Confluence Investment Management Holds Position in Ares Capital Corp. (ARCC); Advanced Energy Inds (AEIS) Holder Aristotle Capital Boston Has Trimmed Its Position as Share Price Declined

April 17, 2018 - By Adrian Mccoy

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Logo

Confluence Investment Management Llc increased its stake in Ares Capital Corp. (ARCC) by 2.04% based on its latest 2017Q4 regulatory filing with the SEC. Confluence Investment Management Llc bought 102,683 shares as the company’s stock rose 0.32% while stock markets declined. The institutional investor held 5.14 million shares of the company at the end of 2017Q4, valued at $80.87 million, up from 5.04 million at the end of the previous reported quarter. Confluence Investment Management Llc who had been investing in Ares Capital Corp. for a number of months, seems to be bullish on the $6.82B market cap company. The stock increased 0.16% or $0.02 during the last trading session, reaching $16. About 728,490 shares traded. Ares Capital Corporation (NASDAQ:ARCC) has declined 8.33% since April 17, 2017 and is downtrending. It has underperformed by 19.88% the S&P500.

Aristotle Capital Boston Llc decreased its stake in Advanced Energy Inds (AEIS) by 8.85% based on its latest 2017Q4 regulatory filing with the SEC. Aristotle Capital Boston Llc sold 19,585 shares as the company’s stock declined 10.34% with the market. The institutional investor held 201,612 shares of the capital goods company at the end of 2017Q4, valued at $13.61 million, down from 221,197 at the end of the previous reported quarter. Aristotle Capital Boston Llc who had been investing in Advanced Energy Inds for a number of months, seems to be less bullish one the $2.71 billion market cap company. The stock increased 1.62% or $1.09 during the last trading session, reaching $68.34. About 181,755 shares traded. Advanced Energy Industries, Inc. (NASDAQ:AEIS) has declined 4.98% since April 17, 2017 and is downtrending. It has underperformed by 16.53% the S&P500.

Confluence Investment Management Llc, which manages about $2.30B and $5.48 billion US Long portfolio, decreased its stake in Polaris Industries (NYSE:PII) by 26,739 shares to 1.08 million shares, valued at $133.70M in 2017Q4, according to the filing. It also reduced its holding in Compagnie Financiere Richemont (CFRUY) by 240,706 shares in the quarter, leaving it with 7.95M shares, and cut its stake in High Yield Corporate Bond Fund (HYG).

Among 18 analysts covering Ares Capital (NASDAQ:ARCC), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Ares Capital had 27 analyst reports since August 21, 2015 according to SRatingsIntel. The company was maintained on Wednesday, May 31 by BMO Capital Markets. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Outperform” rating by Raymond James on Friday, August 28. RBC Capital Markets maintained Ares Capital Corporation (NASDAQ:ARCC) rating on Friday, November 3. RBC Capital Markets has “Hold” rating and $19.0 target. The stock has “Buy” rating by Keefe Bruyette & Woods on Sunday, July 23. Keefe Bruyette & Woods maintained Ares Capital Corporation (NASDAQ:ARCC) rating on Thursday, October 5. Keefe Bruyette & Woods has “Buy” rating and $18.5 target. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, November 14. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Buy” rating given on Wednesday, September 20 by Oppenheimer. The firm earned “Buy” rating on Tuesday, August 15 by Jefferies. National Securities initiated the stock with “Neutral” rating in Tuesday, June 28 report. The rating was maintained by BMO Capital Markets with “Hold” on Friday, October 6.

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.04, from 0.96 in 2017Q3. It worsened, as 55 investors sold ARCC shares while 108 reduced holdings. 40 funds opened positions while 110 raised stakes. 156.46 million shares or 3.16% less from 161.57 million shares in 2017Q3 were reported. Schroder Investment Group has 1.63M shares for 0.04% of their portfolio. Rivernorth Ltd Com owns 1.43M shares for 1.57% of their portfolio. Windsor Cap Mgmt Lc stated it has 25,000 shares. Fj Cap Mngmt Ltd Com reported 15,800 shares. Bb&T Corp reported 0% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Seabridge Invest Advsr Limited Liability Corp reported 216,015 shares or 0.74% of all its holdings. Wealthcare Limited Com holds 0% or 187 shares in its portfolio. Buckhead Capital Mngmt Ltd Co holds 0.31% in Ares Capital Corporation (NASDAQ:ARCC) or 92,475 shares. Koch Industr Inc owns 57,796 shares for 0.13% of their portfolio. Moreover, Fifth Third Financial Bank has 0% invested in Ares Capital Corporation (NASDAQ:ARCC). Burke & Herbert Bancorp Company owns 21,846 shares for 0.29% of their portfolio. Rothschild Invest Il holds 143,052 shares. Carnegie Capital Asset Management Limited Liability Com holds 175,667 shares or 0.25% of its portfolio. Mackenzie stated it has 132,592 shares. West Family Invs Incorporated invested 0.18% in Ares Capital Corporation (NASDAQ:ARCC).

Since January 23, 2018, it had 5 buys, and 0 sales for $447,042 activity. ROLL PENELOPE F bought 3,000 shares worth $47,430. Shares for $390,000 were bought by Arougheti Michael J.

Aristotle Capital Boston Llc, which manages about $1.48B and $1.37 billion US Long portfolio, upped its stake in Liquidity Services Inc (NASDAQ:LQDT) by 80,012 shares to 362,294 shares, valued at $1.76 million in 2017Q4, according to the filing. It also increased its holding in Commercial Veh Group Inc (NASDAQ:CVGI) by 95,958 shares in the quarter, for a total of 974,008 shares, and has risen its stake in Umpqua Hldgs Corp (NASDAQ:UMPQ).

Analysts await Advanced Energy Industries, Inc. (NASDAQ:AEIS) to report earnings on May, 7. They expect $1.22 earnings per share, up 38.64% or $0.34 from last year’s $0.88 per share. AEIS’s profit will be $48.43 million for 14.00 P/E if the $1.22 EPS becomes a reality. After $1.23 actual earnings per share reported by Advanced Energy Industries, Inc. for the previous quarter, Wall Street now forecasts -0.81% negative EPS growth.

Since October 18, 2017, it had 0 insider buys, and 1 sale for $718,585 activity. Shares for $960,210 were sold by WASSERMAN YUVAL on Wednesday, October 18.

Among 10 analysts covering Advanced Energy Industries Inc. (NASDAQ:AEIS), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Advanced Energy Industries Inc. had 24 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, October 12 by Citigroup. The firm earned “Buy” rating on Wednesday, February 1 by Dougherty & Company. The firm has “Outperform” rating by Raymond James given on Tuesday, January 5. On Thursday, August 6 the stock rating was downgraded by Zacks to “Strong-Buy”. The firm earned “Buy” rating on Friday, October 13 by Needham. The stock has “Market Perform” rating by Raymond James on Thursday, July 14. Needham upgraded Advanced Energy Industries, Inc. (NASDAQ:AEIS) rating on Thursday, January 5. Needham has “Buy” rating and $65 target. The rating was reinitiated by Pacific Crest with “Sector Weight” on Monday, January 4. DA Davidson initiated the stock with “Buy” rating in Thursday, January 11 report. The stock has “Neutral” rating by Bank of America on Wednesday, April 20.

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: