Ares Capital Corporation (ARCC) concluded trading on Wednesday at a closing price of $20.03, with 4.74 million shares of worth about $94.92 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.84% during that period and on Wednesday the price saw a loss of about -0.40%. Currently the company’s common shares owned by public are about 582.31M shares, out of which, 578.20M 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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Stock saw a price change of -0.94% in past 5 days and over the past one month there was a price change of -1.77%. Year-to-date (YTD), ARCC shares are showing a performance of 0.00% which increased to 1.78% 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 $20.65 during that period. The average intraday trading volume for Ares Capital Corporation shares is 3.88 million. The stock is currently trading -1.01% below its 20-day simple moving average (SMA20), while that difference is down -0.55% for SMA50 and it goes to 3.15% higher than SMA200.
Ares Capital Corporation (NASDAQ: ARCC) currently have 582.31M outstanding shares and institutions hold larger chunk of about 30.50% of that.
The stock has a current market capitalization of $11.66B and its 3Y-monthly beta is at 1.04. PE ratio of stock for trailing 12 months is 7.47, while it has posted earnings per share of $2.68 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 0.93% while standing at 1.08% over the month.
Analysts are in expectations that Ares Capital Corporation (ARCC) stock would likely to be making an EPS of $0.59 in the current quarter, while forecast for next quarter EPS is $0.6 and it is $2.22 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.57 which is $0.62 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 $0.57 in the same quarter a year ago. EPS is likely to shrink at an annualized rate of -0.90% for next 5-years, compared to annual growth of 6.30% 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. Coverage by B. Riley Securities stated Ares Capital Corporation (ARCC) stock as a Buy in their note to investors on June 16, 2023, suggesting a price target of $20.50 for the stock. Stock get an Overweight rating from JP Morgan on April 27, 2022.
