Ares Capital Corporation (NASDAQ:ARCC) Earns Average Broker Rating Of Outperform
Ares Capital Corporation (NASDAQ:ARCC) stock is presently standing at about $17.23 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 14 analysts covering the company is $18.50, which suggests the stock could still rise over 7 percent. The highest analyst price target is $19.50, which implies a rally of 87 percent. And a quick view of analyst notes show that 7 are rating the stock a buy while 3 rate ARCC a strong buy. There are 5 equity research firms advocating a Hold and 0 consider it Sell.
National Securities analysts provided their view on Ares Capital Corporation (NASDAQ:ARCC) recently. The rating firm issued a Neutral rating to this company in a research note released on Jun 28, 2016. Macquarie analysts disclosed their opinion on Ares Capital Corporation (NASDAQ:ARCC) recently. The rating firm gave a Outperform rating to this stock in a research note published on Oct 01, 2015. According to a research note disclosed on Aug 28, 2015, analysts at Raymond James have upped their rating on these shares from Mkt Perform to Outperform.
Ares Capital Corporation (NASDAQ:ARCC) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director BARTLETT STEVE Purchased 200 company shares for 3200, in a transaction on 2016-12-20. Following the transaction, the Director is left with a stake of 7,200 shares, currently valued at $124056. Meanwhile, Director BARTLETT STEVE purchased 200 shares worth $3160, through a transaction dated 2016-11-21. Following the completion of the transaction, the insider is left with a stake of 7,000 shares, amounting $120610. ARCC Director Kelly Daniel G Jr also purchased 7,500 shares, at a stock price of $15.33. This transaction occurred on 2016-11-04 totals $114980. After this transaction, the insider’s stake stands at 15,391 shares, with a market value of $265187.
Executives hold 0.40 percent of the stock. Michael J. Arougheti is one of the biggest insider owners in Ares Capital Corporation (NASDAQ:ARCC), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 786,876 shares which have current market value of around $13557873.48.Mitchell S. Goldstein is another major inside shareholder in the company. The insider owns 195,358 shares as of less than 0.1%, currently worth $3366018.34. Eric B. Beckman is ranked as third insider holder of the stock. This insider holds 180,865 shares with a market value around $3116303.95 as of recent close.
Ares Capital Corporation (NASDAQ:ARCC) Earnings Outlook
In Ares Capital Corporation (NASDAQ:ARCC)’s latest quarter, EPS moved to $0.42 from $0.43 in preceding quarter and revenues reached at $261.00M compared to $258.67M. Analysts had expected Ares Capital Corporation (NASDAQ:ARCC) to post net income of about $0.39 per share on $245.16M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.33 to $0.42. That is compared with the $0.37 in EPS it reported during the same period a year ago.