Shares of HSBC Holdings plc (ADR) (NYSE:HSBC) ended Tuesday session in red amid volatile trading. The shares closed down -0.32 points or -0.83% at $38.33 with 2.46 million shares getting traded. Post opening the session at $38.59, the shares hit an intraday low of $38.16 and an intraday high of $38.61 and the price vacillated in this range throughout the day. The company has a market cap of $155.45 billion and the numbers of outstanding shares have been calculated to be 19.75 billion shares.
HSBC Holdings plc provides banking and financial products and services in the United Kingdom and internationally. It operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking businesses. The companys Retail Banking and Wealth Management business offers a range of personal banking products and services, including current and savings accounts, mortgages and personal loans, credit cards, debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, asset management services, and financial planning services.
Shares of Ares Capital Corporation (NASDAQ:ARCC) ended Tuesday session in red amid volatile trading. The shares closed down -0.01 points or -0.06% at $16.38 with 4.70 million shares getting traded. Post opening the session at $16.40, the shares hit an intraday low of $16.31 and an intraday high of $16.40 and the price vacillated in this range throughout the day. The company has a market cap of $5.22 billion and the numbers of outstanding shares have been calculated to be 313.95 million shares.
Ares Capital Corporation is a specialty finance company that is a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. The Company invests primarily in the United States middle-market companies. The Company invests in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and mezzanine debt, generally in a first lien position), second lien senior secured loans and mezzanine debt, which in some cases includes an equity component. The Company focuses on self-originating most of its investments by pursuing an array of investment opportunities in middle-market companies, venture capital backed businesses and power generation projects across multiple channels. It also makes preferred and/or common equity investments. The Company is externally managed by its investment advisor, Ares Capital Management LLC.