Ares Management Upped Its Solar Capital LTD (SLRC) Position by $1.23 Million; Valuation Rose; Edgemoor Investment Advisors Continues to Hold Stake in Blackstone Group LP (BX)

May 6, 2018 - By Migdalia James

The Blackstone Group L.P. (NYSE:BX) Logo

Ares Management Llc increased its stake in Solar Capital Ltd (SLRC) by 25.14% based on its latest 2017Q4 regulatory filing with the SEC. Ares Management Llc bought 61,384 shares as the company’s stock rose 0.30% while stock markets declined. The institutional investor held 305,574 shares of the company at the end of 2017Q4, valued at $6.18 million, up from 244,190 at the end of the previous reported quarter. Ares Management Llc who had been investing in Solar Capital Ltd for a number of months, seems to be bullish on the $870.57 million market cap company. The stock increased 0.29% or $0.06 during the last trading session, reaching $20.6. About 40,420 shares traded. Solar Capital Ltd. (NASDAQ:SLRC) has declined 7.76% since May 6, 2017 and is downtrending. It has underperformed by 19.31% the S&P500.

Edgemoor Investment Advisors Inc increased its stake in Blackstone Group LP (BX) by 6.81% based on its latest 2017Q4 regulatory filing with the SEC. Edgemoor Investment Advisors Inc bought 9,935 shares as the company’s stock declined 3.02% with the market. The institutional investor held 155,778 shares of the investment managers company at the end of 2017Q4, valued at $5.46M, up from 145,843 at the end of the previous reported quarter. Edgemoor Investment Advisors Inc who had been investing in Blackstone Group LP for a number of months, seems to be bullish on the $37.79B market cap company. The stock increased 2.41% or $0.75 during the last trading session, reaching $31.81. About 5.14M shares traded. The Blackstone Group L.P. (NYSE:BX) has risen 7.37% since May 6, 2017 and is uptrending. It has underperformed by 4.18% the S&P500.

Investors sentiment decreased to 1.13 in Q4 2017. Its down 0.10, from 1.23 in 2017Q3. It is negative, as 10 investors sold SLRC shares while 29 reduced holdings. 11 funds opened positions while 33 raised stakes. 24.35 million shares or 1.52% less from 24.73 million shares in 2017Q3 were reported. 357,448 were accumulated by Guggenheim Capital Limited Liability Corporation. Botty Limited Liability Corporation holds 0.02% in Solar Capital Ltd. (NASDAQ:SLRC) or 2,965 shares. Sei Invs reported 0.01% of its portfolio in Solar Capital Ltd. (NASDAQ:SLRC). Hbk Investments Lp has invested 0% in Solar Capital Ltd. (NASDAQ:SLRC). Manufacturers Life Insur The reported 0% of its portfolio in Solar Capital Ltd. (NASDAQ:SLRC). Sumitomo Mitsui Asset Mngmt Ltd reported 0.11% stake. California Employees Retirement System has 0% invested in Solar Capital Ltd. (NASDAQ:SLRC) for 11,904 shares. Invesco Ltd has invested 0% in Solar Capital Ltd. (NASDAQ:SLRC). 25,500 are held by Cetera Advisors Limited Liability Company. Jpmorgan Chase holds 0% or 587,143 shares. Wellington Mgmt Gp Ltd Liability Partnership invested in 5.91 million shares. Citadel Advisors Ltd Liability Corporation owns 0% invested in Solar Capital Ltd. (NASDAQ:SLRC) for 174,961 shares. The Illinois-based Advisory has invested 0.13% in Solar Capital Ltd. (NASDAQ:SLRC). Deutsche Fincl Bank Ag owns 0% invested in Solar Capital Ltd. (NASDAQ:SLRC) for 80,120 shares. Clear Harbor Asset Mngmt Limited Liability Com reported 0.85% stake.

Ares Management Llc, which manages about $35.87 billion and $3.14B US Long portfolio, decreased its stake in Fidus Investment Corp (NASDAQ:FDUS) by 34,513 shares to 244,077 shares, valued at $3.71 million in 2017Q4, according to the filing. It also reduced its holding in Triplepoint Venture Growth (NYSE:TPVG) by 80,124 shares in the quarter, leaving it with 371,065 shares, and cut its stake in Solar Senior Capital Ltd (NASDAQ:SUNS).

Among 8 analysts covering Solar Capital (NASDAQ:SLRC), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Solar Capital had 16 analyst reports since August 6, 2015 according to SRatingsIntel. On Friday, January 12 the stock rating was upgraded by Wood to “Outperform”. The firm has “Buy” rating by DA Davidson given on Wednesday, September 30. The company was maintained on Tuesday, August 16 by Citigroup. The rating was maintained by National Securities with “Buy” on Wednesday, August 5. The firm earned “Hold” rating on Wednesday, August 2 by Keefe Bruyette & Woods. The rating was upgraded by Keefe Bruyette & Woods to “Buy” on Friday, January 12. The stock of Solar Capital Ltd. (NASDAQ:SLRC) earned “Hold” rating by Keefe Bruyette & Woods on Sunday, July 23. The firm has “Buy” rating by Deutsche Bank given on Thursday, February 25. Citigroup maintained Solar Capital Ltd. (NASDAQ:SLRC) rating on Wednesday, March 30. Citigroup has “Neutral” rating and $17 target. Ladenburg Thalmann downgraded Solar Capital Ltd. (NASDAQ:SLRC) on Friday, February 24 to “Neutral” rating.

Another recent and important Solar Capital Ltd. (NASDAQ:SLRC) news was published by Globenewswire.com which published an article titled: “Consolidated Research: 2018 Summary Expectations for Solar Capital, Summit Hotel Properties, FARO Technologies …” on April 18, 2018.

Investors sentiment decreased to 1 in Q4 2017. Its down 0.24, from 1.24 in 2017Q3. It fall, as 59 investors sold BX shares while 154 reduced holdings. 49 funds opened positions while 165 raised stakes. 298.48 million shares or 9.36% more from 272.94 million shares in 2017Q3 were reported. Cambridge Investment Rech Advsrs invested in 0.07% or 177,611 shares. Fifth Third Commercial Bank has 0.01% invested in The Blackstone Group L.P. (NYSE:BX). River & Mercantile Asset Management Limited Liability Partnership accumulated 100,495 shares. Davis R M owns 11,500 shares. Moors Cabot reported 114,547 shares. Grassi Inv Management owns 66,300 shares for 0.34% of their portfolio. Moreover, American has 0% invested in The Blackstone Group L.P. (NYSE:BX). Fiera Corp invested 0% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Spirit Of America Corp New York holds 0.13% in The Blackstone Group L.P. (NYSE:BX) or 35,805 shares. Aureus Asset Mngmt Ltd Liability Company owns 3.05% invested in The Blackstone Group L.P. (NYSE:BX) for 615,528 shares. Bourgeon Mngmt Llc holds 1.61% in The Blackstone Group L.P. (NYSE:BX) or 91,900 shares. Fayez Sarofim & Com has invested 0% in The Blackstone Group L.P. (NYSE:BX). Glenmede Na invested in 0% or 29,726 shares. Moreover, Regentatlantic has 0.03% invested in The Blackstone Group L.P. (NYSE:BX). Thompson Davis & invested in 1,525 shares.

Edgemoor Investment Advisors Inc, which manages about $707.10 million and $792.29 million US Long portfolio, decreased its stake in Eastman Chem Co (NYSE:EMN) by 3,345 shares to 89,434 shares, valued at $8.66M in 2017Q4, according to the filing. It also reduced its holding in Ecolab Inc (NYSE:ECL) by 2,900 shares in the quarter, leaving it with 4,181 shares, and cut its stake in Hcp Inc (NYSE:HCP).

More news for The Blackstone Group L.P. (NYSE:BX) were recently published by: Seekingalpha.com, which released: “Blackstone: Share Dilution And Why We Own It” on May 04, 2018. Seekingalpha.com‘s article titled: “Backing Blackstone For A Decade – Cramer’s Lightning Round (4/23/18)” and published on April 24, 2018 is yet another important article.

Since December 13, 2017, it had 0 insider buys, and 5 sales for $18.59 million activity. On Wednesday, December 13 Finley John G sold $632,896 worth of The Blackstone Group L.P. (NYSE:BX) or 20,000 shares.

Among 19 analysts covering The Blackstone Group L.P. (NYSE:BX), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. The Blackstone Group L.P. had 65 analyst reports since August 9, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Monday, April 23 with “Overweight”. The company was maintained on Thursday, July 20 by JMP Securities. The stock of The Blackstone Group L.P. (NYSE:BX) has “Neutral” rating given on Monday, November 23 by JP Morgan. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, October 19. As per Wednesday, January 10, the company rating was maintained by Keefe Bruyette & Woods. As per Friday, September 18, the company rating was maintained by Deutsche Bank. The rating was maintained by RBC Capital Markets on Tuesday, January 26 with “Outperform”. Oppenheimer maintained it with “Buy” rating and $4100 target in Sunday, April 15 report. The firm has “Buy” rating given on Tuesday, August 11 by Goldman Sachs. The stock of The Blackstone Group L.P. (NYSE:BX) has “Overweight” rating given on Friday, January 12 by JP Morgan.

Solar Capital Ltd. (NASDAQ:SLRC) Institutional Positions Chart

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