Ares Capital Corporation (NASDAQ:ARCC) : 7 brokerage houses believe that Ares Capital Corporation (NASDAQ:ARCC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Ares Capital Corporation (NASDAQ:ARCC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.33.
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.
For the current week, the company shares have a recommendation consensus of Buy.
Ares Capital Corporation (NASDAQ:ARCC): stock turned positive on Tuesday. Though the stock opened at $14, the bulls momentum made the stock top out at $14.17 level for the day. The stock recorded a low of $13.93 and closed the trading day at $14.11, in the green by 1.73%. The total traded volume for the day was 2,044,965. The stock had closed at $13.87 in the previous days trading.
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.