Ares Capital Corporation (NASDAQ: ARCC) kicked off on May 22, 2023, at the price of $18.82, up 0.27% from the previous trading day. During the day, the shares moved up to $18.88 and dropped to $18.70 before settling in for the closing price of $18.72. Over the past 52 weeks, ARCC has traded in a range of $16.51-$20.69.
While this was happening, its average annual earnings per share was recorded 13.90%. With a float of $537.74 million, this company’s outstanding shares have now reached $544.58 million.
In terms of profitability, gross margin is +78.60, operating margin of +53.30, and the pretax margin is +30.02.
Ares Capital Corporation (ARCC) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Asset Management Industry. The insider ownership of Ares Capital Corporation is 1.38%, while institutional ownership is 31.45%. The most recent insider transaction that took place on May 02, was worth 267,600. In this transaction Co-President of this company bought 15,000 shares at a rate of $17.84, taking the stock ownership to the 15,000 shares. Before that another transaction happened on Mar 16, when Company’s Chief Financial Officer bought 3,000 for $17.44, making the entire transaction worth $52,320. This insider now owns 60,500 shares in total.
Ares Capital Corporation (ARCC) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported $0.57 earnings per share (EPS), lower than consensus estimate (set at $0.59) by -$0.02. This company achieved a net margin of +27.50 while generating a return on equity of 6.51. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.58 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -0.90% during the next five years compared to 5.28% growth over the previous five years of trading.
Ares Capital Corporation (NASDAQ: ARCC) Trading Performance Indicators
Take a look at Ares Capital Corporation’s (ARCC) current performance indicators. Last quarter, stock had a price to sales ratio for the trailing twelve months stands at 4.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.28, a number that is poised to hit 0.57 in the next quarter and is forecasted to reach 2.23 in one year’s time.
Technical Analysis of Ares Capital Corporation (ARCC)
Looking closely at Ares Capital Corporation (NASDAQ: ARCC), its last 5-days average volume was 2.23 million, which is a drop from its year-to-date volume of 3.2 million. As of the previous 9 days, the stock’s Stochastic %D was 88.14%. Additionally, its Average True Range was 0.32.
During the past 100 days, Ares Capital Corporation’s (ARCC) raw stochastic average was set at 56.52%, which indicates a significant decrease from 91.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.97% in the past 14 days, which was lower than the 22.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.09, while its 200-day Moving Average is $18.84. However, in the short run, Ares Capital Corporation’s stock first resistance to watch stands at $18.87. Second resistance stands at $18.96. The third major resistance level sits at $19.05. If the price goes on to break the first support level at $18.69, it is likely to go to the next support level at $18.60. Should the price break the second support level, the third support level stands at $18.51.
Ares Capital Corporation (NASDAQ: ARCC) Key Stats
The company with the Market Capitalisation of 10.22 billion has total of 544,581K Shares Outstanding. Its annual sales at the moment are 2,096 M in contrast with the sum of 600,000 K annual income. Company’s last quarter sales were recorded 618,000 K and last quarter income was 278,000 K.