Ares Capital (ARCC) Earns Daily Coverage Optimism Score of -0.06

Press coverage about Ares Capital (NASDAQ:ARCC) has been trending somewhat negative this week, Alpha One Sentiment Analysis reports. The research group, a unit of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One 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 -0.06 on Alpha One’s scale. Alpha One also gave press coverage about the investment management company an impact score of 72 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the near future.

Here are some of the news stories that may have effected Alpha One Sentiment Analysis’s rankings:

ARCC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Ares Capital from a “buy” rating to a “hold” rating in a report on Monday, February 6th. BMO Capital Markets reiterated a “hold” rating and issued a $15.00 price objective on shares of Ares Capital in a report on Tuesday, April 11th. Citigroup Inc boosted their price objective on shares of Ares Capital from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, March 6th. National Securities boosted their price objective on shares of Ares Capital from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, February 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $19.50 price objective (up previously from $17.50) on shares of Ares Capital in a report on Thursday, February 23rd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.83.

Ares Capital (NASDAQ:ARCC) traded up 0.24% during midday trading on Thursday, hitting $16.89. 131,938 shares of the stock traded hands. Ares Capital has a 1-year low of $13.85 and a 1-year high of $17.87. The company has a 50-day moving average of $17.06 and a 200-day moving average of $16.86.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings results on Wednesday, May 3rd. The investment management company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.04. Ares Capital had a net margin of 40.83% and a return on equity of 9.57%. The company had revenue of $275 million during the quarter, compared to the consensus estimate of $294.92 million. During the same period last year, the company earned $0.42 earnings per share. On average, equities analysts anticipate that Ares Capital will post $1.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 9.02%. The ex-dividend date is Tuesday, June 13th. Ares Capital’s dividend payout ratio (DPR) is presently 115.15%.

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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.

12 Month Chart for NASDAQ:ARCC

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