Market Movers - Asset Management and Custody Banks Stocks -- Research on Ares Capital, Artisan Partners Asset Management, Franklin Resources, and BlackRock Kelso Capital Editor Note: For more information about this release, please scroll to bottom
LONDON, June 20, 2014 /PRNewswire/ --
On Thursday, June 19, 2014, the NASDAQ Composite ended at 4,359.33, down 0.08%, the Dow Jones Industrial Average finished the day 0.09% higher at 16,921.46, and the S&P 500 closed at 1,959.48, up 0.13%. The gains were broad based as six out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 306.91, down 0.15%, while the index has advanced 4.32% in the last one month. Investor-Edge has initiated coverage on the following equities: Ares Capital Corp. (NASDAQ: ARCC), Artisan Partners Asset Management Inc. (NYSE: APAM), Franklin Resources Inc. (NYSE: BEN) and BlackRock Kelso Capital Corp. (NASDAQ: BKCC). Free technical research on ARCC, APAM, BEN and BKCC can be downloaded upon signing up at:
On Thursday, Ares Capital Corp.'s stock recorded a trading volume of 2.30 million shares, higher than its three months average volume of 2.10 million shares. The stock finished the day at $17.32, up 0.06%, and registered an intraday range of $17.20 and $17.38. Ares Capital Corp.'s shares have advanced 1.64% in the past three trading sessions and 1.88% in the last one month. However, the stock has declined 2.25% on YTD basis. Furthermore, the company's stock is trading above its 50-day moving average. The stock's 200-day moving average of $17.50 is above its 50-day moving average of $17.11. Additionally, shares of the company traded at a PE ratio of 10.69 and have a Relative Strength Index (RSI) of 58.77. Sign up today to read free research on ARCC at:
Artisan Partners Asset Management Inc.'s stock fell by 0.29%, to close Thursday's session at $55.66, after oscillating between $55.34 and $56.26. The stock recorded a trading volume of 0.48 million shares, close to its three months average volume of 0.43 million shares. Over the past three trading sessions and last one month, shares in Artisan Partners Asset Management Inc. have gained 1.42% and 1.11%, respectively. However, from the beginning of 2014, the company's stock has lost 12.22%. The stock is trading below its 50-day and 200-day moving averages. The company stock's 200-day moving average of $58.69 is above its 50-day moving average of $56.77. Further, the company's stock has an RSI of 45.78. Sign up today to read free research on APAM at:
On Thursday, Franklin Resources Inc.'s stock finished the session 0.50% lower at $57.87. A total of 1.39 million shares were traded, which was below its three months average volume of 2.05 million shares. The stock moved between $57.74 and $58.42 during the session. Over the last one month and past three months, Franklin Resources Inc.'s shares have rallied 5.29% and 12.39%, respectively. Also, the stock has gone up 0.24% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $54.30 is greater than its 200-day moving average of $53.53. Franklin Resources Inc.'s stock traded at a PE ratio of 16.49 and has an RSI of 69.63. Sign up today to read free research on BEN at:
Shares in BlackRock Kelso Capital Corp. fluctuated between $8.79 and $8.94 before ending Thursday's session down 0.34%, at $8.88. The company's stock reported a trading volume of 0.64 million shares, below its three months average volume of 0.74 million shares. Further, shares of BlackRock Kelso Capital Corp. have advanced 2.90% over the past three trading sessions and 3.86% over the last one month. However, the stock has fallen by 4.82% on YTD basis. The stock is trading above its 50-day moving average. The stock's 200-day moving average of $9.31 is greater than its 50-day moving average of $8.80. Moreover, shares of the company traded at a PE ratio of 5.77 and have an RSI of 58.53. Sign up today to read free research on BKCC at:
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