Ares Capital Corporation (ARCC) Receives Consensus Recommendation of “Buy” from Brokerages

Ares Capital Corporation (NASDAQ:ARCC) has been given a consensus rating of “Buy” by the fourteen brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $18.06.

Several research analysts have recently commented on ARCC shares. Keefe, Bruyette & Woods set a $19.00 price objective on Ares Capital Corporation and gave the stock a “buy” rating in a research note on Friday, October 6th. BidaskClub downgraded Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded Ares Capital Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Ares Capital Corporation in a research note on Friday, August 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $19.50 price objective on shares of Ares Capital Corporation in a research note on Friday, July 14th.

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Shares of Ares Capital Corporation (NASDAQ ARCC) traded up 0.0602% during midday trading on Thursday, hitting $16.4699. The stock had a trading volume of 405,575 shares. Ares Capital Corporation has a 12 month low of $15.01 and a 12 month high of $17.87. The stock’s 50 day moving average price is $16.17 and its 200 day moving average price is $16.52.

Ares Capital Corporation (NASDAQ:ARCC) last posted its quarterly earnings data 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). Ares Capital Corporation had a return on equity of 8.95% and a net margin of 44.61%. The company had revenue of $284.00 million during the quarter, compared to the consensus estimate of $297.77 million. During the same period last year, the business earned $0.50 EPS. On average, equities research analysts expect that Ares Capital Corporation will post $1.40 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 9.23%. The ex-dividend date was Thursday, September 14th. Ares Capital Corporation’s dividend payout ratio (DPR) is currently 117.83%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC raised its stake in Ares Capital Corporation by 8.9% during the 2nd quarter. Penserra Capital Management LLC now owns 6,439 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 526 shares during the period. Hudock Capital Group LLC raised its stake in Ares Capital Corporation by 3.2% during the 2nd quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock valued at $106,000 after purchasing an additional 200 shares during the period. Ffcm LLC raised its stake in Ares Capital Corporation by 218.9% during the 2nd quarter. Ffcm LLC now owns 6,840 shares of the investment management company’s stock valued at $113,000 after purchasing an additional 4,695 shares during the period. Global X Management Co. LLC raised its stake in Ares Capital Corporation by 49.4% during the 1st quarter. Global X Management Co. LLC now owns 8,055 shares of the investment management company’s stock valued at $140,000 after purchasing an additional 2,664 shares during the period. Finally, Grove Bank & Trust raised its stake in Ares Capital Corporation by 45.4% during the 2nd quarter. Grove Bank & Trust now owns 9,420 shares of the investment management company’s stock valued at $154,000 after purchasing an additional 2,940 shares during the period. 44.98% of the stock is currently owned by institutional investors.

Ares Capital Corporation Company Profile

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.

Analyst Recommendations for Ares Capital Corporation (NASDAQ:ARCC)

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