What should you know before buying stock in Ares Capital Corp (ARCC)

Ares Capital Corp (NASDAQ: ARCC) is 2.90% higher on its value in year-to-date trading and has touched a low of $18.55 and a high of $21.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARCC stock was last observed hovering at around $20.75 in the last trading session, with the day’s loss setting it -0.14%.

Currently trading at $20.61, the stock is -0.56% and -0.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.01 million and changing -0.67% at the moment leaves the stock 0.20% off its SMA200. ARCC registered 6.73% gain for a year compared to 6-month gain of 2.79%.

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The stock witnessed a -1.62% loss in the last 1 month and extending the period to 3 months gives it a 0.15%, and is 1.18% up 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 1.23% over the week and 1.10% over the month.

Ares Capital Corp (ARCC) has around 2800 employees, a market worth around $12.99B and $2.76B in sales. Current P/E ratio is 7.24 and Fwd P/E is 9.25. Profit margin for the company is 60.93%. Distance from 52-week low is 11.14% and -5.63% from its 52-week high. The company has generated returns on investments over the last 12 months (6.64%).

The EPS is expected to grow by 0.48% this year.

Ares Capital Corp (ARCC) Top Institutional Holders

813.0 institutions hold shares in Ares Capital Corp (ARCC), with institutional investors hold 29.89% of the company’s shares. The shares outstanding are 630.39M, and float is at 626.75M with Short Float at 2.64%. Institutions hold 29.72% of the Float.

The top institutional shareholder in the company is MORGAN STANLEY with over 16.01 million shares valued at $333.66 million. The investor’s holdings represent 2.7091% of the ARCC Shares outstanding. As of 2024-06-30, the second largest holder is VAN ECK ASSOCIATES CORP with 11.68 million shares valued at $243.43 million to account for 1.9765 of the shares outstanding. The other top investors are BANK OF AMERICA CORP /DE/ which holds 6.65 million shares representing 1.126% and valued at over $138.68 million, while ROYAL BANK OF CANADA holds 0.9411 of the shares totaling 5.56 million with a market value of $115.91 million.