Looking back to 2 days ago, Ares Capital Corporation (NASD: ARCC) priced a 16,650,000 share secondary stock offering at $17.61 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Friday, bargain hunters could buy shares of ARCC and achieve a cost basis 1.8% cheaper than those buyers, with shares changing hands as low as $17.29 per share.
Looking back to 2 days ago, Ares Capital Corporation (NASD: ARCC) priced a 16,650,000 share secondary stock offering at $17.61 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Friday, bargain hunters could buy shares of ARCC and achieve a cost basis 1.8% cheaper than those buyers, with shares changing hands as low as $17.29 per share.
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