Ares Capital Corporation [NASDAQ: ARCC] loss -0.46% on the last trading session, reaching $19.37 price per share at the time. The company report on January 19, 2023 that Ares Capital Corporation Appoints Jana Markowicz as Chief Operating Officer.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that Jana Markowicz was appointed as its Chief Operating Officer (COO). In this newly created role, Ms. Markowicz will also serve as COO of Ares Management’s (“Ares”) U.S. Direct Lending strategy where she will collaborate with the U.S. Direct Lending Co-Heads and Investment Committee members in the management of the team and strategy.
Ms. Markowicz joined Ares in 2005 as a member of the U.S. Direct Lending investment team, supporting in the negotiation and origination of private credit transactions. She has been instrumental in the growth of Ares’ U.S. Direct Lending strategy, serving as Partner, Head of Product Management and Investor Relations for this strategy and will continue to lead in this capacity as part of her new role. Prior to joining Ares 18 years ago, Ms. Markowicz started her career in Leveraged Finance at Citigroup, formerly Salomon Smith Barney, where she focused on financings for companies across a broad range of industries. She holds a B.S. from the University of Pennsylvania in Engineering, with a concentration in Economic and Financial Systems.
Ares Capital Corporation represents 517.46 million in outstanding shares, while the company has a total market value of $10.02 billion with the latest information. ARCC stock price has been found in the range of $19.1301 to $19.43.
If compared to the average trading volume of 2.88M shares, ARCC reached a trading volume of 2728062 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $20.87 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 1.80. 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 0.38, with the Price to Sales ratio for ARCC stock in the period of the last 12 months amounting to 5.05. The Price to Book ratio for the last quarter was 1.04.
Trading performance analysis for ARCC stock
Ares Capital Corporation [ARCC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.54. With this latest performance, ARCC shares gained by 6.55% in over the last four-week period, additionally sinking by -0.61% over the last 6 months – not to mention a drop of -6.74% 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 57.08, with the RSI for the last a single of trading hit 60.07, and the three-weeks RSI is set at 55.00 for Ares Capital Corporation [ARCC]. The present Moving Average for the last 50 days of trading for this stock 19.01, while it was recorded at 19.22 for the last single week of trading, and 19.20 for the last 200 days.
Ares Capital Corporation [ARCC]: A deeper dive into fundamental analysis
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.
Ares Capital Corporation [ARCC]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Ares Capital Corporation [ARCC]
There are presently around $3,309 million, or 32.39% of ARCC stock, in the hands of institutional investors. The top three institutional holders of ARCC stocks are: MORGAN STANLEY with ownership of 11,155,454, which is approximately -3.635% of the company’s market cap and around 1.40% of the total institutional ownership; ROYAL BANK OF CANADA, holding 11,000,113 shares of the stock with an approximate value of $213.07 million in ARCC stocks shares; and BANK OF AMERICA CORP /DE/, currently with $112.61 million in ARCC stock with ownership of nearly 14.525% of the company’s market capitalization.
Positions in Ares Capital Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 341 institutional holders increased their position in Ares Capital Corporation [NASDAQ:ARCC] by around 19,952,216 shares. Additionally, 225 investors decreased positions by around 28,207,680 shares, while 127 investors held positions by with 122,696,901 shares. The mentioned changes placed institutional holdings at 170,856,797 shares, according to the latest SEC report filing. ARCC stock had 75 new institutional investments in for a total of 8,474,611 shares, while 49 institutional investors sold positions of 1,765,228 shares during the same period.