Media headlines about Ares Capital Corporation (NASDAQ:ARCC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ares Capital Corporation earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 46.5177714033422 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
ARCC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods set a $19.00 price objective on shares of Ares Capital Corporation and gave the company a “buy” rating in a research report on Friday, October 6th. BidaskClub cut shares of Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Ares Capital Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. BMO Capital Markets restated a “hold” rating and issued a $15.00 price objective on shares of Ares Capital Corporation in a research report on Friday, August 25th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $19.50 price objective on shares of Ares Capital Corporation in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $17.89.
Ares Capital Corporation (NASDAQ ARCC) opened at 16.59 on Tuesday. The stock’s 50 day moving average is $16.14 and its 200-day moving average is $16.53. Ares Capital Corporation has a 1-year low of $15.01 and a 1-year high of $17.87.
Ares Capital Corporation (NASDAQ:ARCC) last posted its earnings results on Wednesday, August 2nd. The investment management company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business had revenue of $284.00 million for the quarter, compared to the consensus estimate of $297.77 million. Ares Capital Corporation had a return on equity of 8.95% and a net margin of 44.61%. During the same period in the previous year, the firm earned $0.50 earnings per share. On average, equities research analysts forecast that Ares Capital Corporation will post $1.40 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 9.16%. The ex-dividend date of this dividend was Thursday, September 14th. Ares Capital Corporation’s payout ratio is presently 117.83%.
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About Ares Capital Corporation
Ares Capital Corporation is a specialty finance company. The Company operates as 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. It invests primarily in the United States middle-market companies.
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