Capital Corporation (NASDAQ:ARCC). 526,785 were reported by Wellington Mgmt Gru Limited Liability Partnership. Willingdon Wealth Mngmt has invested 0.83% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Thrivent For Lutherans accumulated 443,896 shares or 0.02% of the stock. Hbk Lp, a Texas-based fund reported 154,445 shares. Carroll Assoc has invested 0.01% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC).

Since January 23, 2018, it had 5 insider buys, and 0 insider sales for $447,042 activity. The insider BARTLETT STEVE bought 200 shares worth $3,192. Shares for $47,430 were bought by ROLL PENELOPE F.

The stock of Ares Capital Corporation – Closed End Fund (NASDAQ:ARCC) registered an increase of 5.96% in short interest. ARCC’s total short interest was 3.16M shares in April as published by FINRA. Its up 5.96% from 2.98 million shares, reported previously. With 3.28 million shares average volume, it will take short sellers 1 days to cover their ARCC’s short positions.

The stock increased 0.06% or $0.01 during the last trading session, reaching $15.975. About 1.33M shares traded. Ares Capital Corporation (NASDAQ:ARCC) has declined 8.33% since April 17, 2017 and is downtrending. It has underperformed by 19.88% the S&P500.

Ares Capital Corporation (NASDAQ:ARCC) Ratings Coverage

Among 6 analysts covering Ares Capital Corp (NASDAQ:ARCC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Ares Capital Corp has $19.5 highest and $15.0 lowest target. $17.67’s average target is 10.61% above currents $15.975 stock price. Ares Capital Corp had 6 analyst reports since November 2, 2017 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $19.0 target in Friday, November 3 report. The stock has “Hold” rating by BMO Capital Markets on Tuesday, November 14. On Wednesday, April 11 the stock rating was maintained by JP Morgan with “Overweight”. Jefferies maintained it with “Buy” rating and $19.5 target in Thursday, November 2 report.

Ares Capital Corporation (NASDAQ:ARCC) Ratings Chart

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