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Ares Capital (NASDAQ:ARCC) Stock Price Down 0%

Ares Capital logo with Finance background

Ares Capital Co. (NASDAQ:ARCC - Get Free Report) fell 0% during trading on Friday . The company traded as low as $20.52 and last traded at $20.57. 474,225 shares changed hands during trading, a decline of 87% from the average session volume of 3,535,516 shares. The stock had previously closed at $20.58.

Wall Street Analyst Weigh In

A number of research firms have commented on ARCC. Oppenheimer increased their price objective on shares of Ares Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Thursday, May 2nd. Truist Financial lifted their price target on shares of Ares Capital from $22.00 to $23.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. JMP Securities reaffirmed a "market outperform" rating and issued a $21.00 price target on shares of Ares Capital in a report on Tuesday, March 26th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 price target on shares of Ares Capital in a report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ares Capital from $21.50 to $22.00 and gave the company an "overweight" rating in a report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Ares Capital presently has an average rating of "Moderate Buy" and an average price target of $21.50.

Get Our Latest Research Report on Ares Capital

Ares Capital Price Performance

The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.63 and a current ratio of 1.63. The business's 50 day simple moving average is $21.00 and its 200-day simple moving average is $20.48. The stock has a market capitalization of $12.65 billion, a price-to-earnings ratio of 7.05 and a beta of 1.00.


Ares Capital (NASDAQ:ARCC - Get Free Report) last posted its earnings results on Wednesday, May 1st. The investment management company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The firm had revenue of $701.00 million for the quarter, compared to analyst estimates of $703.85 million. Ares Capital had a net margin of 62.77% and a return on equity of 12.37%. The company's revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share. Research analysts anticipate that Ares Capital Co. will post 2.34 earnings per share for the current year.

Ares Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.33%. Ares Capital's dividend payout ratio (DPR) is 65.75%.

Institutional Trading of Ares Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nemes Rush Group LLC bought a new stake in shares of Ares Capital during the 4th quarter worth about $25,000. Valley National Advisers Inc. raised its holdings in shares of Ares Capital by 323.3% in the 1st quarter. Valley National Advisers Inc. now owns 1,435 shares of the investment management company's stock worth $29,000 after purchasing an additional 1,096 shares in the last quarter. Pingora Partners LLC bought a new stake in shares of Ares Capital in the 4th quarter worth approximately $30,000. First Horizon Advisors Inc. raised its holdings in shares of Ares Capital by 93.9% in the 4th quarter. First Horizon Advisors Inc. now owns 1,922 shares of the investment management company's stock worth $38,000 after purchasing an additional 931 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Ares Capital by 218.7% in the 4th quarter. Assetmark Inc. now owns 1,960 shares of the investment management company's stock worth $39,000 after purchasing an additional 1,345 shares in the last quarter. 27.38% of the stock is currently owned by institutional investors.

Ares Capital Company Profile

(Get Free Report)

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.

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