Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Ares Capital (ARCC) Share Price
News headlines about Ares Capital (NASDAQ:ARCC) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ares Capital earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 46.0273780507083 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s rankings:
- Ares Capital Co. (ARCC) Expected to Announce Quarterly Sales of $299.10 Million (americanbankingnews.com)
- Ares Capital Corporation (NASDAQ: ARCC) – Where Relative Volume Stands? – Alpha Beta Stock (alphabetastock.com)
- Zacks: Analysts Expect Ares Capital Co. (ARCC) Will Announce Earnings of $0.37 Per Share (americanbankingnews.com)
- Ares Capital Corporation (NASDAQ: ARCC) – Hot Stock under Consideration – Alpha Beta Stock (alphabetastock.com)
- Short Term Technical Analysis: Ares Capital Corporation (ARCC), Urban Outfitters, Inc. (URBN) – Market Movers (financialqz.com)
Ares Capital (NASDAQ ARCC) traded down $0.01 during mid-day trading on Friday, hitting $15.80. 1,550,898 shares of the company were exchanged, compared to its average volume of 2,167,988. 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 has a 1-year low of $15.60 and a 1-year high of $17.87. The firm has a market cap of $6,739.79, a PE ratio of 12.44, a PEG ratio of 3.82 and a beta of 0.63.
Ares Capital (NASDAQ:ARCC) last released its quarterly earnings data on Thursday, November 2nd. The investment management company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. Ares Capital had a net margin of 45.78% and a return on equity of 8.60%. The business had revenue of $294.00 million for the quarter, compared to analysts’ expectations of $295.02 million. During the same quarter last year, the company earned $0.43 EPS. analysts expect that Ares Capital will post 1.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.62%. Ares Capital’s dividend payout ratio (DPR) is presently 119.69%.
A number of brokerages have weighed in on ARCC. CIBC began coverage on shares of Ares Capital in a report on Thursday, September 21st. They set an “outperform” rating and a $18.00 target price on the stock. BMO Capital Markets reissued a “hold” rating and set a $15.00 target price on shares of Ares Capital in a report on Friday, August 25th. BidaskClub cut shares of Ares Capital from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th. National Securities reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Ares Capital in a report on Friday, November 3rd. Finally, Oppenheimer began coverage on shares of Ares Capital in a report on Thursday, September 21st. They issued an “outperform” rating and a $18.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $18.00.
In related news, Director Michael J. Arougheti bought 8,365 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average price of $15.85 per share, for a total transaction of $132,585.25. Following the transaction, the director now directly owns 937,054 shares of the company’s stock, valued at approximately $14,852,305.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 9,165 shares of company stock valued at $145,469 in the last quarter. 0.45% of the stock is currently owned by insiders.
Ares Capital 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.
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