Ares Capital Corporation (ARCC) concluded trading on December 20, 2023 at a closing price of $19.55, with 3.3 million shares of worth about $64.52 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.59% during that period and On Wednesday the price saw a loss of about -0.86%. Currently the company’s common shares owned by public are about 569.44M shares, out of which, 565.33M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 2 times over the past 12 months. They bought 18,000 shares in 2 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
ARIRANG Top10 US Listed Alternati, VanEck BDC Income ETF, and Border to Coast Listed Alternativ are the top 3 mutual funds which are holding stakes in Ares Capital Corporation ARIRANG Top10 US Listed Alternati is currently holding 8.72 million shares of worth totaling $172.78 million. The company recently came buying 8.72 million shares which brought its stake up to 1.53% of the company’s outstanding shares. VanEck BDC Income ETF bought 20140.0 shares, after which its hold over company’s outstanding shares expand to 1.38%, leaving 7.87 million shares with the mutual fund that have a worth of about $156.06 million. Border to Coast Listed Alternativ, after buying 2.3 million shares, have now control over 0.40% of the stake in the company. It holds 2.3 million shares of worth $45.5 million.
However, the stock later moved at a day high price of 19.78, or with a loss of -0.86%. Stock saw a price change of -3.27% in past 5 days and over the past one month there was a price change of -0.91%. Year-to-date (YTD), ARCC shares are showing a performance of 5.85% which increased to 8.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.95 but also hit the highest price of $20.21 during that period. The average intraday trading volume for Ares Capital Corporation shares is 3.26 million. The stock is currently trading -1.54% below its 20-day simple moving average (SMA20), while that difference is up 0.15% for SMA50 and it goes to 3.00% higher than SMA200.
Ares Capital Corporation (NASDAQ: ARCC) currently have 569.44M outstanding shares and institutions hold larger chunk of about 30.05% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $11.13B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 8.46, while it has posted earnings per share of $2.31 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARCC, volatility over the week remained 1.26% while standing at 0.90% over the month.
Analysts are in expectations that Ares Capital Corporation (ARCC) stock would likely to be making an EPS of $0.6 in the current quarter, while forecast for next quarter EPS is $0.59 and it is $2.33 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.58 which is $0.63 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.63 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 15.80% while it is estimated to decrease by -0.40% in next year. EPS is likely to shrink at an annualized rate of -0.90% for next 5-years, compared to annual growth of 5.34% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on June 16, 2023 offering a Buy rating for the stock and assigned a target price of $20.50 to it.
