Ares Capital Co. (ARCC) Position Reduced by Shelton Capital Management

Shelton Capital Management lessened its stake in shares of Ares Capital Co. (NASDAQ:ARCC) by 25.3% during the fourth quarter, Holdings Channel reports. The fund owned 128,241 shares of the investment management company’s stock after selling 43,400 shares during the quarter. Shelton Capital Management’s holdings in Ares Capital were worth $2,016,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its holdings in shares of Ares Capital by 2.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 133,545 shares of the investment management company’s stock valued at $2,191,000 after acquiring an additional 3,168 shares during the last quarter. Global X MANAGEMENT CO LLC boosted its holdings in shares of Ares Capital by 46.6% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 11,811 shares of the investment management company’s stock valued at $194,000 after acquiring an additional 3,756 shares during the last quarter. V Wealth Management LLC boosted its holdings in shares of Ares Capital by 9.4% during the 4th quarter. V Wealth Management LLC now owns 43,638 shares of the investment management company’s stock valued at $699,000 after acquiring an additional 3,757 shares during the last quarter. Silver Capital Management LLC boosted its holdings in shares of Ares Capital by 7.9% during the 3rd quarter. Silver Capital Management LLC now owns 51,320 shares of the investment management company’s stock valued at $841,000 after acquiring an additional 3,770 shares during the last quarter. Finally, Summit X LLC boosted its holdings in shares of Ares Capital by 20.0% during the 4th quarter. Summit X LLC now owns 23,120 shares of the investment management company’s stock valued at $364,000 after acquiring an additional 3,850 shares during the last quarter. 43.47% of the stock is currently owned by hedge funds and other institutional investors.

Ares Capital Co. (NASDAQ ARCC) opened at $15.46 on Friday. Ares Capital Co. has a one year low of $15.03 and a one year high of $17.87. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.66. The firm has a market cap of $6,633.22, a P/E ratio of 12.17, a PEG ratio of 3.32 and a beta of 0.62.

A number of analysts have recently issued reports on ARCC shares. TheStreet raised shares of Ares Capital from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Compass Point started coverage on shares of Ares Capital in a report on Wednesday, December 6th. They set a “buy” rating and a $17.50 price target on the stock. National Securities reaffirmed a “buy” rating and set a $19.00 price target on shares of Ares Capital in a report on Friday, November 3rd. Jefferies Group reaffirmed a “buy” rating and set a $19.50 price target on shares of Ares Capital in a report on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Ares Capital from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $18.00.

ILLEGAL ACTIVITY NOTICE: “Ares Capital Co. (ARCC) Position Reduced by Shelton Capital Management” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://sportsperspectives.com/2018/02/10/ares-capital-co-arcc-position-reduced-by-shelton-capital-management.html.

Ares Capital Company Profile

Ares Capital Corporation is a specialty finance company. The Company operates as 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. It invests primarily in the United States middle-market companies.

Want to see what other hedge funds are holding ARCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ares Capital Co. (NASDAQ:ARCC).

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

Receive News & Ratings for Ares Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply