Ares Capital Corporation (ARCC) Dividend Payout Ratio
- Author: Zachary Reyes Mar 02, 2017,
Mar 02, 2017, 6:13
The investment management company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Jefferies Group also issued estimates for Ares Capital's Q2 2017 earnings at $0.42 EPS, Q3 2017 earnings at $0.42 EPS, Q4 2017 earnings at $0.42 EPS and FY2017 earnings at $1.64 EPS.
Several research analysts have recently weighed in on ARCC shares. Analysts have placed a $17.96 price target on Ares Capital Corporation, suggesting a 1.18% gain from recent close.
"Analysts Offer Predictions for Ares Capital Co.'s Q1 2017 Earnings (ARCC)" was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. National Securities boosted their target price on shares of Ares Capital from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, February 24th.
07/01/2015 - BMO Capital Markets began new coverage on Ares Capital Corporation giving the company a " rating. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.56, indicating analysts in general look favorably on the company's future prospects. The company now has an average rating of "Buy" and an average target price of $17.93.
When calculating EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 25.30%. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and worldwide copyright laws. The legal version of this piece of content can be accessed at https://baseballnewssource.com/markets/national-securities-boosts-ares-capital-co-arcc-price-target-to-18-00/473199.html.
Shares of Ares Capital (NASDAQ:ARCC) opened at 17.79 on Monday.
The 52-week high of the share price is -5.26% and 52-week low of the share price is 33.42%.
Ares Capital Corporation (NASDAQ:ARCC) is overbought, expensive, and, thus, ripe for sale. The fund bought 12,945 shares of the investment management company's stock, valued at approximately $201,000. Ares Capital Corporation invests primarily in first and second lien senior loans and mezzanine debt, which in some cases includes an equity component, and, to a lesser extent, in equity investments in private US middle market companies. During the same period in the prior year, the business posted $0.40 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. The last quarter cash dividend per share pay out was $0.38. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. The ex-dividend date of this dividend is Monday, March 13th. Ares Capital's dividend payout ratio is now 115.15%. The company's shares were closed at $17.79. Horizon Investments LLC increased its stake in shares of Ares Capital by 0.8% in the fourth quarter.
Ares Capital's exits in terms of repayment, selling, or other amounted to $1.2 billion in 4Q16. Segall Bryant & Hamill LLC now owns 687,188 shares of the investment management company's stock valued at $9,758,000 after buying an additional 14,895 shares during the period. Brouwer & Janachowski LLC purchased a new position in Ares Capital during the third quarter valued at $155,000. Finally, Alpha Omega Wealth Management LLC boosted its stake in shares of Ares Capital Corp.by 2.0% in the second quarter. Venturi Wealth Management LLC now owns 131,320 shares of the investment management company's stock valued at $2,035,000 after buying an additional 8,360 shares during the period. Of these investment exits, 68% were realized from first lien senior secured loans, 20% were realized from second lien senior secured loans, 11% were realized from senior subordinated debt, and 1% were realized from other equity securities. The Company focuses on self-originating most of its investments by pursuing an array of investment opportunities in middle-market companies, venture capital backed businesses and power generation projects across multiple channels.