Brokerages Set Ares Capital Corporation (NASDAQ:ARCC) PT at $20.75

Shares of Ares Capital Corporation (NASDAQ:ARCCGet Free Report) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $20.75.

Several brokerages recently issued reports on ARCC. Citizens Jmp cut their target price on shares of Ares Capital from $23.00 to $22.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. B. Riley Financial cut their target price on shares of Ares Capital from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Oppenheimer cut their target price on shares of Ares Capital from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. UBS Group cut their target price on shares of Ares Capital from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Finally, Wells Fargo & Company cut their target price on shares of Ares Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th.

Get Our Latest Report on Ares Capital

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Palladiem LLC acquired a new position in Ares Capital during the fourth quarter worth $26,000. SWAN Capital LLC acquired a new position in Ares Capital during the third quarter worth $27,000. Sankala Group LLC acquired a new position in Ares Capital during the fourth quarter worth $28,000. NBT Bank N A NY acquired a new position in Ares Capital during the third quarter worth $31,000. Finally, Core Wealth Advisors LLC acquired a new position in Ares Capital during the fourth quarter worth $33,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Stock Up 0.9%

Shares of NASDAQ ARCC opened at $18.94 on Friday. The firm has a market cap of $13.60 billion, a PE ratio of 11.62 and a beta of 0.58. Ares Capital has a 12-month low of $17.40 and a 12-month high of $23.42. The company’s fifty day simple moving average is $18.49 and its 200 day simple moving average is $19.55. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.13.

Ares Capital (NASDAQ:ARCCGet Free Report) last issued its earnings results on Tuesday, April 28th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $763.00 million for the quarter, compared to the consensus estimate of $778.00 million. Ares Capital had a return on equity of 9.85% and a net margin of 37.30%.The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 earnings per share. As a group, sell-side analysts forecast that Ares Capital will post 1.91 earnings per share for the current fiscal year.

Ares Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.92 annualized dividend and a yield of 10.1%. Ares Capital’s dividend payout ratio is currently 117.79%.

About Ares Capital

(Get Free Report)

Ares Capital Corporation (NASDAQ: ARCC) is a publicly traded business development company (BDC) that specializes in providing debt and equity financing solutions to U.S. middle-market companies. As a BDC, Ares Capital offers investors access to a diversified portfolio of tailored credit investments, including senior secured loans, unitranche financing, mezzanine debt and equity co-investments. The firm’s flexible capital structures are designed to support companies seeking growth capital, refinancing or strategic acquisitions.

Through its credit platform, Ares Capital focuses on originations, underwriting and portfolio management across a range of industries, with a particular emphasis on sectors such as healthcare, technology, industrials and business services.

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Analyst Recommendations for Ares Capital (NASDAQ:ARCC)

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