As Ares Capital Corp. (ARCC) Stock Declined, Golden Gate Private Equity Has Lifted by $441,600 Its Stake; Capital International Holds Position in Bank Of New York Mellon (BK)

February 17, 2018 - By Ellis Scott

Golden Gate Private Equity Inc increased its stake in Ares Capital Corp. (ARCC) by 8.07% based on its latest 2017Q3 regulatory filing with the SEC. Golden Gate Private Equity Inc bought 27,600 shares as the company’s stock declined 6.68% while stock markets rallied. The institutional investor held 369,600 shares of the company at the end of 2017Q3, valued at $6.06 million, up from 342,000 at the end of the previous reported quarter. Golden Gate Private Equity Inc who had been investing in Ares Capital Corp. for a number of months, seems to be bullish on the $6.81 billion market cap company. The stock increased 0.50% or $0.08 during the last trading session, reaching $15.98. About 1.39 million shares traded. Ares Capital Corporation (NASDAQ:ARCC) has risen 9.72% since February 17, 2017 and is uptrending. It has underperformed by 6.98% the S&P500.

Capital International Inc increased its stake in Bank Of New York Mellon Corp (BK) by 128.47% based on its latest 2017Q3 regulatory filing with the SEC. Capital International Inc bought 28,391 shares as the company’s stock declined 1.27% while stock markets rallied. The institutional investor held 50,491 shares of the major banks company at the end of 2017Q3, valued at $2.68 million, up from 22,100 at the end of the previous reported quarter. Capital International Inc who had been investing in Bank Of New York Mellon Corp for a number of months, seems to be bullish on the $57.01 billion market cap company. The stock increased 0.16% or $0.09 during the last trading session, reaching $56.25. About 3.38 million shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since February 17, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.17, from 1.13 in 2017Q2. It is negative, as 55 investors sold ARCC 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. Thornburg Inv has invested 1.79% in Ares Capital Corporation (NASDAQ:ARCC). Burke And Herbert Comml Bank And Trust has 21,846 shares for 0.32% of their portfolio. Advisors Mngmt Ltd Limited Liability Company owns 1.52M shares for 2.03% of their portfolio. Moreover, Duncker Streett Comm has 0.49% invested in Ares Capital Corporation (NASDAQ:ARCC) for 99,319 shares. Dreman Value Mngmt L L C accumulated 15,670 shares. Capital Guardian Tru owns 500 shares. Cubic Asset Management Lc, a Massachusetts-based fund reported 194,304 shares. Argent Trust reported 0.07% in Ares Capital Corporation (NASDAQ:ARCC). 50,908 are owned by Stevens Capital Management Lp. Kayne Anderson Advisors LP has 0.01% invested in Ares Capital Corporation (NASDAQ:ARCC) for 46,800 shares. State Street holds 92,204 shares. Stratos Wealth Ptnrs Ltd owns 0.16% invested in Ares Capital Corporation (NASDAQ:ARCC) for 208,053 shares. Veritable LP reported 10,000 shares. Manufacturers Life Insurance Com The holds 0% in Ares Capital Corporation (NASDAQ:ARCC) or 70,713 shares. Seabridge Inv Advisors Lc stated it has 217,270 shares.

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. The rating was initiated by National Securities on Tuesday, June 28 with “Neutral”. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Hold” rating by BMO Capital Markets on Wednesday, August 23. The firm has “Buy” rating given on Wednesday, June 14 by Keefe Bruyette & Woods. The company was maintained on Tuesday, August 15 by Jefferies. The rating was upgraded by Macquarie Research to “Outperform” on Thursday, October 1. The firm has “Buy” rating given on Thursday, October 5 by Keefe Bruyette & Woods. The rating was upgraded by Raymond James to “Outperform” on Friday, August 28. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Buy” rating by Oppenheimer on Wednesday, September 20. DA Davidson initiated Ares Capital Corporation (NASDAQ:ARCC) rating on Wednesday, September 30. DA Davidson has “Buy” rating and $17 target. The firm earned “Hold” rating on Friday, November 3 by RBC Capital Markets.

Since January 23, 2018, it had 1 buy, and 0 insider sales for $3,242 activity.

Capital International Inc, which manages about $18.21 billion and $683.96 million US Long portfolio, decreased its stake in Monsanto Co (NYSE:MON) by 5,900 shares to 33,900 shares, valued at $4.06M in 2017Q3, according to the filing. It also reduced its holding in Medtronic Plc (NYSE:MDT) by 27,100 shares in the quarter, leaving it with 21,800 shares, and cut its stake in Cerner Corporation (NASDAQ:CERN).

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 12 have Buy rating, 3 Sell and 10 Hold. Therefore 48% are positive. The Bank Of New York Mellon Corporation had 74 analyst reports since July 22, 2015 according to SRatingsIntel. The company was downgraded on Friday, January 20 by Keefe Bruyette & Woods. JP Morgan downgraded the shares of BK in report on Friday, January 6 to “Neutral” rating. Raymond James upgraded the shares of BK in report on Wednesday, December 28 to “Strong Buy” rating. Deutsche Bank maintained The Bank of New York Mellon Corporation (NYSE:BK) on Thursday, June 16 with “Buy” rating. The company was maintained on Thursday, September 28 by Keefe Bruyette & Woods. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, July 20. The firm has “Buy” rating by Citigroup given on Wednesday, January 10. The firm has “Outperform” rating given on Friday, September 23 by CLSA. On Thursday, March 17 the stock rating was maintained by Deutsche Bank with “Buy”. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Hold” rating by RBC Capital Markets on Wednesday, April 5.

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.12, from 0.89 in 2017Q2. It is positive, as 34 investors sold BK shares while 306 reduced holdings. 90 funds opened positions while 254 raised stakes. 832.75 million shares or 0.16% more from 831.44 million shares in 2017Q2 were reported. Baker Avenue Asset Mgmt Ltd Partnership has 28,384 shares for 0.17% of their portfolio. Moreover, Argent Trust Communication has 0.08% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 5,251 shares. Smith Asset Group Incorporated Ltd Partnership holds 0.85% in The Bank of New York Mellon Corporation (NYSE:BK) or 478,155 shares. Busey Tru Communications invested in 4,720 shares or 0.03% of the stock. Exxonmobil Invest Mgmt Tx holds 188,669 shares or 0.25% of its portfolio. Eagle Capital Mgmt Limited Co accumulated 12,000 shares. Ami Inv Management accumulated 98,643 shares. Rampart Investment Mngmt Co Limited Liability Co reported 12,806 shares. Qci Asset Management Inc invested in 0.01% or 850 shares. Victory Mgmt holds 0.05% or 408,684 shares. Carret Asset Management Limited Liability Company reported 40,441 shares. Kings Point Cap Mgmt, a New York-based fund reported 2,000 shares. Oberweis Asset Mngmt reported 0.07% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Boston Rech And Mgmt reported 58,870 shares stake. Adage Capital Prns Group Inc Lc stated it has 1.25 million shares or 0.16% of all its holdings.

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