Ares Capital Corp (NASDAQ: ARCC) is 7.22% higher on its value in year-to-date trading and has touched a low of $19.32 and a high of $23.84 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 $23.35 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $23.47, the stock is 0.92% and 4.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.52 million and changing 0.51% at the moment leaves the stock 9.46% off its SMA200. ARCC registered 16.36% gain for a year compared to 6-month gain of 13.16%.
The stock witnessed a 1.25% loss in the last 1 month and extending the period to 3 months gives it a 8.76%, and is 3.37% 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 1.13% over the week and 1.45% over the month.
Current P/E ratio is 9.62 and Fwd P/E is 11.00. Distance from 52-week low is 21.48% and -1.55% from its 52-week high.
with sales reaching $769.32M over the same period.The EPS is expected to shrink by -7.17% this year, but quarterly earnings will post 5.89% year-over-year. Quarterly sales are estimated to grow 9.75% in year-over-year returns.
The shares outstanding are 671.48M, and float is at 665.85M with Short Float at 2.60%.
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 1.8963 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 0.9029 of the shares totaling 5.56 million with a market value of $115.91 million.
Ares Capital Corp (ARCC) Insider Activity
The most recent transaction is an insider purchase by Bates Ann Torre, the company’s Director. SEC filings show that Bates Ann Torre bought 6,000 shares of the company’s common stock on Feb 11 ’25 at a price of $22.75 per share for a total of $0.14 million. Following the purchase, the insider now owns 30000.0 shares.
