Ares Capital Corp (NASDAQ: ARCC) on Friday, soared 0.76% from the previous trading day, before settling in for the closing price of $22.39. Within the past 52 weeks, ARCC’s price has moved between $18.26 and $23.84.
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The company achieved an average annual earnings per share of -13.80%. With a float of $697.88 million, this company’s outstanding shares have now reached $705.37 million.
In terms of profitability, gross margin is 61.56%, operating margin of 59.61%, and the pretax margin is 63.56%.
Ares Capital Corp (ARCC) Insider Updates
Observing investor behavior towards Asset Management industry stocks is more important than anything else. The insider ownership of Ares Capital Corp is 0.55%, while institutional ownership is 31.86%. The most recent insider transaction that took place on Mar 03 ’25, was worth 932,800. In this transaction Co-President of this company bought 40,000 shares at a rate of $23.32, taking the stock ownership to the 40,000 shares. Before that another transaction happened on Feb 11 ’25, when Company’s Director bought 6,000 for $22.75, making the entire transaction worth $136,500. This insider now owns 30,000 shares in total.
Ares Capital Corp (ARCC) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.58 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.59) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.51 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -13.80% per share during the next fiscal year.
Ares Capital Corp (NASDAQ: ARCC) Trading Performance Indicators
Ares Capital Corp (ARCC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.04, a number that is poised to hit 0.50 in the next quarter and is forecasted to reach 1.98 in one year’s time.
Technical Analysis of Ares Capital Corp (ARCC)
Let’s dig in a bit further. During the last 5-days, its volume was 3.46 million. That was inferior than the volume of 4.57 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 40.18%.
During the past 100 days, Ares Capital Corp’s (ARCC) raw stochastic average was set at 83.41%, which indicates a significant increase from 42.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.31 in the past 14 days, which was lower than the 0.38 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.31, while its 200-day Moving Average is $22.00. However, in the short run, Ares Capital Corp’s stock first resistance to watch stands at $22.65. Second resistance stands at $22.74. The third major resistance level sits at $22.88. If the price goes on to break the first support level at $22.41, it is likely to go to the next support level at $22.27. Assuming the price breaks the second support level, the third support level stands at $22.18.
Ares Capital Corp (NASDAQ: ARCC) Key Stats
Market capitalization of the company is 15.91 billion based on 705,367K outstanding shares. Right now, sales total 2,990 M and income totals 1,522 M. The company made 745,000 K in profit during its latest quarter, and 361,000 K in sales during its previous quarter.
