News articles about Ares Capital (NASDAQ:ARCC) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ares Capital earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave press 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 effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Creditors seek to force candymaker NECCO into bankruptcy (bizjournals.com)
- Hot Stock under Consideration – Ares Capital Corporation, (NASDAQ: ARCC) (stocksnewstimes.com)
- Trading summary of Watch List stock – Ares Capital Corporation (ARCC) (wallstreetmorning.com)
- JPMorgan Chase Leads Upsize for Ares Capital (abladvisor.com)
- Form 8-K ARES CAPITAL CORP For: Apr 02 (streetinsider.com)
Shares of Ares Capital stock remained flat at $$16.02 on Friday. 388,920 shares of the stock were exchanged, compared to its average volume of 2,216,120. Ares Capital has a twelve month low of $15.03 and a twelve month high of $17.70. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $6,820.79, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 3.41 and a beta of 0.58.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 9.49%. The ex-dividend date of this dividend was Wednesday, March 14th. Ares Capital’s dividend payout ratio is currently 109.35%.
A number of brokerages have recently issued reports on ARCC. Oppenheimer set a $18.00 price target on shares of Ares Capital and gave the stock a “buy” rating in a report on Tuesday, February 13th. National Securities reiterated a “buy” rating and issued a $19.00 target price on shares of Ares Capital in a report on Thursday, February 15th. Zacks Investment Research upgraded shares of Ares Capital from a “sell” rating to a “hold” rating in a report on Monday, January 8th. TheStreet raised shares of Ares Capital from a “c+” rating to a “b-” rating in a research report on Tuesday, December 12th. Finally, BidaskClub upgraded shares of Ares Capital from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 7th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $18.00.
In other Ares Capital news, CFO Penelope F. Roll purchased 3,000 shares of Ares Capital stock in a transaction on Thursday, February 15th. The shares were bought at an average price of $15.81 per share, with a total value of $47,430.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Arougheti purchased 25,000 shares of Ares Capital stock in a transaction on Thursday, March 15th. The stock was acquired at an average cost of $15.60 per share, for a total transaction 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 have purchased 28,600 shares of company stock worth $447,042. 0.45% of the stock is owned by insiders.
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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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