Ares Capital Corporation (ARCC) : 9 analysts are covering Ares Capital Corporation (ARCC) and their average rating on the stock is 1.11, which is read as a Strong Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Ares Capital Corporation (ARCC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.
Ares Capital Corporation (ARCC) : 9 Wall Street analysts covering Ares Capital Corporation (ARCC) believe that the average level the stock could reach for the short term is $16.81. The maximum price target given is $18 and the minimum target for short term is around $15, hence the standard deviation is calculated at $1.27.
For the current week, the company shares have a recommendation consensus of Buy. Ares Capital Corporation (NASDAQ:ARCC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.47 and $15.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.47, notching a gain of 0.39% for the day. The total traded volume was 1,436,844 . The stock had closed at $15.41 on the previous day.
In a related news, Bartlett Steve, director of Ares Capital Corp, had purchased 200 shares on July 20, 2016. The total value of the transaction was $2,954. The information was disclosed with the SEC 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.