In the latest trading session, 4.59 million Ares Capital Corp (NASDAQ:ARCC) shares changed hands as the company’s beta touched 1.06. With the company’s most recent per share price at $22.51 changed hands at -$1.3 or -5.44% at last look, the market valuation stands at $14.55B. ARCC’s current price is a discount, trading about -5.91% off its 52-week high of $23.84. The share price had its 52-week low at $19.32, which suggests the last value was 14.17% up since then. When we look at Ares Capital Corp’s average trading volume, we note the 10-day average is 4.38 million shares, with the 3-month average coming to 4.51 million.
Analysts gave the Ares Capital Corp (ARCC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.64. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended ARCC as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Ares Capital Corp’s EPS for the current quarter is expected to be 0.55.
Ares Capital Corp (NASDAQ:ARCC) trade information
Instantly ARCC was in red as seen in intraday trades today. With action -2.87%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 2.86%, with the 5-day performance at -2.87% in the red. However, in the 30-day time frame, Ares Capital Corp (NASDAQ:ARCC) is 1.51% up. Looking at the short shares, we see there were 18.0 million shares sold at short interest cover period of 3.56 days.
The consensus price target for the stock as assigned by Wall Street analysts is 21.75, meaning bulls need a downside of -3.49% from its recent market value. According to analyst projections, ARCC’s forecast low is 20 with 24 as the target high. To hit the forecast high, the stock’s price needs a -6.62% plunge from its current level, while the stock would need to tank 11.15% for it to hit the projected low.
Ares Capital Corp (ARCC) estimates and forecasts
Data shows that the Ares Capital Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 13.71% over the past 6 months, a -0.42% in annual growth rate that is considerably higher than the industry average of -8.80%. Year-over-year growth is forecast to reach 4.88% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 779.04M. 10 analysts are of the opinion that Ares Capital Corp’s revenue for the current quarter will be 782.61M. The company’s revenue for the corresponding quarters a year ago was 701M and 755M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.13%. The estimates for the next quarter sales put growth at 3.66%.
The 2025 estimates are for Ares Capital Corp earnings to decrease by -1.19%.
ARCC Dividends
Ares Capital Corp is expected to release its next quarterly earnings report in March. The 8.53% annual yield figure for the share gives it an annual dividend of 1.92. It is important to note, however, that the 8.53% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 9.28 per year.
Ares Capital Corp (NASDAQ:ARCC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.53% of Ares Capital Corp shares while 30.41% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 30.57%. There are 30.41% institutions holding the Ares Capital Corp stock share, with MORGAN STANLEY the top institutional holder. As of 2024-06-30, the company held 2.7091% of the shares, roughly 16.01 million ARCC shares worth $333.66 million.
VAN ECK ASSOCIATES CORP holds the second largest percentage of outstanding shares, with 1.9765% or 11.68 million shares worth $243.43 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were VanEck ETF Trust -VanEck BDC Income ETF and Fidelity Dividend Growth Fund. With 12.94 shares estimated at $293.4 million under it, the former controlled 2.00% of total outstanding shares. On the other hand, Fidelity Dividend Growth Fund held about 0.49% of the shares, roughly 3.19 shares worth around $72.34 million.
