Ares Capital Corporation (ARCC) Given Daily Media Sentiment Rating of 0.19
News coverage about Ares Capital Corporation (NASDAQ:ARCC) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ares Capital Corporation earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 46.0190632287131 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Ares Capital Enters Oversold Territory (nasdaq.com)
- Ares Capital Corp (ARCC): Bollinger Bands Signal Update – Financial News Review (finnewsreview.com)
- Still Good Values Despite High Market – Streetwise Reports (registration) (streetwisereports.com)
- LPC: Falling loan pricing and repayments weigh on BDC earnings (PNNT, ARCC) – Markets Insider (markets.businessinsider.com)
Shares of Ares Capital Corporation (NASDAQ:ARCC) opened at 15.89 on Friday. The stock’s 50 day moving average price is $16.37 and its 200-day moving average price is $16.92. Ares Capital Corporation has a 52-week low of $15.01 and a 52-week high of $17.87.
Ares Capital Corporation (NASDAQ:ARCC) last issued its earnings results on Wednesday, August 2nd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $284 million during the quarter, compared to analyst estimates of $297.77 million. Ares Capital Corporation had a net margin of 44.61% and a return on equity of 8.95%. During the same quarter last year, the company posted $0.50 EPS. Equities research analysts expect that Ares Capital Corporation will post $1.40 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.38 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.57%. Ares Capital Corporation’s dividend payout ratio (DPR) is presently 117.83%.
Several analysts have recently issued reports on ARCC shares. BidaskClub cut Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. National Securities upgraded Ares Capital Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.00 to $19.00 in a research note on Monday, May 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $19.50 price objective on shares of Ares Capital Corporation in a research note on Friday, July 14th. Janney Montgomery Scott reiterated a “neutral” rating on shares of Ares Capital Corporation in a research note on Friday, May 5th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $15.00 price objective on shares of Ares Capital Corporation in a research note on Thursday, June 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Ares Capital Corporation currently has a consensus rating of “Buy” and an average target price of $18.00.
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About Ares Capital Corporation
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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