Doliver Capital Advisors LP Purchases New Stake in Ares Dynamic Credit Allocation Fund Inc (ARDC)

Doliver Capital Advisors LP purchased a new position in shares of Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) in the third quarter, HoldingsChannel.com reports. The fund purchased 59,009 shares of the company’s stock, valued at approximately $916,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ARDC. CWM LLC purchased a new position in Ares Dynamic Credit Allocation Fund during the 3rd quarter worth approximately $144,000. Integrated Wealth Concepts LLC purchased a new position in Ares Dynamic Credit Allocation Fund during the 2nd quarter worth approximately $162,000. E&G Advisors LP purchased a new position in Ares Dynamic Credit Allocation Fund during the 3rd quarter worth approximately $191,000. Oppenheimer & Co. Inc. purchased a new position in Ares Dynamic Credit Allocation Fund during the 3rd quarter worth approximately $210,000. Finally, Kovack Advisors Inc. purchased a new position in Ares Dynamic Credit Allocation Fund during the 2nd quarter worth approximately $274,000.

In other news, Director John Joseph Shaw acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, September 26th. The shares were acquired at an average price of $15.56 per share, with a total value of $311,200.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NYSE ARDC opened at $15.23 on Monday. Ares Dynamic Credit Allocation Fund Inc has a 12 month low of $14.86 and a 12 month high of $16.73.

The company also recently disclosed a dividend, which will be paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th will be paid a dividend of $0.108 per share. The ex-dividend date of this dividend is Monday, November 19th.

Ares Dynamic Credit Allocation Fund Company Profile

Ares Dynamic Credit Allocation Fund, Inc is a closed-ended fixed income mutual fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It invests in the fixed income markets of Europe. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, debt securities issued by CLOs, and other fixed-income instruments.

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Want to see what other hedge funds are holding ARDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC).

Institutional Ownership by Quarter for Ares Dynamic Credit Allocation Fund (NYSE:ARDC)

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