Ares Capital (NASDAQ:ARCC) Shares Unloaded Rep. Pete Sessions

Representative Pete Sessions (Republican-Texas) recently sold shares of Ares Capital Corporation (NASDAQ:ARCC). In a filing disclosed on July 24th, the Representative disclosed that they had sold between $1,001 and $15,000 in Ares Capital stock on July 24th. The trade occurred in the Representative’s “IRA ONE” account.

Ares Capital Stock Performance

ARCC stock opened at $18.89 on Tuesday. Ares Capital Corporation has a one year low of $17.40 and a one year high of $23.12. The firm has a market cap of $13.56 billion, a price-to-earnings ratio of 11.59 and a beta of 0.56. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a 50-day simple moving average of $18.66 and a two-hundred day simple moving average of $18.94.

Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Tuesday, April 28th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $763.00 million during the quarter, compared to analysts’ expectations of $778.00 million. Ares Capital had a return on equity of 9.85% and a net margin of 37.30%.The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. On average, equities analysts forecast that Ares Capital Corporation will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ARCC. Royal Bank Of Canada lowered their price objective on Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Truist Financial reduced their target price on Ares Capital from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Ares Capital in a report on Tuesday, June 9th. Oppenheimer lowered their price target on Ares Capital from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods dropped their price target on Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.60.

Institutional Investors Weigh In On Ares Capital

A number of institutional investors have recently modified their holdings of ARCC. Palladiem LLC purchased a new position in Ares Capital during the fourth quarter valued at $26,000. SWAN Capital LLC purchased a new stake in shares of Ares Capital in the third quarter valued at approximately $27,000. Sankala Group LLC purchased a new stake in shares of Ares Capital in the fourth quarter valued at approximately $28,000. Core Wealth Advisors LLC acquired a new stake in shares of Ares Capital in the fourth quarter valued at approximately $33,000. Finally, Quarry LP acquired a new stake in shares of Ares Capital in the third quarter valued at approximately $33,000. 27.38% of the stock is currently owned by institutional investors and hedge funds.

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas’ 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas’ 17th Congressional District. He won in the general election on November 5, 2024.

On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023.

Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions’ career experience includes working as an executive with AT&T.

Ares Capital Company Profile

Ares Capital Corporation (NASDAQ: ARCC) is a publicly traded business development company (BDC) that specializes in providing debt and equity financing solutions to U.S. middle-market companies. As a BDC, Ares Capital offers investors access to a diversified portfolio of tailored credit investments, including senior secured loans, unitranche financing, mezzanine debt and equity co-investments. The firm’s flexible capital structures are designed to support companies seeking growth capital, refinancing or strategic acquisitions.

Through its credit platform, Ares Capital focuses on originations, underwriting and portfolio management across a range of industries, with a particular emphasis on sectors such as healthcare, technology, industrials and business services.