Camelot Portfolios LLC Decreases Holdings in Ares Capital Co. (ARCC)
Camelot Portfolios LLC lessened its holdings in Ares Capital Co. (NASDAQ:ARCC) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 218,394 shares of the investment management company’s stock after selling 3,832 shares during the period. Ares Capital accounts for approximately 1.6% of Camelot Portfolios LLC’s investment portfolio, making the stock its 12th biggest holding. Camelot Portfolios LLC’s holdings in Ares Capital were worth $3,433,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in Ares Capital by 14,542.3% in the fourth quarter. Bessemer Group Inc. now owns 7,614 shares of the investment management company’s stock worth $120,000 after purchasing an additional 7,562 shares during the period. Legacy Advisors LLC acquired a new position in shares of Ares Capital during the third quarter valued at $128,000. Van Cleef Asset Management Inc acquired a new position in shares of Ares Capital during the fourth quarter valued at $157,000. Harvest Capital Management Inc acquired a new position in shares of Ares Capital during the fourth quarter valued at $162,000. Finally, Joel Isaacson & Co. LLC acquired a new position in shares of Ares Capital during the third quarter valued at $164,000. 43.47% of the stock is owned by hedge funds and other institutional investors.
Shares of Ares Capital Co. (NASDAQ ARCC) opened at $15.56 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 current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.66. The firm has a market cap of $6,718.48, a PE ratio of 10.94, a P/E/G ratio of 3.36 and a beta of 0.62.
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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.
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