Ares Capital Corp (NASDAQ: ARCC) is -6.81% lower on its value in year-to-date trading and has touched a low of $18.26 and a high of $23.84 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 $19.90 in the last trading session, with the day’s gains setting it 0.5%.
Currently trading at $20.40, the stock is -2.20% and -6.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.12 million and changing 2.51% at the moment leaves the stock -5.45% off its SMA200. ARCC registered -0.10% loss for a year compared to 6-month gain of -5.47%. The firm has a 50-day simple moving average (SMA 50) of $21.8988 and a 200-day simple moving average (SMA200) of $21.57675.
The stock witnessed a -6.25% loss in the last 1 month and extending the period to 3 months gives it a -12.71%, and is 1.90% 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 2.16% over the week and 3.46% over the month.
Current P/E ratio is 8.36 and Fwd P/E is 9.60. Distance from 52-week low is 11.72% and -14.43% from its 52-week high.
with sales reaching $769.95M over the same period.The EPS is expected to shrink by -7.37% this year, but quarterly earnings will post 5.89% year-over-year. Quarterly sales are estimated to grow 9.84% in year-over-year returns.
Ares Capital Corp (ARCC) Top Institutional Holders
918.0 institutions hold shares in Ares Capital Corp (ARCC), with institutional investors hold 30.52% of the company’s shares. The shares outstanding are 684.48M, and float is at 679.04M with Short Float at 2.29%. Institutions hold 30.35% 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 2.5991% 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 1.0803% 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 Miller James Robert, the company’s Co-President. SEC filings show that Miller James Robert bought 40,000 shares of the company’s common stock on Mar 03 ’25 at a price of $23.32 per share for a total of $0.93 million. Following the purchase, the insider now owns 40000.0 shares.
Ares Capital Corp disclosed in a document filed with the SEC on Feb 11 ’25 that Bates Ann Torre (Director) bought a total of 6,000 shares of the company’s common stock. The trade occurred on Feb 11 ’25 and was made at $22.75 per share for $0.14 million. Following the transaction, the insider now directly holds 30000.0 shares of the ARCC stock.
