Ares Capital Corporation (NASDAQ:ARCC) : The highest short term price target forecast on Ares Capital Corporation (NASDAQ:ARCC) is $18 and the lowest target price is $15. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $16.69 with a standard deviation of $1.2.
Ares Capital Corporation (NASDAQ:ARCC): stock turned positive on Thursday. Though the stock opened at $14.36, the bulls momentum made the stock top out at $14.47 level for the day. The stock recorded a low of $14.28 and closed the trading day at $14.44, in the green by 1.12%. The total traded volume for the day was 2,586,576. The stock had closed at $14.28 in the previous days trading.
On the companys insider trading activities, Bartlett Steve, director of Ares Capital Corp, had purchased 200 shares on May 20, 2016. The total value of the transaction was $3,024. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Ares Capital Corporation is a specialty finance company that is engaged in closed-end, non-diversified management investment businesses. The Companys investment objective is to generate both current income and capital appreciation through debt and equity investments, investing invest primarily in United States middle-market companies. The Company primarily has three areas of focus: Corporate, non-syndicated senior debt, mezzanine debt and non-control equity to middle-market companies; Project Finance: high yield senior and mezzanine debt to finance power generation projects; Venture Finance, senior secured loans to early-stage and emerging growth companies backed by venture capital firms. The Company invests in sectors, such as Healthcare Services, Business Services, Education, Energy, Restaurants and Food Services, Financial Services among others. The Company is externally managed by its investment adviser, Ares Capital Management LLC.