Ares Capital Corporation [ARCC] Stock trading around $18.85 per share: What’s Next?

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Ares Capital Corporation [NASDAQ: ARCC] stock went on an upward path that rose over 1.02% on Thursday, amounting to a one-week price increase of more than 5.48%. The company report on July 1, 2022 that Ares Capital Corporation Schedules Earnings Release for the Second Quarter Ended June 30, 2022.


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Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it will report earnings for the second quarter ended June 30, 2022 on Tuesday, July 26, 2022 prior to the opening of the Nasdaq Global Select Market. Ares Capital invites all interested persons to attend its webcast/conference call at 12:00 p.m. (Eastern Time) on the same day to discuss its second quarter ended June 30, 2022 financial results.

All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at www.arescapitalcorp.com. Please visit the website to test your connection before the webcast. Domestic callers can access the conference call toll free by dialing +1 (844) 200-6205. International callers can access the conference call by dialing +1 (929) 526-1599. All callers will need to enter access code 857594. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected. For interested parties, an archived replay of the call will be available approximately one hour after the end of the call through August 9, 2022 at 5:00 p.m. (Eastern Time) to domestic callers by dialing toll free +1 (866) 813-9403 and to international callers by dialing +44 204 525 0658. For all replays, please reference access code 715312. An archived replay will also be available through August 9, 2022 on a webcast link located on the Home page of the Investor Resources section of Ares Capital’s website.

Over the last 12 months, ARCC stock dropped by -5.12%. The one-year Ares Capital Corporation stock forecast points to a potential upside of 15.43. The average equity rating for ARCC stock is currently 1.60, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $8.69 billion, with 460.75 million shares outstanding. Compared to the average trading volume of 3.70M shares, ARCC stock reached a trading volume of 2574782 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Ares Capital Corporation [ARCC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARCC shares is $22.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARCC stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Hovde Group have made an estimate for Ares Capital Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 28, 2022. The new note on the price target was released on April 27, 2022, representing the official price target for Ares Capital Corporation stock. Previously, the target price had yet another raise to $22.50, while Hovde Group analysts kept a Market Perform rating on ARCC stock.

The Average True Range (ATR) for Ares Capital Corporation is set at 0.48, with the Price to Sales ratio for ARCC stock in the period of the last 12 months amounting to 4.64. The Price to Book ratio for the last quarter was 1.02.

ARCC Stock Performance Analysis:

Ares Capital Corporation [ARCC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.48. With this latest performance, ARCC shares dropped by -4.74% in over the last four-week period, additionally sinking by -10.93% over the last 6 months – not to mention a drop of -5.12% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARCC stock in for the last two-week period is set at 53.88, with the RSI for the last a single of trading hit 60.11, and the three-weeks RSI is set at 50.28 for Ares Capital Corporation [ARCC]. The present Moving Average for the last 50 days of trading for this stock 19.03, while it was recorded at 18.62 for the last single week of trading, and 20.55 for the last 200 days.

Insight into Ares Capital Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Ares Capital Corporation [ARCC] shares currently have an operating margin of +95.60 and a Gross Margin at +68.72. Ares Capital Corporation’s Net Margin is presently recorded at +74.94.

Return on Equity for this stock inclined to 19.53, with Return on Assets sitting at 8.46.

ARCC Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ARCC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ares Capital Corporation go to -0.90%.

Ares Capital Corporation [ARCC] Insider Position Details

There are presently around $3,025 million, or 30.96% of ARCC stock, in the hands of institutional investors. The top three institutional holders of ARCC stocks are: MORGAN STANLEY with ownership of 11,158,331, which is approximately 3.789% of the company’s market cap and around 1.21% of the total institutional ownership; ROYAL BANK OF CANADA, holding 10,320,655 shares of the stock with an approximate value of $192.58 million in ARCC stocks shares; and OMERS ADMINISTRATION CORP, currently with $107.82 million in ARCC stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Ares Capital Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 324 institutional holders increased their position in Ares Capital Corporation [NASDAQ:ARCC] by around 26,844,023 shares. Additionally, 229 investors decreased positions by around 9,738,399 shares, while 138 investors held positions by with 125,540,108 shares. The mentioned changes placed institutional holdings at 162,122,530 shares, according to the latest SEC report filing. ARCC stock had 71 new institutional investments in for a total of 14,183,160 shares, while 54 institutional investors sold positions of 1,112,609 shares during the same period.

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