Rivernorth Capital Management Trimmed Its Ares Cap (ARCC) Position by $14.35 Million; Share Value Rose; Parkwood Stake in Twenty (FOXA) Has Increased as Stock Value Rose

June 14, 2018 - By Hazel Jackson

Twenty-First Century Fox, Inc. (NASDAQ:FOXA) Logo

Parkwood Llc increased its stake in Twenty (FOXA) by 32.05% based on its latest 2018Q1 regulatory filing with the SEC. Parkwood Llc bought 120,336 shares as the company’s stock rose 0.54% while stock markets declined. The institutional investor held 495,743 shares of the consumer services company at the end of 2018Q1, valued at $18.19M, up from 375,407 at the end of the previous reported quarter. Parkwood Llc who had been investing in Twenty for a number of months, seems to be bullish on the $82.46 billion market cap company. The stock increased 2.11% or $0.92 during the last trading session, reaching $44.58. About 24.74 million shares traded or 139.74% up from the average. Twenty-First Century Fox, Inc. (NASDAQ:FOXA) has risen 42.77% since June 14, 2017 and is uptrending. It has outperformed by 30.20% the S&P500. Some Historical FOXA News: 23/05/2018 – Comcast Considering Cash Offer to Buy Twenty-First Century Fox; 08/05/2018 – WALT DISNEY CEO BOB IGER SAYS REMAIN CONFIDENT FOX ASSET DEAL WILL GO FORWARD – CNBC; 15/03/2018 – Sky Entered Confidentiality With Twenty-First Century Fox, Inc; 27/03/2018 – FS Bancorp, Inc. Announces Twenty-First Consecutive Quarterly Dividend and Dividend Increase; 21/03/2018 – WBRC FOX6 News: #BREAKING:Fox News is reporting that the suspect in a serial bombing is dead following an officer-involved; 03/04/2018 – 21st Century Fox To Create New Private Limited Company; 23/05/2018 – MEDIA-Activist Hohn urges Fox to engage on Comcast offer – FT; 21/05/2018 – Britain unlikely to investigate Comcast bid for Sky, says minister; 09/05/2018 – TWENTY-FIRST CENTURY FOX INC – ANTICIPATES REGULATORY APPROVAL OF SKY TRANSACTION BY EARLY SUMMER 2018; 09/05/2018 – 21st Century Fox 3Q Cable Network Filmed Entertainment Revenue $2.24B

Rivernorth Capital Management Llc decreased its stake in Ares Cap Corp (ARCC) by 66.8% based on its latest 2018Q1 regulatory filing with the SEC. Rivernorth Capital Management Llc sold 956,851 shares as the company’s stock rose 4.82% while stock markets declined. The institutional investor held 475,494 shares of the company at the end of 2018Q1, valued at $7.55M, down from 1.43M at the end of the previous reported quarter. Rivernorth Capital Management Llc who had been investing in Ares Cap Corp for a number of months, seems to be less bullish one the $7.14B market cap company. The stock increased 1.39% or $0.23 during the last trading session, reaching $16.74. About 2.32 million shares traded or 13.75% up from the average. Ares Capital Corporation (NASDAQ:ARCC) has declined 0.18% since June 14, 2017 and is downtrending. It has underperformed by 12.75% the S&P500. Some Historical ARCC News: 28/05/2018 – ARES ASIA LTD 0645.HK – EXPECTED NET LOSS MAINLY DUE TO DECREASE IN REVENUE DURING YEAR BY ABOUT 20% TO 25%; 08/05/2018 – S&PGR Assigns Ares XXXIR CLO Ltd. Notes Prelim Ratings; 02/05/2018 – ARES CAPITAL 1Q TOTAL ASSETS $12.69B; 17/04/2018 – BDCs move to boost leverage; 21/03/2018 – Apollo to Ares Among Surprise Winners in Congress’ Spending Bill; 02/05/2018 – Ares Capital 2Q Adj EPS 39c; 13/03/2018 – S&PGR Assigns Ares XXXVIII CLO Ltd. Ratings; 24/04/2018 – Exclusive – Ares EIF tweaks management team; 14/05/2018 – Principal Financial Group Inc. Exits Position in Ares Capital; 02/04/2018 – ARES CAPITAL INTENDS TO RECOMMEND PROCEEDING WITH FINANCING

Among 18 analysts covering Ares Capital (NASDAQ:ARCC), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Ares Capital had 28 analyst reports since August 21, 2015 according to SRatingsIntel. Jefferies maintained Ares Capital Corporation (NASDAQ:ARCC) on Thursday, November 2 with “Buy” rating. On Thursday, August 18 the stock rating was maintained by UBS with “Buy”. JMP Securities maintained it with “Market Outperform” rating and $17 target in Tuesday, August 9 report. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Hold” rating by BMO Capital Markets on Tuesday, November 14. RBC Capital Markets maintained the shares of ARCC in report on Friday, November 3 with “Hold” rating. The company was maintained on Wednesday, April 11 by JP Morgan. As per Wednesday, September 20, the company rating was initiated by Oppenheimer. Raymond James upgraded Ares Capital Corporation (NASDAQ:ARCC) on Friday, August 28 to “Outperform” rating. As per Friday, August 21, the company rating was maintained by Citigroup. The firm has “Outperform” rating given on Thursday, October 1 by Macquarie Research.

Analysts await Ares Capital Corporation (NASDAQ:ARCC) to report earnings on August, 1. They expect $0.39 EPS, up 14.71% or $0.05 from last year’s $0.34 per share. ARCC’s profit will be $166.25 million for 10.73 P/E if the $0.39 EPS becomes a reality. After $0.39 actual EPS reported by Ares Capital Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More news for Ares Capital Corporation (NASDAQ:ARCC) were recently published by: Seekingalpha.com, which released: “TCG BDC Inc.: 9% Dividend Yield With Upside For Rising Interest Rates” on June 01, 2018. Seekingalpha.com‘s article titled: “This 11.2% Yielding BDC Is Ready For Shareholder Activism” and published on May 30, 2018 is yet another important article.

Investors sentiment increased to 1.14 in Q1 2018. Its up 0.22, from 0.92 in 2017Q4. It increased, as 32 investors sold ARCC shares while 107 reduced holdings. 48 funds opened positions while 110 raised stakes. 161.27 million shares or 3.08% more from 156.46 million shares in 2017Q4 were reported. Perigon Wealth Management Lc invested in 1,150 shares or 0.01% of the stock. Ameriprise Fincl stated it has 5.77 million shares or 0.04% of all its holdings. Ohio-based Camelot Portfolios Limited Liability Com has invested 2.11% in Ares Capital Corporation (NASDAQ:ARCC). Cambridge Investment Advisors owns 0.02% invested in Ares Capital Corporation (NASDAQ:ARCC) for 133,862 shares. Dreman Value L L C reported 0.11% stake. Wealthtrust owns 1,401 shares for 0.01% of their portfolio. Putnam Fl Inv Mngmt Communications accumulated 10,260 shares or 0.01% of the stock. Ares Lc reported 1.17% in Ares Capital Corporation (NASDAQ:ARCC). Brown Advisory accumulated 704,915 shares or 0.05% of the stock. S&T Bankshares Pa stated it has 198,280 shares or 0.56% of all its holdings. Ardsley Advisory Partners owns 450,000 shares. Natl Asset invested in 0.03% or 15,210 shares. Whittier Of Nevada Inc owns 0.01% invested in Ares Capital Corporation (NASDAQ:ARCC) for 6,450 shares. Frontier Inv Mngmt invested in 759,747 shares or 0% of the stock. Balyasny Asset Mgmt Limited Com has 0.02% invested in Ares Capital Corporation (NASDAQ:ARCC) for 232,893 shares.

Rivernorth Capital Management Llc, which manages about $2.15B and $1.35B US Long portfolio, upped its stake in Pioneer Mun High Income Tr (NYSE:MHI) by 60,497 shares to 165,870 shares, valued at $1.87M in 2018Q1, according to the filing. It also increased its holding in Western Asset High Incm Opp (HIO) by 150,699 shares in the quarter, for a total of 9.02 million shares, and has risen its stake in Tortoise Energy Infra Corp (NYSE:TYG).

Since January 23, 2018, it had 7 insider buys, and 0 selling transactions for $453,564 activity. $3,318 worth of Ares Capital Corporation (NASDAQ:ARCC) was bought by BARTLETT STEVE. $390,000 worth of Ares Capital Corporation (NASDAQ:ARCC) was bought by Arougheti Michael J.

Among 34 analysts covering Twenty-First Century Fox Inc (NASDAQ:FOXA), 22 have Buy rating, 1 Sell and 11 Hold. Therefore 65% are positive. Twenty-First Century Fox Inc had 101 analyst reports since August 6, 2015 according to SRatingsIntel. Pacific Crest initiated it with “Overweight” rating and $32 target in Thursday, October 8 report. The firm earned “Neutral” rating on Monday, December 12 by Moffett Nathanson. As per Sunday, February 11, the company rating was maintained by BMO Capital Markets. The company was maintained on Sunday, November 19 by KeyBanc Capital Markets. Pivotal Research initiated the stock with “Buy” rating in Tuesday, October 20 report. The firm earned “Buy” rating on Thursday, November 9 by RBC Capital Markets. The firm earned “Neutral” rating on Thursday, March 17 by BTIG Research. The firm has “Buy” rating by Pivotal Research given on Monday, June 12. RBC Capital Markets maintained Twenty-First Century Fox, Inc. (NASDAQ:FOXA) rating on Monday, June 12. RBC Capital Markets has “Buy” rating and $3300 target. The company was maintained on Sunday, September 24 by Piper Jaffray.

Twenty-First Century Fox, Inc. (NASDAQ:FOXA) Institutional Positions Chart

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By1 Hazel Jackson

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