Ares Capital Corporation (ARCC) concluded trading on Thursday at a closing price of $20.49, with 2.69 million shares of worth about $55.2 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.43% during that period and on Thursday, January 25 the price saw a gain of about 0.79%. 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.
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VanEck BDC Income ETF, Border to Coast Listed Alternativ, and iShares II Plc – Listed Private E are the top 3 mutual funds which are holding stakes in Ares Capital Corporation VanEck BDC Income ETF is currently holding 8.33 million shares of worth totaling $166.78 million. The company recently came buying 15960.0 shares which brought its stake up to 1.46% of the company’s outstanding shares. Border to Coast Listed Alternativ bought 0.25 million shares, after which its hold over company’s outstanding shares expand to 0.45%, leaving 2.55 million shares with the mutual fund that have a worth of about $50.99 million. iShares II Plc – Listed Private E, after buying 1.28 million shares, have now control over 0.23% of the stake in the company. It holds 0.0 shares of worth $25.62 million.
Stock saw a price change of 1.04% in past 5 days and over the past one month there was a price change of 3.69%. Year-to-date (YTD), ARCC shares are showing a performance of 2.30% which increased to 5.29% 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 $20.61 during that period. The average intraday trading volume for Ares Capital Corporation shares is 3.43 million. The stock is currently trading 1.19% above its 20-day simple moving average (SMA20), while that difference is up 2.58% for SMA50 and it goes to 6.50% higher than SMA200.
Ares Capital Corporation (NASDAQ: ARCC) currently have 569.44M outstanding shares and institutions hold larger chunk of about 30.23% 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 $11.67B and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 8.87, 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 0.74% while standing at 0.98% 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 16.80% while it is estimated to decrease by -1.30% 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 January 08, 2024 offering a Neutral rating for the stock and assigned a target price of $21 to it.
