Ares Capital Corporation (NASDAQ:ARCC) registered a -0.47% decrease, still its new closing price is 51.80% up from the company’s 1 year high of 17.05.It posted -0.47% losses in previous 5 sessions and is now the subject of 5 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 15 stock analysts following this company have an average price target at $17.00, with individual PT in the $15.00-$18.00 range. The shares moved at $16.89, implying that brokerage firms see shares gaining about 36.40% in twelve months time.
Ares Capital Corporation (ARCC) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 2.43% rise year to date. A Director at Ares Capital Corporation (ARCC) acquired shares in a transaction closed on Tuesday December 20, 2016. BARTLETT STEVE bought 200 shares in the company at $16 each and collected $3,000 in proceeds. BARTLETT STEVE now owns 7,200 shares in the company after this transaction. A Director in the company, BARTLETT STEVE, disclosed a transaction on Monday November 21, 2016 that ended up paying $3,000 from the purchase of 200 shares at $15.78 per share.
Ares Capital Corporation (NASDAQ:ARCC) Upcoming Results on Tap
Ares Capital Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.40 in that period. Sales during the quarter are predicted to arrive at $271.13 million.
Earnings surprise history: Last quarter, the company posted approximately $258.67 million in revenue and EPS of $0.43. The mean forecast was for $244.87 million and $0.39 a share, respectively. One quarter earlier, revenue for the stock was at $245.26 million, with earnings at $0.39/share.
Ares Capital Corporation (ARCC) Brokerage Update
Ares Capital Corporation (ARCC) is in Macquarie’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Neutral by Macquarie, according to news reported on Thursday October 01, 2015.Another important research note was issued by Raymond James on Friday August 28, 2015.The firm upgraded ARCC to Outperform from Mkt Perform. Over the last six months and over the last three months, the shares of Ares Capital Corporation (ARCC), have changed 15.03% and 13.98%, respectively.