Media headlines about Ares Capital (NASDAQ:ARCC) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ares Capital earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the investment management company an impact score of 46.6091826645144 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
Several equities analysts have recently issued reports on ARCC shares. TheStreet raised Ares Capital from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. National Securities reissued a “buy” rating and issued a $19.00 price objective on shares of Ares Capital in a report on Friday, November 3rd. Jefferies Group reissued a “buy” rating and issued a $19.50 price objective on shares of Ares Capital in a report on Friday, November 3rd. Keefe, Bruyette & Woods set a $19.00 price target on Ares Capital and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, Compass Point began coverage on Ares Capital in a report on Wednesday, December 6th. They issued a “buy” rating and a $17.50 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $18.00.
Ares Capital (ARCC) traded up $0.02 during midday trading on Friday, reaching $15.99. The company had a trading volume of 913,640 shares, compared to its average volume of 2,130,000. The firm has a market cap of $6,830.00, a PE ratio of 12.69, a price-to-earnings-growth ratio of 3.40 and a beta of 0.63. Ares Capital has a 12 month low of $15.60 and a 12 month high of $17.87. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.66.
Ares Capital (NASDAQ:ARCC) last released its quarterly earnings results on Thursday, November 2nd. The investment management company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $295.02 million. Ares Capital had a return on equity of 8.60% and a net margin of 45.78%. During the same quarter in the prior year, the firm posted $0.43 EPS. equities analysts anticipate that Ares Capital will post 1.38 EPS 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 $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a yield of 9.51%. Ares Capital’s payout ratio is 120.63%.
In other news, Director Michael J. Arougheti bought 8,365 shares of Ares Capital stock in a transaction on Friday, November 3rd. The stock was acquired at an average price of $15.85 per share, with a total value of $132,585.25. Following the completion of the acquisition, the director now directly owns 937,054 shares of the company’s stock, valued at $14,852,305.90. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 8,965 shares of company stock valued at $142,315 in the last ninety days. 0.45% of the stock is currently owned by 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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