Currently, there are 582.31M common shares owned by the public and among those 578.20M shares have been available to trade.
Insiders at the company have transacted a total of 2 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 2 of these insider trades were purchases, accounting for 18,000 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
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The company’s stock has a 5-day price change of 0.55% and 1.66% over the past three months. ARCC shares are trading 0.95% year to date (YTD), with the 12-month market performance up to 4.66% higher. It has a 12-month low price of $16.95 and touched a high of $20.65 over the same period. ARCC has an average intraday trading volume of 3.99 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.30%, 0.38%, and 3.92% respectively.
Institutional ownership of Ares Capital Corporation (NASDAQ: ARCC) shares accounts for 30.54% of the company’s 582.31M shares outstanding.
It has a market capitalization of $11.77B and a beta (3y monthly) value of 1.03. The stock’s trailing 12-month PE ratio is 7.54, while the earnings-per-share (ttm) stands at $2.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.92% over the week and 1.12% over the month.
Analysts forecast that Ares Capital Corporation (ARCC) will achieve an EPS of $0.59 for the current quarter, $0.6 for the next quarter and $2.22 for 2025. The lowest estimate earnings-per-share for the quarter is $0.57 while analysts give the company a high EPS estimate of $0.62. Comparatively, EPS for the current quarter was $0.57 a year ago. EPS should shrink at an annualized rate of -0.90% over the next five years, compared to 6.30% over the past 5-year period.
Looking at the support for the ARCC, a number of firms have released research notes about the stock. B. Riley Securities stated their Neutral rating for the stock in a research note on January 08, 2024, with the firm’s price target at $21. B. Riley Securities coverage for the Ares Capital Corporation (ARCC) stock in a research note released on June 16, 2023 offered a Buy rating with a price target of $20.50. JP Morgan on their part issued Overweight rating on April 27, 2022.
