Credit Suisse Ag Decreased Ares Cap Corp (NASDAQ:ARCC) Stake By $23.71 Million

March 15, 2018 - By Vivian Park

Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.17, from 1.13 in 2017Q2. It dropped, 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. Rhumbline Advisers holds 0% or 28,771 shares. First Manhattan owns 968 shares. National Bank & Trust Of Mellon accumulated 1.56 million shares or 0% of the stock. Meritage Port Mngmt owns 226,523 shares or 0.36% of their US portfolio. Advisors Asset Management has 0.18% invested in Ares Capital Corporation (NASDAQ:ARCC). Hsbc Holding Public Limited Co accumulated 82,315 shares or 0% of the stock. 23,265 were accumulated by Pitcairn Co. Nomura Asset Mgmt Comm Limited, a Japan-based fund reported 636,993 shares. Alps Advsrs Incorporated invested in 0.06% or 559,138 shares. Segall Bryant & Hamill Ltd Company reported 0.24% stake. Delphi Management Ma reported 149,863 shares or 1.37% of all its holdings. Whittier Tru has invested 0.02% in Ares Capital Corporation (NASDAQ:ARCC). Cambridge Invest Advisors invested 0.03% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Paradigm Asset Mgmt Ltd Llc holds 0.11% or 25,849 shares in its portfolio. Baltimore holds 2.01% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 539,333 shares.

Since January 23, 2018, it had 3 insider purchases, and 0 selling transactions for $53,850 activity. ROLL PENELOPE F had bought 3,000 shares worth $47,430 on Thursday, February 15.

Credit Suisse Ag decreased its stake in Ares Cap Corp (NASDAQ:ARCC) by 75.6% based on its latest 2017Q4 regulatory filing with the SEC. Credit Suisse Ag sold 1.58 million shares as the company’s stock declined 6.68% while stock markets rallied. The institutional investor held 510,000 shares of the company at the end of 2017Q4, valued at $8.02M, down from 2.09 million at the end of the previous reported quarter. Credit Suisse Ag who had been investing in Ares Cap Corp for a number of months, seems to be less bullish one the $6.64 billion market cap company. The stock decreased 0.32% or $0.05 during the last trading session, reaching $15.58. About 3.27 million shares traded or 51.56% up from the average. Ares Capital Corporation (NASDAQ:ARCC) has risen 9.72% since March 15, 2017 and is uptrending. It has underperformed by 6.98% the S&P500.

Credit Suisse Ag, which manages about $41.97B and $112.01B US Long portfolio, upped its stake in Alphabet Inc () by 575,814 shares to 643,414 shares, valued at $673.27M in 2017Q4, according to the filing. It also increased its holding in Citigroup Inc (NYSE:C) by 10.94M shares in the quarter, for a total of 11.26 million shares, and has risen its stake in Allergan Plc ().

Credit Suisse Ag is a Switzerland-based institutional investor with more than $41.97 billion AUM in December, 2014. Credit Suisse Ag is the 32th largest institutional investor in our database. Taken from Credit Suisse latest Adv, the fund reported to have 300 full and part-time employees. Among which 160 performing investment advisory and research functions. The institutional investor had more than 500 clients.

Ares Capital Corporation (NASDAQ:ARCC) Ratings Coverage

Among 17 analysts covering Ares Capital (NASDAQ:ARCC), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Ares Capital has $19.5 highest and $15.0 lowest target. $17.46’s average target is 12.07% above currents $15.58 stock price. Ares Capital had 26 analyst reports since August 21, 2015 according to SRatingsIntel. As per Wednesday, June 14, the company rating was maintained by Keefe Bruyette & Woods. The company was maintained on Thursday, November 2 by Jefferies. The firm has “Buy” rating given on Sunday, July 23 by Keefe Bruyette & Woods. On Tuesday, August 15 the stock rating was maintained by Jefferies with “Buy”. Raymond James upgraded the shares of ARCC in report on Friday, August 28 to “Outperform” rating. The company was maintained on Tuesday, November 14 by BMO Capital Markets. National Securities initiated the stock with “Neutral” rating in Tuesday, June 28 report. The rating was maintained by RBC Capital Markets on Friday, November 3 with “Hold”. On Friday, August 21 the stock rating was maintained by Citigroup with “Buy”. The firm has “Buy” rating by Jefferies given on Friday, September 22.

More news for Ares Capital Corporation (NASDAQ:ARCC) were recently published by:, which released: “Ares Capital Corporation and Varagon Capital Partners Expand Senior Direct …” on February 13, 2018.‘s article titled: “Ares Capital Corporation to Present at Upcoming Conferences” and published on February 27, 2018 is yet another important article.

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