Ares Capital Corp (NASDAQ: ARCC) is -5.53% 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 $20.53 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $20.68, the stock is 1.28% and -3.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.74 million and changing 0.73% at the moment leaves the stock -4.09% off its SMA200. ARCC registered 0.68% gain for a year compared to 6-month loss of -2.18%.
The stock witnessed a 3.56% gain in the last 1 month and extending the period to 3 months gives it a -13.15%, and is 0.05% 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 2.01% over the week and 3.41% over the month.
Current P/E ratio is 8.48 and Fwd P/E is 10.23. Distance from 52-week low is 13.25% and -13.26% from its 52-week high.
The EPS is expected to shrink by -13.08% this year.
Ares Capital Corp (ARCC) Top Institutional Holders
The shares outstanding are 689.63M, and float is at 684.19M with Short Float at 2.73%.
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.
