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Ares Capital Corporation (ARCC) Volatility At 4.07%, Should You Add A Position?

Ares Capital Corporation (NASDAQ: ARCC) is -3.68% lower on its value in year-to-date trading and has touched a low of $16.51 and a high of $22.54 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ARCC stock was last observed hovering at around $17.39 in the last trading session, with the day’s gains setting it 0.4% off its average median price target of $21.00 for the next 12 months. It is also 25.88% off the consensus price target high of $24.00 offered by 15 analysts, but current levels are 11.05% higher than the price target low of $20.00 for the same period.

Currently trading at $17.79, the stock is -6.52% and -7.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.74 million and changing 2.30% at the moment leaves the stock -6.39% off its SMA200. ARCC registered -9.27% loss for a year compared to 6-month gain of -6.37%.

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The stock witnessed a -9.28% loss in the last 1 month and extending the period to 3 months gives it a -7.54%, and is -3.58% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.07% over the week and 2.05% over the month.

Current P/E ratio is 15.61 and Fwd P/E is 7.84. Distance from 52-week low is 7.78% and -21.08% from its 52-week high.

Ares Capital Corporation (ARCC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Ares Capital Corporation (ARCC) is a “Buy”. 15 analysts offering their recommendations for the stock have an average rating of 1.70, where 1 rate it as a Hold and 1 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Ares Capital Corporation is expected to release its quarterly report on 04/25/2023.The EPS is expected to grow by 17.80% this year

Ares Capital Corporation (ARCC) Top Institutional Holders

The shares outstanding are 531.37M, and float is at 522.91M with Short Float at 3.28%.

Ares Capital Corporation (ARCC) Insider Activity

A total of 0 insider transactions have happened at Ares Capital Corporation (ARCC) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by ROLL PENELOPE F, the company’s Chief Financial Officer. SEC filings show that ROLL PENELOPE F bought 2,500 shares of the company’s common stock on Sep 14 at a price of $19.04 per share for a total of $47600.0. Following the purchase, the insider now owns 54500.0 shares.

Ares Capital Corporation disclosed in a document filed with the SEC on Aug 31 that HENSON MARY BETH (Director) bought a total of 9,000 shares of the company’s common stock. The trade occurred on Aug 31 and was made at $19.77 per share for $0.18 million. Following the transaction, the insider now directly holds 20000.0 shares of the ARCC stock.

Still, SEC filings show that on Aug 03, ROLL PENELOPE F (Chief Financial Officer) acquired 25,000 shares at an average price of $19.77 for $0.49 million. The insider now directly holds 52,000 shares of Ares Capital Corporation (ARCC).

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