Today, Ares Capital Corp. (ARCC) Given Average Recommendation of “Hold” from Analysts

Today, Ares Capital Corp. (ARCC) Given Average Recommendation of “Hold” from Analysts

Ares Capital Corp. (NASDAQ:ARCC) has received a consensus rating of “Hold” from the nine analysts that are covering the firm. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.70.

ARCC has been the subject of a number of analyst reports. Jefferies Group restated a “buy” rating and issued a $17.50 price target on shares of Ares Capital Corp. in a research report on Tuesday, October 25th. Zacks Investment Research upgraded Ares Capital Corp. from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Tuesday, November 15th. National Securities reiterated a “neutral” rating and set a $16.00 target price on shares of Ares Capital Corp. in a research report on Friday, November 4th. Janney Montgomery Scott began coverage on Ares Capital Corp. in a research report on Monday, October 31st. They set a “neutral” rating and a $16.50 target price for the company. Finally, JMP Securities increased their target price on Ares Capital Corp. from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 9th.

Shares of Ares Capital Corp. (NASDAQ:ARCC) opened at 16.24 on Wednesday. Ares Capital Corp. has a 12 month low of $12.31 and a 12 month high of $16.43. The firm has a 50-day moving average price of $15.45 and a 200 day moving average price of $15.19.

Ares Capital Corp. (NASDAQ:ARCC) last issued its quarterly earnings results on Wednesday, November 2nd. The investment management company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. Ares Capital Corp. had a return on equity of 9.57% and a net margin of 40.83%. During the same period in the previous year, the business earned $0.41 earnings per share. On average, analysts expect that Ares Capital Corp. will post $1.57 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 9.36%. The ex-dividend date of this dividend is Tuesday, December 13th. Ares Capital Corp.’s dividend payout ratio is presently 115.15%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Green Square Capital LLC raised its stake in Ares Capital Corp. by 13.7% in the second quarter. Green Square Capital LLC now owns 177,126 shares of the investment management company’s stock valued at $2,515,000 after buying an additional 21,381 shares during the last quarter. Sigma Planning Corp raised its stake in Ares Capital Corp. by 14.0% in the second quarter. Sigma Planning Corp now owns 88,322 shares of the investment management company’s stock valued at $1,254,000 after buying an additional 10,816 shares during the last quarter. Delphi Financial Group Inc. raised its stake in Ares Capital Corp. by 3.1% in the second quarter. Delphi Financial Group Inc. now owns 3,337,876 shares of the investment management company’s stock valued at $47,364,000 after buying an additional 100,000 shares during the last quarter. Chesley Taft & Associates LLC raised its stake in Ares Capital Corp. by 0.6% in the second quarter. Chesley Taft & Associates LLC now owns 49,875 shares of the investment management company’s stock valued at $708,000 after buying an additional 300 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its stake in Ares Capital Corp. by 7.0% in the second quarter. Duncker Streett & Co. Inc. now owns 88,165 shares of the investment management company’s stock valued at $1,252,000 after buying an additional 5,785 shares during the last quarter. Institutional investors and hedge funds own 52.31% of the company’s stock.

Related posts

Leave a Comment