Media stories about Ares Capital (NASDAQ:ARCC) have trended somewhat positive on Friday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ares Capital earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media headlines about the investment management company an impact score of 45.7032365095525 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Investors Scanning Stocks Using Volume Growth: Ares Capital Corporation (ARCC) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Facts About In Play Stocks: Ares Capital Corporation (NASDAQ: ARCC) – Alpha Beta Stock (alphabetastock.com)
- Ares Capital Corporation (NASDAQ:ARCC) – Hot Stock of the Day – Nasdaq Journal (press release) (nasdaqjournal.com)
- Ares Capital (ARCC) Upgraded to “B-” by TheStreet (americanbankingnews.com)
- From Top to Bottom: Ares Capital Corporation, (NASDAQ: ARCC),Bioverativ Inc., (NASDAQ: BIVV), Garmin Ltd … – Hot Stocks In Focus (press release) (reagentsglobalmarket.com)
Shares of Ares Capital (ARCC) traded down $0.13 during trading hours on Friday, reaching $15.80. 4,127,965 shares of the company were exchanged, compared to its average volume of 2,063,107. The company has a market capitalization of $7,038.20, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 3.99 and a beta of 0.63. Ares Capital has a 52 week low of $15.48 and a 52 week high of $17.87. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.66.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.62%. The ex-dividend date is Thursday, December 14th. Ares Capital’s payout ratio is presently 119.69%.
A number of analysts recently issued reports on ARCC shares. Keefe, Bruyette & Woods set a $19.00 price target on Ares Capital and gave the company a “buy” rating in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Ares Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. TheStreet downgraded shares of Ares Capital from a “b” rating to a “c+” rating in a research note on Monday, November 13th. BMO Capital Markets reissued a “hold” rating and issued a $15.00 price objective on shares of Ares Capital in a research note on Friday, August 25th. Finally, Jefferies Group reissued a “buy” rating and issued a $19.50 price objective on shares of Ares Capital in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.00.
In other Ares Capital news, Director Michael J. Arougheti purchased 8,365 shares of Ares Capital stock in a transaction dated Friday, November 3rd. The shares were acquired at an average cost of $15.85 per share, with a total value of $132,585.25. Following the completion of the transaction, the director now owns 937,054 shares in the company, valued at approximately $14,852,305.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have bought 8,965 shares of company stock worth $142,323. Insiders own 0.45% of the company’s stock.
About Ares Capital
Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.
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