SMH Capital Advisors Inc. Purchases Shares of 36,735 Ares Capital Co. (ARCC)
SMH Capital Advisors Inc. purchased a new position in shares of Ares Capital Co. (NASDAQ:ARCC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,735 shares of the investment management company’s stock, valued at approximately $577,000. Ares Capital makes up approximately 1.0% of SMH Capital Advisors Inc.’s holdings, making the stock its 20th biggest holding.
A number of other institutional investors also recently made changes to their positions in the stock. Bessemer Group Inc. grew its stake in Ares Capital by 14,542.3% in the 4th quarter. Bessemer Group Inc. now owns 7,614 shares of the investment management company’s stock valued at $120,000 after purchasing an additional 7,562 shares during the period. Legacy Advisors LLC bought a new position in Ares Capital in the 3rd quarter valued at $128,000. Van Cleef Asset Management Inc bought a new position in Ares Capital in the 4th quarter valued at $157,000. Harvest Capital Management Inc bought a new position in Ares Capital in the 4th quarter valued at $162,000. Finally, Joel Isaacson & Co. LLC bought a new position in Ares Capital in the 3rd quarter valued at $164,000. Institutional investors and hedge funds own 43.62% of the company’s stock.
Ares Capital Co. (NASDAQ ARCC) opened at $15.46 on Monday. Ares Capital Co. has a 1 year low of $15.03 and a 1 year high of $17.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $6,590.58, a price-to-earnings ratio of 12.17, a PEG ratio of 3.29 and a beta of 0.62.
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).
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.