Ares Capital Corporation (NASDAQ:ARCC) : Currently there are 9 street experts covering Ares Capital Corporation (NASDAQ:ARCC) stock. The most bullish and bearish price target for the stock is $18 and $15 respectively for the short term. The average price target of all the analysts comes to $16.69. The estimated standard deviation from the target is $1.2.
Ares Capital Corporation has lost 1.66% in the last five trading days and dropped 2.13% in the last 4 weeks. Ares Capital Corporation has dropped 3.36% during the last 3-month period . Year-to-Date the stock performance stands at 5.19%.
Ares Capital Corporation (NASDAQ:ARCC) has an average broker rating of 1.33, which is interpreted as a Strong Buy, as rated by 9 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Ares Capital Corporation (NASDAQ:ARCC): The stock opened at $14.52 on Thursday but the bulls could not build on the opening and the stock topped out at $14.55 for the day. The stock traded down to $14.08 during the day, due to lack of any buying support eventually closed down at $14.20 with a loss of -1.05% for the day. The stock had closed at $14.35 on the previous day. The total traded volume was 4,796,281 shares.
In an insider trading activity, Bartlett Steve, director of Ares Capital Corp, executed a transaction worth $2,840 on June 20, 2016. A total of 200 shares were purchased at an average price of $14.2. The Insider information was divulged by the Securities and Exchange Commission 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.