Press coverage about Ares Capital (NASDAQ:ARCC) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ares Capital earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 46.5387653792872 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several research firms have recently commented on ARCC. Wedbush began coverage on Ares Capital in a report on Monday, November 27th. They issued an “outperform” rating and a $18.00 price objective on the stock. Zacks Investment Research downgraded Ares Capital from a “hold” rating to a “sell” rating in a report on Monday, November 6th. National Securities reiterated a “buy” rating and issued a $19.00 price objective on shares of Ares Capital in a report on Friday, November 3rd. Citigroup began coverage on Ares Capital in a report on Wednesday, September 20th. They issued an “outperform” rating and a $18.00 price objective on the stock. Finally, CIBC began coverage on Ares Capital in a report on Thursday, September 21st. They issued an “outperform” rating and a $18.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.00.
Shares of Ares Capital (ARCC) traded down $0.02 during trading hours on Tuesday, reaching $16.01. The company had a trading volume of 2,070,000 shares, compared to its average volume of 2,130,000. Ares Capital has a 52 week low of $15.60 and a 52 week high of $17.87. The stock has a market cap of $6,830.00, a P/E ratio of 12.71, a PEG ratio of 3.41 and a beta of 0.63. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.29 and a current ratio of 1.29.
Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings results on Thursday, November 2nd. The investment management company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Ares Capital had a return on equity of 8.60% and a net margin of 45.78%. The company had revenue of $294.00 million for the quarter, compared to the consensus estimate of $295.02 million. During the same quarter in the previous year, the business earned $0.43 EPS. equities research analysts anticipate that Ares Capital will post 1.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a yield of 9.49%. Ares Capital’s dividend payout ratio is presently 120.63%.
In other Ares Capital news, Director Michael J. Arougheti purchased 8,365 shares of Ares Capital stock in a transaction that occurred on Friday, November 3rd. The shares were bought at an average price of $15.85 per share, for a total transaction of $132,585.25. Following the acquisition, the director now directly owns 937,054 shares in the company, valued at $14,852,305.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have purchased 8,965 shares of company stock worth $142,315. 0.45% of the stock is owned by company insiders.
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About Ares Capital
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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