News articles about Ares Capital (NASDAQ:ARCC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ares Capital earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 46.4265891654086 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Stock inside Traders Spotlight: Ares Capital Corporation (ARCC) – The Stocks News (press release) (thestocksnews.com)
- Investors watching Unusual Volume on Ares Capital Corporation (ARCC) – Wall Street Morning (wallstreetmorning.com)
- Ares Capital Corporation (NASDAQ:ARCC) – P/E under Review – Nasdaq Journal (nasdaqjournal.com)
- Uncover High Dividend: Ares Capital Corporation (ARCC) stock Yield stands at 9.91% – Nasdaq Chronicle (nasdaqchronicle.com)
- Ares Capital Co. (ARCC) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
Several equities analysts have issued reports on ARCC shares. BidaskClub upgraded Ares Capital from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded Ares Capital from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. National Securities reiterated a “buy” rating and issued a $19.00 target price on shares of Ares Capital in a research note on Thursday, February 15th. Oppenheimer set a $18.00 target price on Ares Capital and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, TheStreet upgraded Ares Capital from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.00.
Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings results on Tuesday, February 13th. The investment management company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $307.00 million during the quarter, compared to the consensus estimate of $301.38 million. Ares Capital had a return on equity of 8.43% and a net margin of 57.50%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. analysts expect that Ares Capital will post 1.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 9.95%. The ex-dividend date is Wednesday, March 14th. Ares Capital’s dividend payout ratio is presently 96.82%.
In other news, CFO Penelope F. Roll bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was purchased at an average price of $15.81 per share, with a total value of $47,430.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Arougheti bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were purchased at an average cost of $15.60 per share, with a total value of $390,000.00. Following the acquisition, the insider now directly owns 984,535 shares of the company’s stock, valued at $15,358,746. The disclosure for this purchase can be found here. In the last three months, insiders acquired 28,600 shares of company stock valued at $446,996. 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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