Investing in Ares Capital Corporation [ARCC]: What You Must Know


In a filing, Ares Capital Corporation revealed its Chief Financial Officer ROLL PENELOPE F acquired Company’s shares for reported $47600.0 on Sep 14. In the deal valued at $19.04 per share,2,500 shares were bought. As a result of this transaction, ROLL PENELOPE F now holds 54,500 shares worth roughly $ 1.06 million.

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Then, HENSON MARY BETH bought 9,000 shares, generating $177,930 in total proceeds. Upon buying the shares at $19.77, the Director now owns 20,000 shares.

Before that, ROLL PENELOPE F bought 25,000 shares. Ares Capital Corporation shares valued at $494,250 were divested by the Chief Financial Officer at a price of $19.77 per share. As a result of the transaction, ROLL PENELOPE F now holds 52,000 shares, worth roughly $1.01 million.

Hovde Group upgraded its Ares Capital Corporation [ARCC] rating to an Outperform from a a Market perform in a research note published on Friday. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late April from “a Neutral” to “an Overweight”. Hovde Group began covering ARCC with “Market perform” recommendation on March 07, 2022. Janney started covering the stock on December 03, 2021. It rated ARCC as “a Buy”.

Price Performance Review of ARCC

On Friday, Ares Capital Corporation [NASDAQ:ARCC] saw its stock jump 0.10% to $19.39. On the same session, the stock had its day’s lowest price of $19.31, but rose to a high of $19.855. Over the last five days, the stock has lost -1.07%. Ares Capital Corporation shares have fallen nearly -8.07% since the year began. Nevertheless, the stocks have fallen -6.88% over the past one year. While a 52-week high of $22.89 was reached on 02/09/22, a 52-week low of $16.53 was recorded on 10/03/22. SMA at 50 days reached $18.58, while 200 days put it at $19.82.

Levels Of Support And Resistance For ARCC Stock

The 24-hour chart illustrates a support level at 19.18, which if violated will result in even more drops to 18.97. On the upside, there is a resistance level at 19.73. A further resistance level may holdings at 20.06. The Relative Strength Index (RSI) on the 14-day chart is 61.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.53%. Stochastics %K at 79.52% indicates the stock is a holding.

How much short interest is there in Ares Capital Corporation?

A steep rise in short interest was recorded in Ares Capital Corporation stocks on Jul 14, 2022, growing by 0.69 million shares to a total of 20.71 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 20.02 million shares. There was a rise of 3.33%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.20% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.91.

According to FactSet, Ares Capital Corporation’s share price will average $21.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.42 percent from its previous closing price of $19.37. Analysts expect Ares Capital Corporation stock to reach the higher price of $22.00, while the lowest price estimate is $20.00.


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