Ares Capital (ARCC) Getting Somewhat Favorable Media Coverage, Report Finds

News articles about Ares Capital (NASDAQ:ARCC) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ares Capital earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 46.2318788058565 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Shares of Ares Capital (NASDAQ:ARCC) traded up $0.11 during trading hours on Friday, hitting $16.03. 1,840,100 shares of the company’s stock were exchanged, compared to its average volume of 2,110,000. The firm has a market capitalization of $6,830.00, a PE ratio of 12.72, a price-to-earnings-growth ratio of 3.36 and a beta of 0.63. Ares Capital has a 52 week low of $15.60 and a 52 week high of $17.87. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.66.

Ares Capital (NASDAQ:ARCC) last issued its earnings results on Thursday, November 2nd. The investment management company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The company had revenue of $294.00 million for the quarter, compared to analysts’ expectations of $295.02 million. Ares Capital had a net margin of 45.78% and a return on equity of 8.60%. During the same period in the prior year, the company earned $0.43 earnings per share. sell-side analysts predict that Ares Capital will post 1.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.48%. Ares Capital’s dividend payout ratio (DPR) is 120.63%.

Several research firms recently issued reports on ARCC. Zacks Investment Research raised shares of Ares Capital from a “sell” rating to a “hold” rating in a report on Monday. TheStreet raised shares of Ares Capital from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Compass Point started coverage on shares of Ares Capital in a report on Wednesday, December 6th. They set a “buy” rating and a $17.50 target price on the stock. BidaskClub cut shares of Ares Capital from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th. Finally, Wedbush started coverage on shares of Ares Capital in a report on Monday, November 27th. They set an “outperform” rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $18.00.

In other news, Director Michael J. Arougheti purchased 8,365 shares of the stock in a transaction dated Friday, November 3rd. The stock was acquired at an average price of $15.85 per share, for a total transaction of $132,585.25. Following the completion of the transaction, the director now owns 937,054 shares of the company’s stock, valued at $14,852,305.90. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have bought 8,965 shares of company stock valued at $142,315 in the last 90 days. Insiders own 0.45% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Ares Capital (NASDAQ:ARCC)

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