Ares Capital (ARCC) Earning Somewhat Positive News Coverage, Study Finds

Media coverage about Ares Capital (NASDAQ:ARCC) has been trending somewhat positive on Monday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 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 earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 46.288927749248 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have impacted Accern’s rankings:

Shares of Ares Capital (NASDAQ ARCC) traded up $0.05 during trading on Monday, reaching $15.84. 1,410,000 shares of the company’s stock traded hands, compared to its average volume of 2,050,000. Ares Capital has a twelve month low of $15.60 and a twelve month high of $17.87. The company has a market capitalization of $6,750.00, a price-to-earnings ratio of 12.57, a PEG ratio of 3.36 and a beta of 0.63. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.66.

Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings data 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 firm had revenue of $294.00 million during the quarter, compared to analyst estimates 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 previous year, the business posted $0.43 EPS. analysts anticipate that Ares Capital will post 1.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.60%. Ares Capital’s payout ratio is 120.63%.

Several equities research analysts have issued reports on ARCC shares. Jefferies Group reiterated a “buy” rating and set a $19.50 target price on shares of Ares Capital in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Ares Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Citigroup started coverage on shares of Ares Capital in a research report on Wednesday, September 20th. They set an “outperform” rating and a $18.00 target price for the company. TheStreet upgraded shares of Ares Capital from a “c+” rating to a “b-” rating in a research report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods set a $19.00 target price on shares of Ares Capital and gave the company a “buy” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $18.00.

In other Ares Capital news, Director Michael J. Arougheti acquired 8,365 shares of the stock in a transaction dated Friday, November 3rd. The stock was purchased at an average cost of $15.85 per share, for a total transaction of $132,585.25. Following the acquisition, the director now owns 937,054 shares in the company, valued at approximately $14,852,305.90. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders bought 8,965 shares of company stock valued at $142,315. Company insiders own 0.45% of the company’s stock.

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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.

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

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