Sea Limited (SE) Reaches $12.32 After 8.00% Up Move; Rivernorth Capital Management Has Decreased Ares Cap (ARCC) Stake

February 15, 2018 - By Vivian Currie

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 $6.80B valuation. The stock decreased 0.81% or $0.13 during the last trading session, reaching $15.95. About 546,322 shares traded. Ares Capital Corporation (NASDAQ:ARCC) has risen 9.72% since February 15, 2017 and is uptrending. It has underperformed by 6.98% the S&P500.

The stock of Sea Limited (NYSE:SE) is a huge mover today! The stock increased 5.03% or $0.59 during the last trading session, reaching $12.32. About 428,489 shares traded. Sea Limited (NYSE:SE) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.The move comes after 8 months positive chart setup for the $4.03B company. It was reported on Feb, 15 by Barchart.com. We have $13.31 PT which if reached, will make NYSE:SE worth $322.32 million more.

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. The company was maintained on Tuesday, August 15 by Jefferies. 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) earned “Overweight” rating by Barclays Capital on Thursday, February 25. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Hold” rating given on Wednesday, August 23 by BMO Capital Markets. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Outperform” rating given on Friday, August 28 by Raymond James. As per Wednesday, June 14, the company rating was maintained by Keefe Bruyette & Woods. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Hold” rating given on Friday, November 3 by RBC Capital Markets. The firm earned “Buy” rating on Friday, August 21 by Citigroup. The company was upgraded on Thursday, October 1 by Macquarie Research. The firm has “Neutral” rating given on Tuesday, June 28 by National Securities.

Analysts await Ares Capital Corporation (NASDAQ:ARCC) to report earnings on February, 28. They expect $0.37 earnings per share, down 11.90% or $0.05 from last year’s $0.42 per share. ARCC’s profit will be $157.72 million for 10.78 P/E if the $0.37 EPS becomes a reality. After $0.36 actual earnings per share reported by Ares Capital Corporation for the previous quarter, Wall Street now forecasts 2.78% EPS growth.

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.17, from 1.13 in 2017Q2. It dived, 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. Whittier Of Nevada invested in 7,002 shares. Whittier invested in 0.02% or 26,009 shares. Us Bancshares De holds 0% or 43,670 shares in its portfolio. Rbf Capital Ltd Llc has invested 0.19% in Ares Capital Corporation (NASDAQ:ARCC). Paw Capital Corp holds 1.39% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 81,000 shares. Sigma Planning stated it has 0.21% in Ares Capital Corporation (NASDAQ:ARCC). Comerica Secs accumulated 183,369 shares. Fifth Third Bancorporation owns 3,000 shares or 0% of their US portfolio. Confluence Invest Mngmt Limited Liability invested 1.58% in Ares Capital Corporation (NASDAQ:ARCC). Moody Fincl Bank Tru Division, Texas-based fund reported 23,175 shares. Maltese Management Ltd Llc holds 0.77% or 550,000 shares. Group One Trading LP invested in 43,327 shares. Cordasco Fincl Ntwk invested in 0.02% or 1,000 shares. Sfmg Limited Liability reported 0.38% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Stevens Ltd Partnership accumulated 50,908 shares or 0.03% of the stock.

Since January 23, 2018, it had 1 buy, and 0 insider sales for $3,242 activity. BARTLETT STEVE bought $3,242 worth of stock or 200 shares.

Rivernorth Capital Management Llc increased Western Asset Clym Infl Sec (WIA) stake by 189,827 shares to 701,628 valued at $8.07 million in 2017Q3. It also upped Western Asset High Incm Opp (HIO) stake by 231,862 shares and now owns 8.13 million shares. Templeton Emerg Mkts Income (TEI) was raised too.

Analysts await Sea Limited (NYSE:SE) to report earnings on February, 20. After $-0.75 actual earnings per share reported by Sea Limited for the previous quarter, Wall Street now forecasts -9.33% EPS growth.

Sea Limited, an Internet platform company, engages in the digital entertainment, e-commerce, and digital financial service businesses in Greater Southeast Asia. The company has market cap of $4.03 billion. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features. It currently has negative earnings. The firm also operates Shopee e-commerce platform, a third-party marketplace that connects buyers and sellers through the Shopee mobile app and Websites.

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