Ares Capital Corporation (NASDAQ:ARCC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.33 by 9 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.
Ares Capital Corporation (NASDAQ:ARCC) stock has received a short term price target of $ 16.69 from 9 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $1.2. The higher estimate of target price is $18 , while the lower price target estimate is $15
Ares Capital Corporation (NASDAQ:ARCC) rose 0.57% or 0.08 points on Tuesday and made its way into the gainers of the day. After trading began at $14.18 the stock was seen hitting $14.28 as a peak level and $14.07 as the lowest level. The stock ended up at $14.21. The daily volume was measured at 1,795,722 shares. The 52-week high of the share price is $16.72 and the 52-week low is $11.01. The company has a market cap of $4,461 million.
Shares of Ares Capital Corporation appreciated by 1.43% during the last five trading days but lost 3.93% on a 4-week basis. Ares Capital Corporation is up 1.69% in the last 3-month period. Year-to-Date the stock performance stands at 5.26%.
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.