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In the latest session, Ares Capital Corp (NASDAQ: ARCC) closed at $21.15 up 0.43% from its previous closing price of $21.06. In other words, the price has increased by $0.43 from its previous closing price. On the day, 1.87 million shares were traded. ARCC stock price reached its highest trading level at $21.16 during the session, while it also had its lowest trading level at $21.06.
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 12997055488 and an Enterprise Value of 24121198592. As of this moment, Ares’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.22, and their Forward P/E ratio for the next fiscal year is 9.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.82 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 8.944.
Stock Price History:
The Beta on a monthly basis for ARCC is 1.05, which has changed by 0.09472048 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, ARCC has reached a high of $21.84, while it has fallen to a 52-week low of $18.55. The 50-Day Moving Average of the stock is 0.46%, while the 200-Day Moving Average is calculated to be 4.65%.
Shares Statistics:
For the past three months, ARCC has traded an average of 3.26M shares per day and 2642800 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 29.11% stake in the company. Shares short for ARCC as of 1718323200 were 16655325 with a Short Ratio of 5.12, compared to 1715731200 on 18610555. Therefore, it implies a Short% of Shares Outstanding of 16655325 and a Short% of Float of 2.73.
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 0.09116809The stock’s 5-year Average Dividend Yield is 9.24.
