Press coverage about Ares Capital Corporation (NASDAQ:ARCC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ares Capital Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the investment management company an impact score of 46.8793340597936 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Ares Capital Corporation – Clos (NASDAQ:ARCC) Sees Light Trading Volume with 15K Shares Changing Hands – First News 24 (firstnewspaper24.com)
- Ares Capital Corporation Sees Unusually High Options Volume (ARCC) (americanbankingnews.com)
- Keefe, Bruyette & Woods Reiterates “$19.00” Price Target for Ares Capital Corporation (ARCC) (americanbankingnews.com)
- How expensive a Ares Capital Corporation (ARCC) stock is? – Street Observer (press release) (streetobserver.com)
- Ares Capital Corporation Schedules Earnings Release for the Third Quarter Ended September 30, 2017 (finance.yahoo.com)
Several equities analysts have commented on ARCC shares. Zacks Investment Research lowered shares of Ares Capital Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $18.50 price objective on shares of Ares Capital Corporation in a research report on Friday, June 16th. BidaskClub upgraded shares of Ares Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. TheStreet lowered shares of Ares Capital Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, June 14th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $15.00 price objective on shares of Ares Capital Corporation in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. Ares Capital Corporation currently has a consensus rating of “Buy” and a consensus price target of $17.89.
Shares of Ares Capital Corporation (NASDAQ ARCC) opened at 16.58 on Wednesday. The stock has a 50 day moving average of $16.09 and a 200 day moving average of $16.55. Ares Capital Corporation has a 12-month low of $15.01 and a 12-month high of $17.87.
Ares Capital Corporation (NASDAQ:ARCC) last posted its earnings results on Wednesday, August 2nd. The investment management company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). Ares Capital Corporation had a net margin of 44.61% and a return on equity of 8.95%. The company had revenue of $284.00 million during the quarter, compared to analyst estimates of $297.77 million. During the same period in the previous year, the company earned $0.50 EPS. On average, analysts forecast that Ares Capital Corporation will post $1.40 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 9.17%. Ares Capital Corporation’s payout ratio is currently 117.83%.
Ares Capital Corporation 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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