News coverage about Ares Capital (NASDAQ:ARCC) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ares Capital earned a news impact score of 0.12 on Accern’s scale. Accern also gave media coverage about the investment management company an impact score of 46.4265891654086 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Turkey, Qatar boost co-op ties (menafn.com)
- Is The Stock Highly Volatile? – Ares Capital Corporation, (NASDAQ: ARCC) – Stock Watch (stocksnewstimes.com)
- Hot Stock in Focus – Ares Capital Corporation (NASDAQ: ARCC) – Alpha Beta Stock (alphabetastock.com)
- Ares Capital’s Dividend Sustainability Analysis (Includes Q2-Q4 2018 Dividend Projection) – Seeking Alpha (seekingalpha.com)
- Best In Class Specialty Finance Company Offers 9.6% Yield Plus 15 … – Seeking Alpha (seekingalpha.com)
Several equities research analysts have issued reports on ARCC shares. National Securities reaffirmed a “buy” rating and set a $19.00 price target on shares of Ares Capital in a research note on Thursday, February 15th. Oppenheimer set a $18.00 price target on shares of Ares Capital and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Zacks Investment Research cut shares of Ares Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. TheStreet raised shares of Ares Capital from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. Finally, Wedbush began coverage on shares of Ares Capital in a research report on Monday, November 27th. They issued an “outperform” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $18.00.
Ares Capital (NASDAQ:ARCC) last released its earnings results on Tuesday, February 13th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. Ares Capital had a net margin of 57.50% and a return on equity of 8.43%. The business had revenue of $307.00 million for the quarter, compared to analysts’ expectations of $301.38 million. During the same period last year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. research analysts expect that Ares Capital will post 1.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 9.76%. Ares Capital’s dividend payout ratio is presently 96.82%.
In related news, CFO Penelope F. Roll bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were acquired at an average cost of $15.81 per share, with a total value of $47,430.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 3,600 shares of company stock worth $56,996 over the last three months. Corporate insiders own 0.45% of the company’s stock.
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Ares Capital Company Profile
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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