Currently, there are 684.48M common shares owned by the public and among those 679.04M shares have been available to trade.
The company’s stock has a 5-day price change of -12.86% and -12.94% over the past three months. ARCC shares are trading -11.79% year to date (YTD), with the 12-month market performance down to -5.16% lower. It has a 12-month low price of $19.32 and touched a high of $23.84 over the same period. ARCC has an average intraday trading volume of 4.84 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 -10.96%, -14.39%, and -10.64% respectively.
Institutional ownership of Ares Capital Corp (NASDAQ: ARCC) shares accounts for 30.23% of the company’s 684.48M shares outstanding.
It has a market capitalization of $13.22B and a beta (3y monthly) value of 0.76. The stock’s trailing 12-month PE ratio is 7.91, while the earnings-per-share (ttm) stands at $2.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.57% over the week and 2.25% over the month.
Analysts forecast that Ares Capital Corp (ARCC) will achieve an EPS of 0.54 for the current quarter, 0.54 for the next quarter and 2.13 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.52 while analysts give the company a high EPS estimate of 0.52. Comparatively, EPS for the current quarter was 0.59 a year ago. Earnings per share for the fiscal year are expected to decrease by -7.25%, and -1.42% over the next financial year.
Wells Fargo was of a view on December 02, 2024 that the stock is Overweight, while B. Riley Securities gave the stock Neutral rating on January 08, 2024, issuing a price target of $21. B. Riley Securities on their part issued Buy rating on June 16, 2023.
