News headlines about Ares Capital Corporation (NASDAQ:ARCC) have trended positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ares Capital Corporation earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 80 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Ares Management LP (NYSE:ARES) Given News Impact Rating of 0.26 (ismboard.com)
- Ares Capital Corporation (NASDAQ:ARCC) showed weekly volitility of 0.88% (lazeresportes.com)
- Comparing OFS Capital Corporation (OFS) and Ares Capital Corporation (NASDAQ:ARCC) (americanbankingnews.com)
- Why Should Investors Reconsider Santander Consumer USA Holdings Inc. (SC) And Ares Capital Corporation (ARCC)? – AllStockNews (allstocknews.com)
- Ares Capital Corporation Schedules Earnings Release for the Second Quarter … (digitaljournal.com)
Several analysts have recently commented on the stock. BidaskClub upgraded shares of Ares Capital Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Janney Montgomery Scott reiterated a “neutral” rating on shares of Ares Capital Corporation in a report on Monday, May 15th. Zacks Investment Research downgraded shares of Ares Capital Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BMO Capital Markets reiterated a “hold” rating and issued a $15.00 target price on shares of Ares Capital Corporation in a report on Tuesday, April 11th. Finally, TheStreet downgraded shares of Ares Capital Corporation from a “b” rating to a “c+” rating in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Ares Capital Corporation has a consensus rating of “Buy” and an average price target of $17.94.
Ares Capital Corporation (NASDAQ ARCC) opened at 16.33 on Monday. Ares Capital Corporation has a 52-week low of $13.96 and a 52-week high of $17.87. The company’s 50-day moving average is $16.52 and its 200 day moving average is $16.98.
Ares Capital Corporation (NASDAQ:ARCC) last issued its earnings results on Wednesday, May 3rd. The investment management company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.04. Ares Capital Corporation had a return on equity of 9.32% and a net margin of 44.29%. The business had revenue of $275 million during the quarter, compared to analysts’ expectations of $294.92 million. During the same period last year, the firm posted $0.42 EPS. On average, analysts forecast that Ares Capital Corporation will post $1.46 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 9.31%. The ex-dividend date was Tuesday, June 13th. Ares Capital Corporation’s dividend payout ratio (DPR) is 110.95%.
About Ares Capital Corporation
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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