Ares Capital (ARCC) Receives Media Impact Score of 0.17
Media stories about Ares Capital (NASDAQ:ARCC) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ares Capital earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 46.5122941509136 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment’s rankings:
- Ares Capital Co. (ARCC) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- Ares Capital (ARCC) Downgraded by BidaskClub to “Strong Sell” (nismagazine.com)
- Guide to Day Traders – Ares Capital Corporation, (NASDAQ: ARCC) – Stock Watch (stocksnewstimes.com)
- Ares Capital (ARCC) Research Coverage Started at Compass Point (americanbankingnews.com)
- Assessing Ares Capital’s Portfolio Investments in 3Q17 (finance.yahoo.com)
A number of brokerages have weighed in on ARCC. Wedbush began coverage on Ares Capital in a research report on Monday, November 27th. They issued an “outperform” rating and a $18.00 price target for the company. Zacks Investment Research cut Ares Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. National Securities reaffirmed a “buy” rating and issued a $19.00 price target on shares of Ares Capital in a research report on Friday, November 3rd. Citigroup began coverage on Ares Capital in a research report on Wednesday, September 20th. They issued an “outperform” rating and a $18.00 price target for the company. Finally, CIBC began coverage on Ares Capital in a research report on Thursday, September 21st. They issued an “outperform” rating and a $18.00 price target for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. Ares Capital has an average rating of “Buy” and an average price target of $18.00.
Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings data on Thursday, November 2nd. The investment management company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $294.00 million for the quarter, compared to analyst estimates of $295.02 million. Ares Capital had a return on equity of 8.60% and a net margin of 45.78%. During the same period in the previous year, the company posted $0.43 earnings per share. analysts predict that Ares Capital will post 1.38 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.38 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.23%. Ares Capital’s payout ratio is presently 119.69%.
In other Ares Capital news, Director Michael J. Arougheti acquired 8,365 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were acquired at an average cost of $15.85 per share, for a total transaction of $132,585.25. Following the completion of the purchase, the director now owns 937,054 shares of the company’s stock, valued at approximately $14,852,305.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 8,965 shares of company stock worth $142,323 over the last quarter. 0.45% of the stock is currently owned by corporate insiders.
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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.
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