In the past 52-week period, shares of Ares Capital Corporation (NASDAQ:ARCC) have moved within the range of $15.01 to $17.87. On the stock’s most recent trading day, the company’s shares ended the regular session at $16.08, which is 10.02% lower than its 52-week high.
Ares Capital Corporation (ARCC) has demonstrated a 20-day simple moving average (SMA) of -2.47%, and a 50-day SMA of -0.74%. This public company’s current market capitalization stands at $6.89 billion.
Analyzing Consensus Estimates, Sales Revenue and Net Income
When thinking about buying shares in a public company, it is useful to gauge the average enthusiasm level of Wall Street analysts for that specific stock. According to the latest data, the consensus recommendation for Ares Capital Corporation (ARCC) is Outperform.
When it comes to quarterly financial results, publicly-traded companies usually post earnings and revenue figures that fall somewhat above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Jun. 2017, Ares Capital Corporation (ARCC) delivered a 4.45% surprise with its net revenue. Sales reached $0.28 billion during the three-month period, compared to the average analyst estimate of $0.3 billion.
Meanwhile, during the same quarter Ares Capital Corporation (ARCC) delivered a 5.76% earnings surprise. Net earnings for the quarter were posted at $0.34 per share, whereas Wall Street had forecast $0.36 per share.
Ownership at Ares Capital Corporation (ARCC), According to Most Recent SEC Filings
Investors can gain useful insight on institutional ownership within a public company by taking a look at the organization’s most recent 13F filings. Ares Capital Corporation (ARCC) has 0.43 billion shares outstanding currently, 46.21% of which belong to institutional investors. Those institutional holdings amount to $3.18 billion.
Additionally, according to the most recent 13F filing from Ares Capital Corporation (ARCC), there were 40 new positions totaling 4,503,457 shares of the company’s stock. There were 45 sold out positions, on the other hand, totaling 10,341,569 shares.
Short, Medium and Long Term Indicators
By looking at a stock’s average trade volume – in the short, medium, and long terms – we can gain a better understanding of investor sentiment and trading activity. Ares Capital Corporation (ARCC) has had a 20-day average volume of 1,429,605 shares, with an average of 60% of short term indicators pointed at Sell.
The stock’s 50-day average volume has been 1,719,060 shares, with an average of 25% of medium term indicators pointing toward Sell. Finally, its 100-day average volume is 1,617,805 shares with 67% of long-term indicators pointing to Sell.