Ares Capital ARCC Stock Price Today, Quote & News
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It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Based on the average brokerage recommendation , Ares Capital should be added to one’s portfolio. Wall Street analysts’ overly optimistic recommendations cast doubt on the effectiveness of … © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
ARCC’s investment activities focus on industries such as software, health care services, commercial and professional services, diversified financials, etc. The company offers a range of debt instruments, from senior debt instruments to equity capital, focusing on senior secured debt and debt investments ranging from $10 million to $100 million. The company’s commitment and hold range is $30 to $500 million, and the EBITDA range is $10 to $250 million for corporate customers.
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Ares Capital declared a quarterly dividend on Tuesday, February 7th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.48 per share on Friday, March 31st. This represents a $1.92 annualized dividend and a yield of 11.04%. With its experienced investment committee, diverse industry investments and potential for long-term capital appreciation, ARCC is a unique finance provider in the specialty finance market. Business-development companies are like private equity funds for individual investors, but their robust payouts come with ample helpings of risk. Ares Capital’s stock was trading at $18.47 at the start of the year.
Financial Calendars
The fund also seeks board representation in its portfolio companies. Ares Capital Corp is a United States-based closed-ended specialty finance company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company focuses on investing primarily in U.S. middle-market companies with investment opportunities as well as in larger companies. Its portfolio comprises of first lien senior secured loans, second lien senior secured loans, and mezzanine debt , which may include equity components that are diversified by industry and sector.
The company may invest in preferred and common equity investments to a lesser proportion. Its revenue mainly consists of interest and dividend income received from the investment made. Ares Capital Corporation is a specialty finance company, which is a closed-end, non-diversified management investment company. It invests primarily in United States middle-market companies.
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Company Summary
Since then, ARCC shares have decreased by 5.8% and is now trading at $17.39. It pays a dividend yield of 10.79%, putting its dividend yield in the top 25% of dividend-paying stocks. The company’s average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings. Provide specific products and services to you, such as portfolio management or data aggregation. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity.
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The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Higher total investment income and decline in expenses support Ares Capital’s Q4 earnings. The average brokerage recommendation for Ares Capital is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-af…
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The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. The proceeds from the offering will repay outstanding debt from its debt facilities. Ares Capital may also use the money for general corporate purposes, such as investing in portfolio companies following its investment objective. As of December 31, 2022, https://day-trading.info/ Ares Capital is regulated as a business development company and is the largest publicly traded BDC by market capitalization. Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value.
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It invests primarily in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and subordinated debt, generally in a… The fund will also consider investments in industries such as restaura… Shareholder returns come from net interest and dividends from fee income, investments, and in some cases, net capital gains from equity investments. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
- MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
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- Ares Capital may also use the money for general corporate purposes, such as investing in portfolio companies following its investment objective.
P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Only 46 people have added Ares Capital to their MarketBeat watchlist in the last 30 days. 176 people have searched for ARCC on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.
On January 12, 2023, Ares Capital Corporation revealed its intention to make a public offering of 9 million shares of common stock with the possibility of an additional 1.35 million shares. This offering increased from their previous offering size of nine million shares and allowed the underwriters to purchase an additional 1.5 million shares. The necessary registration statement was filed with the Securities and Exchange Commission on June 3, 2021, and became effective on the day of filing. LLC, BofA Securities, UBS Investment Bank, RBC Capital Markets, LLC and Wells Fargo Securities were joint lead book-running managers.
Income Investing
They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.
Intraday data delayed at least 15 minutes or per exchange requirements. Investors love dividend stocks but there are different ways to look at them, including various “quality” approaches. Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies. According to 22 analysts, the average rating for ARCC stock is « Buy. » The 12-month stock price forecast is $21.6, which is an increase of 23.04% from the latest price.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year. These returns cover a period from January 1, 1988 through February 6, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
The industry with the best average Zacks Rank would be considered the top industry , which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.
7 analysts have issued 12-month target prices for Ares Capital’s stock. Their ARCC share price forecasts range from $19.00 to $23.00. On average, they expect the company’s stock price to reach $20.71 in the next twelve months. This suggests a possible upside of 19.1% from the stock’s current price. View analysts price targets for ARCC or view top-rated stocks among Wall Street analysts.
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