Ares Capital Corporation (ARCC) Position Held by Morgan Dempsey Capital Management Llc

July 11, 2018 - By Dolores Ford

Investors sentiment increased to 1.14 in 2018 Q1. Its up 0.22, from 0.92 in 2017Q4. It increased, as 32 investors sold ARCC shares while 107 reduced holdings. 48 funds opened positions while 110 raised stakes. 161.27 million shares or 3.08% more from 156.46 million shares in 2017Q4 were reported. Greenwich Investment Mgmt holds 222,337 shares or 4.19% of its portfolio. Douglass Winthrop Ltd Liability Com, a New York-based fund reported 16,250 shares. 29,315 were reported by Essex Finance Services Inc. Miller Howard Invs Inc Ny holds 0.15% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 389,373 shares. 21,872 are held by Moors & Cabot Inc. Price T Rowe Md accumulated 225,000 shares. Confluence Invest Mgmt Limited Liability Company has invested 1.55% in Ares Capital Corporation (NASDAQ:ARCC). Edgemoor Investment reported 670,410 shares. Clough Capital Prtnrs Lp holds 3.56% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 2.35 million shares. Ares Mngmt Ltd Company holds 1.17% or 2.32 million shares. Prudential holds 19,306 shares or 0% of its portfolio. Philadelphia Financial Of San Francisco Lc reported 846,924 shares. Invesco, Georgia-based fund reported 744,784 shares. Punch & Assoc Inv Mngmt reported 404,750 shares stake. Cwm Ltd Liability Company holds 0% or 282 shares in its portfolio.

Since January 23, 2018, it had 7 buys, and 0 sales for $453,564 activity. $47,430 worth of stock was bought by ROLL PENELOPE F on Thursday, February 15. Arougheti Michael J also bought $390,000 worth of Ares Capital Corporation (NASDAQ:ARCC) on Thursday, March 15.

Morgan Dempsey Capital Management Llc increased its stake in Ares Capital Corporation (ARCC) by 0.35% based on its latest 2018Q1 regulatory filing with the SEC. Morgan Dempsey Capital Management Llc bought 1,287 shares as the company’s stock rose 4.82% while stock markets declined. The hedge fund held 366,272 shares of the company at the end of 2018Q1, valued at $5.81 billion, up from 364,985 at the end of the previous reported quarter. Morgan Dempsey Capital Management Llc who had been investing in Ares Capital Corporation for a number of months, seems to be bullish on the $7.09 billion market cap company. The stock increased 0.12% or $0.02 during the last trading session, reaching $16.62. About 1.61 million shares traded. Ares Capital Corporation (NASDAQ:ARCC) has declined 0.18% since July 11, 2017 and is downtrending. It has underperformed by 12.75% the S&P500.

Morgan Dempsey Capital Management Llc, which manages about $340.50M and $254.49B US Long portfolio, decreased its stake in Alliant Energy Corporation (NYSE:LNT) by 166 shares to 3,671 shares, valued at $150.00M in 2018Q1, according to the filing. It also reduced its holding in Columbus Mckinnon Corporation (NASDAQ:CMCO) by 35,248 shares in the quarter, leaving it with 22,156 shares, and cut its stake in Cintas Corporation (NASDAQ:CTAS).

More news for Ares Capital Corporation (NASDAQ:ARCC) were recently published by: Nasdaq.com, which released: “Detailed Research: Economic Perspectives on Comerica, Vanda Pharmaceuticals, Acadia Healthcare, The Charles …” on June 27, 2018. Seekingalpha.com‘s article titled: “Ares Capital board approves reducing asset coverage requirement” and published on June 25, 2018 is yet another important article.

Ares Capital Corporation (NASDAQ:ARCC) Ratings Coverage

Among 2 analysts covering Ares Capital (NASDAQ:ARCC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ares Capital had 2 analyst reports since April 11, 2018 according to SRatingsIntel. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Overweight” rating given on Wednesday, April 11 by JP Morgan. The firm earned “Market Outperform” rating on Monday, June 4 by JMP Securities.

Ares Capital Corporation (NASDAQ:ARCC) Ratings Chart

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