Market Insight: Ares Capital Corp (ARCC)’s Notable Drop, Closing at 20.59

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In the latest session, Ares Capital Corp (NASDAQ: ARCC) closed at $20.59 down -0.58% from its previous closing price of $20.71. In other words, the price has decreased by -$0.58 from its previous closing price. On the day, 3.63 million shares were traded. ARCC stock price reached its highest trading level at $20.72 during the session, while it also had its lowest trading level at $20.55.

Ratios:

For a deeper understanding of Ares Capital Corp’s stock, let’s take a closer look at its various ratios.

On June 16, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $20.50.

Wells Fargo Downgraded its Overweight to Equal Weight on April 18, 2023, whereas the target price for the stock was revised from $20 to $18.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARCC now has a Market Capitalization of 12652925952 and an Enterprise Value of 23780851712. As of this moment, Ares’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.03, and their Forward P/E ratio for the next fiscal year is 9.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.69 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 8.818.

Stock Price History:

Over the past 52 weeks, ARCC has reached a high of $21.84, while it has fallen to a 52-week low of $18.00. The 50-Day Moving Average of the stock is -1.81%, while the 200-Day Moving Average is calculated to be 2.36%.

Shares Statistics:

For the past three months, ARCC has traded an average of 3.37M shares per day and 4125650 over the past ten days. A total of 614.52M shares are outstanding, with a floating share count of 609.92M. Insiders hold about 0.58% of the company’s shares, while institutions hold 29.19% stake in the company. Shares short for ARCC as of 1715731200 were 18610555 with a Short Ratio of 5.37, compared to 1713139200 on 16929478. Therefore, it implies a Short% of Shares Outstanding of 18610555 and a Short% of Float of 3.05.

Dividends & Splits

According to the company, the forward annual dividend rate for ARCC is 1.92, from 1.92 in the trailing year. Against a Trailing Annual Dividend Yield of 0.09270884The stock’s 5-year Average Dividend Yield is 9.23.

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