Rivernorth Capital Management Has Decreased Ares Cap (ARCC) Stake; Texas Pacific Land Trust Has 1.19 Sentiment

March 21, 2018 - By Vivian Park

Texas Pacific Land Trust holds title to tracts of land in the state of Texas, the United States. The company has market cap of $4.05 billion. It manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust. It has a 53.29 P/E ratio. The firm is also involved in the sale of land, gas and oil royalties, and grazing leases of the land.

Rivernorth Capital Management Llc decreased Ares Cap Corp (ARCC) stake by 12.79% reported in 2017Q3 SEC filing. Rivernorth Capital Management Llc sold 245,744 shares as Ares Cap Corp (ARCC)’s stock declined 6.68%. The Rivernorth Capital Management Llc holds 1.68 million shares with $27.49M value, down from 1.92 million last quarter. Ares Cap Corp now has $6.51 billion valuation. The stock increased 0.13% or $0.02 during the last trading session, reaching $15.27. About 2.12M shares traded or 0.76% up from the average. Ares Capital Corporation (NASDAQ:ARCC) has risen 9.72% since March 21, 2017 and is uptrending. It has underperformed by 6.98% the S&P500.

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. DA Davidson initiated the shares of ARCC in report on Wednesday, September 30 with “Buy” rating. RBC Capital Markets maintained Ares Capital Corporation (NASDAQ:ARCC) on Friday, November 3 with “Hold” rating. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, August 23. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Market Outperform” rating by JMP Securities on Tuesday, August 9. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Buy” rating given on Friday, September 22 by Jefferies. Keefe Bruyette & Woods maintained Ares Capital Corporation (NASDAQ:ARCC) on Wednesday, June 14 with “Buy” rating. The company was upgraded on Thursday, October 1 by Macquarie Research. National Securities initiated the shares of ARCC in report on Tuesday, June 28 with “Neutral” rating. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, August 3 report. BMO Capital Markets maintained it with “Hold” rating and $15.0 target in Friday, October 6 report.

Rivernorth Capital Management Llc increased Madison Strtg Sector Prem Fd (MSP) stake by 78,389 shares to 138,335 valued at $1.65M in 2017Q3. It also upped Clough Global Divnd And Inc (GLV) stake by 56,862 shares and now owns 137,135 shares. Invesco High Income Tr Ii (VLT) was raised too.

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.04, from 0.96 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. Fifth Third Bank & Trust reported 3,000 shares. Moreover, Keybank National Association Oh has 0% invested in Ares Capital Corporation (NASDAQ:ARCC) for 161,000 shares. 1,400 are held by Endurance Wealth Management. Boston Prtn owns 468,278 shares for 0.01% of their portfolio. Weybosset Research Mngmt Lc invested 0.3% in Ares Capital Corporation (NASDAQ:ARCC). Columbia Wanger Asset Management Ltd Limited Liability Company reported 2.25 million shares. Fdx Inc stated it has 0% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Advisory Ser Llc holds 0.04% or 20,361 shares. Athena Cap Advsr Lc invested 0.11% in Ares Capital Corporation (NASDAQ:ARCC). Registered Invest Advisor Incorporated stated it has 0.23% in Ares Capital Corporation (NASDAQ:ARCC). Hsbc Holdg Plc holds 82,315 shares. Round Table Ltd Com holds 0.06% in Ares Capital Corporation (NASDAQ:ARCC) or 10,224 shares. Cwm Limited Liability owns 146 shares. Alpine Woods Limited Company invested in 0.71% or 852,900 shares. Fort Washington Advisors Oh stated it has 0.05% in Ares Capital Corporation (NASDAQ:ARCC).

Analysts await Ares Capital Corporation (NASDAQ:ARCC) to report earnings on May, 2. They expect $0.37 EPS, up 15.63% or $0.05 from last year’s $0.32 per share. ARCC’s profit will be $157.74 million for 10.32 P/E if the $0.37 EPS becomes a reality. After $0.38 actual EPS reported by Ares Capital Corporation for the previous quarter, Wall Street now forecasts -2.63% negative EPS growth.

Since January 23, 2018, it had 4 insider buys, and 0 sales for $443,850 activity. On Thursday, March 15 Arougheti Michael J bought $390,000 worth of Ares Capital Corporation (NASDAQ:ARCC) or 25,000 shares. Shares for $47,430 were bought by ROLL PENELOPE F on Thursday, February 15. 200 shares were bought by BARTLETT STEVE, worth $3,242.

The stock decreased 0.15% or $0.79 during the last trading session, reaching $518.09. About 11,707 shares traded. Texas Pacific Land Trust (TPL) has risen 81.36% since March 21, 2017 and is uptrending. It has outperformed by 64.66% the S&P500.

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