As Bunge (BG) Market Value Declined, Bruce & Co Cut Holding by $2.42 Million; Ares Cap (ARCC) Holder Greenwich Investment Management Has Decreased Its Stake by $4.48 Million as Share Price Declined

February 18, 2018 - By Vivian Currie

Bruce & Co Inc decreased its stake in Bunge (BG) by 70% based on its latest 2017Q3 regulatory filing with the SEC. Bruce & Co Inc sold 35,000 shares as the company’s stock declined 10.41% while stock markets rallied. The institutional investor held 15,000 shares of the packaged foods company at the end of 2017Q3, valued at $1.04M, down from 50,000 at the end of the previous reported quarter. Bruce & Co Inc who had been investing in Bunge for a number of months, seems to be less bullish one the $11.12 billion market cap company. The stock increased 2.47% or $1.91 during the last trading session, reaching $79.1. About 2.41M shares traded or 36.56% up from the average. Bunge Limited (NYSE:BG) has risen 14.04% since February 18, 2017 and is uptrending. It has underperformed by 2.66% the S&P500.

Greenwich Investment Management Inc decreased its stake in Ares Cap Corp (ARCC) by 55.89% based on its latest 2017Q3 regulatory filing with the SEC. Greenwich Investment Management Inc sold 279,754 shares as the company’s stock declined 6.68% while stock markets rallied. The institutional investor held 220,813 shares of the company at the end of 2017Q3, valued at $3.62 million, down from 500,567 at the end of the previous reported quarter. Greenwich Investment Management Inc who had been investing in Ares Cap Corp for a number of months, seems to be less bullish one the $6.81 billion market cap company. The stock increased 0.50% or $0.08 during the last trading session, reaching $15.98. About 1.39 million shares traded. Ares Capital Corporation (NASDAQ:ARCC) has risen 9.72% since February 18, 2017 and is uptrending. It has underperformed by 6.98% the S&P500.

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.26, from 0.8 in 2017Q2. It increased, as 43 investors sold BG shares while 113 reduced holdings. 40 funds opened positions while 125 raised stakes. 109.29 million shares or 1.39% less from 110.83 million shares in 2017Q2 were reported. Morgan Stanley owns 0.01% invested in Bunge Limited (NYSE:BG) for 678,967 shares. Principal Fincl Gp Incorporated holds 0% of its portfolio in Bunge Limited (NYSE:BG) for 20,827 shares. Sei owns 204,792 shares for 0.05% of their portfolio. Frontier Mgmt Ltd Limited Liability Company invested in 432 shares. Andra Ap has invested 0.08% in Bunge Limited (NYSE:BG). 86,840 were reported by Pggm Investments. Mirae Asset Global Investments Ltd invested in 4,526 shares. Oppenheimer Asset Management reported 156 shares. Parkside Fin National Bank & Trust And Trust holds 104 shares. Integral Derivatives Ltd Liability Corporation owns 0.01% invested in Bunge Limited (NYSE:BG) for 10,321 shares. First Trust Advsr Lp has invested 0.09% of its portfolio in Bunge Limited (NYSE:BG). 621 are owned by First Interstate Bankshares. Barrow Hanley Mewhinney Strauss Limited Liability Company, a Texas-based fund reported 1,248 shares. Envestnet Asset Mngmt invested in 3,099 shares. 641,987 are owned by Hotchkis Wiley Capital Mgmt Limited Liability Corp.

Among 10 analysts covering Bunge Limited (NYSE:BG), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Bunge Limited had 32 analyst reports since July 31, 2015 according to SRatingsIntel. Citigroup maintained the shares of BG in report on Wednesday, July 12 with “Buy” rating. Credit Suisse upgraded the shares of BG in report on Tuesday, September 29 to “Outperform” rating. The firm has “Buy” rating by Piper Jaffray given on Thursday, August 3. As per Thursday, April 6, the company rating was downgraded by JP Morgan. As per Friday, February 12, the company rating was upgraded by JP Morgan. As per Wednesday, February 14, the company rating was maintained by Piper Jaffray. The rating was upgraded by JP Morgan on Friday, May 5 to “Neutral”. Credit Suisse upgraded the stock to “Buy” rating in Wednesday, February 14 report. The firm has “Hold” rating by Robert W. Baird given on Friday, October 13. The company was initiated on Monday, September 11 by Robert W. Baird.

Analysts await Bunge Limited (NYSE:BG) to report earnings on February, 21. They expect $1.63 earnings per share, down 4.12% or $0.07 from last year’s $1.7 per share. BG’s profit will be $229.19M for 12.13 P/E if the $1.63 EPS becomes a reality. After $0.75 actual earnings per share reported by Bunge Limited for the previous quarter, Wall Street now forecasts 117.33% EPS growth.

Since January 23, 2018, it had 1 buy, and 0 insider sales for $3,242 activity.

Analysts await Ares Capital Corporation (NASDAQ:ARCC) to report earnings on February, 28. They expect $0.37 EPS, down 11.90% or $0.05 from last year’s $0.42 per share. ARCC’s profit will be $157.72 million for 10.80 P/E if the $0.37 EPS becomes a reality. After $0.36 actual EPS reported by Ares Capital Corporation for the previous quarter, Wall Street now forecasts 2.78% EPS growth.

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. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Sunday, July 23 report. The rating was maintained by RBC Capital Markets with “Hold” on Friday, November 3. On Wednesday, August 23 the stock rating was maintained by BMO Capital Markets with “Hold”. Jefferies maintained Ares Capital Corporation (NASDAQ:ARCC) on Tuesday, August 15 with “Buy” rating. The firm has “Hold” rating by BMO Capital Markets given on Friday, October 6. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, October 5. Barclays Capital maintained it with “Overweight” rating and $16 target in Thursday, February 25 report. The firm has “Outperform” rating given on Thursday, October 1 by Macquarie Research. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Buy” rating given on Friday, September 22 by Jefferies. JMP Securities maintained it with “Market Outperform” rating and $17 target in Tuesday, August 9 report.

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By1 Vivian Currie

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