Investors are feeling more bearish on shares of the company lately if you look at the increase in short interest. The stock recorded a rise in short interest from September 29, 2017 to October 13, 2017 of 12.57%. Short interest grew 253,123 over that timeframe.
Here are a few substantial investment firms who have updated their positions. As of quarter end Cubic Asset Management, LLC had disposed of 19,950 shares trimming its position 9.3%. The value of the investment in Ares Capital Corporation – Clos decreased from $3,509,000 to $3,185,000 a change of $324,000 quarter over quarter. Sumitomo Mitsui Asset Management Company, Ltd added to its holdings by buying 49,299 shares an increase of 8.1% in the quarter. Sumitomo Mitsui Asset Management Company, Ltd claims 655,426 shares valued at $10,742,000. The total value of its holdings increased 8.2%.
State Of New Jersey Common Pension Fund D expanded its ownership by buying 400,000 shares an increase of 12.5% from 06/30/2017 to 09/30/2017. State Of New Jersey Common Pension Fund D controls 3,600,000 shares worth $59,004,000. The value of the position overall is up by 12.6%. Hudock Capital Group, LLC augmented its stake by buying 200 shares an increase of 3.1% as of 09/30/2017. Hudock Capital Group, LLC currently owns 6,700 shares with a value of $109,000. The value of the position overall is up by 2.8%.
The company is now down since yesterday’s close of $16.08. The company declared a dividend for shareholders paid on Friday the 29th of September 2017. The dividend payment was $0.380 per share for the quarter which comes to $1.52 on an annualized basis. This dividend represents a yield of $9.26. The ex-dividend date was set for Thursday the 14th of September 2017.
The stock last traded at $16.08 a tad under the 50 day moving average which is $16.25 and just below the 200 day moving average of $16.44. The 50 day moving average was down by -1.06% whereas the 200 day moving average was down $-0.36 or -2.21%.
Ares Capital Corporation, launched on April 16, 2004, is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Business’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. The Company may from time to time invest in larger or smaller (in particular, for investments in early-stage and/or venture capital-backed) companies. It invests primarily in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and mezzanine debt, generally in a first lien position), second lien senior secured loans, and mezzanine debt, which in some cases includes an equity component. First and second lien senior secured loans generally are senior debt instruments that rank ahead of subordinated debt of a given portfolio company. Mezzanine debt is subordinated to senior loans and is generally unsecured. The Company also makes preferred and/or common equity investments..