Ares Capital Corporation [ARCC] Stock trading around $17.84 per share: What’s Next?


Ares Capital Company [NASDAQ: ARCC] It fell by -0.68 USD during the normal trading session on Thursday and reached a high of 18.63 USD on the day while closing the day at 17.84 USD. Company report on 28 July 2022 Ares Capital Corporation’s IPO prices.

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Ares Capital Corporation (Nasdaq: ARCC) has announced that it has priced a public offering of 8,000,000 shares of its common stock. Ares Capital has given underwriters the option to purchase up to 1,200,000 additional shares of common stock. The offering is subject to usual closing conditions and is expected to close on August 2, 2022. The shares are being offered pursuant to Ares Capital’s shelf registration statement submitted to the Securities and Exchange Commission on June 3, 2021, which is automatically effective upon deposit. On July 28, 2022, the official closing price for Ares Capital common stock on the NASDAQ Global Select Market under the symbol “ARCC” was $20.11 per share.

Both Morgan Stanley & Co. LLC, BofA Securities, UBS Investment Bank, RBC Capital Markets, LLC, and Wells Fargo Securities, as joint lead bookrunners for this offering. Keefe Bruyette & Woods, A Stifel Company, Raymond James & Associates, Inc. As co-managers to manage the books for this show. Goldman Sachs & Co. LLC, Janney Montgomery Scott LLC, JP Morgan, Oppenheimer & Co. Inc. Academy Securities, Inc. , Compass Point Research & Trading, LLC, Loop Capital Markets LLC, Samuel A. Ramirez & Company, Inc. , Siebert Williams Shank & Co., LLC and R. Seelaus & Co., LLC as co-managers of this offering.

Ares Capital Corporation stock has also lost -6.55% of its value over the past seven days. However, ARCC stock is up 2.10% in the three months of the year. Over the past six months, it has lost -12.70% and lost -15.41% year over year.

The market capitalization of ARCC shares was $9.02 billion, of which 505.44 million shares are outstanding and 497.17 million shares are in current float. Compared to an average trading volume of 2.49 million shares, ARCC reached a trading volume of 326,1351 on the last trading day, which is why market watchers consider the stock to be active.

Here’s what leading stock market gurus are saying about Ares Capital Corporation [ARCC]:

Based on careful, fact-backed analysis by Wall Street experts, the current consensus on ARCC’s stock price target is $21.54 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for ARCC stock is a set recommendation at 1.60. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

Hovde Group has made an estimate for Ares Capital Corporation stock, while maintaining its opinion of the stock as Outperform, with their previous recommendation back on April 28, 2022. The new note about price target was issued on April 27, 2022, officially representing the Ares Capital Corporation stock price target. Previously, the target price had risen again to $22.50, while Hovde Group analysts maintained their market performance rating on ARCC stock.

The Average True Range (ATR) for Ares Capital Corporation is set at 0.41, with the ARCC stock price-to-sales ratio for the past twelve months at 4.77. The price-to-book ratio for the last quarter was 0.95.

ARCC stock trading performance evaluation

Ares Capital Company [ARCC] It fell into the red at the end of last week, fell in a negative direction and fell by -6.55. With this latest performance, ARCC shares are down -11.72% over the past four-week period, as well as -12.70% over the past six months — not to mention a -11.18% drop in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for ARCC stock for the last two weeks was set at 27.32, with the RSI for the last one traded at 19.72, and the three-week RSI was set at 33.06 for Ares Capital Corporation [ARCC]. The current moving average of the last 50 trading days for this stock is 19.67, while it recorded at 18.58 for the last trading week, and 20.23 for the last 200 days.

Earnings per share (EPS) analysis for Ares Capital Corporation [ARCC] stock

The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on a 5-year EPS growth forecast for ARCC. When it comes to the stated value, analysts expect Ares Capital Corporation’s 5-year EPS growth rate to rise to -0.90%.

Ares Capital Company [ARCC]: Insiders ownership positions

There are currently approximately $3,285 million, or 33.74% of ARCC’s stock, in the hands of institutional investors. The three largest corporate owners of ARCC shares are: GOLDMAN SACHS GROUP INC with 17,067,169 ownership, which is approximately 1,427.795% of the company’s market capitalization and approximately 1.40% of the total corporate ownership; Morgan Stanley, who owns 11,576,287 shares with an approximate value of $206.52 million in ARCC stock; and ROYAL BANK OF CANADA, currently worth $192.38 million in ARCC stock with ownership of approximately 4.486% of the company’s market capitalization.

Positions in Ares Capital Corporation shares held by institutional investors increased at the end of July and at the time of the July report, with 346 institutional owners consolidating their positions in Ares Capital Corporation [NASDAQ:ARCC] About 3,755,395 shares. In addition, the number of 225 investors decreased by 1,0890.796 shares, while 124 investors occupied positions by 135677124 shares. The said changes put institutional holdings at 1,841,125,315 shares, according to the latest report from the Securities and Exchange Commission. ARCC had 61 new institutional investments totaling 6,875,861 shares, while 56 institutional investors sold positions totaling 2,716,187 shares during the same period.

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