$0.38 dividends are now a reality for Ares Capital Corporation (NASDAQ:ARCC) shareholders. Here’s why.
March 13, 2018 – By Adrian Erickson
Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.17, from 1.13 in 2017Q2. It turned negative, as 55 investors sold Ares Capital Corporation shares while 104 reduced holdings. 35 funds opened positions while 118 raised stakes. 161.57 million shares or 5.32% less from 170.64 million shares in 2017Q2 were reported.
Pnc Financial Ser Gru accumulated 51,750 shares or 0% of the stock. Guild Inv Mngmt reported 122,000 shares. Thrivent Fincl For Lutherans has invested 0.03% in Ares Capital Corporation (NASDAQ:ARCC). Ifc Hldgs Fl holds 0.05% or 41,458 shares. Mackenzie Finance has invested 0.02% in Ares Capital Corporation (NASDAQ:ARCC). 23,265 are owned by Pitcairn. Evanson Asset Management Limited Liability Company has invested 0.06% in Ares Capital Corporation (NASDAQ:ARCC). New York-based Bluemountain Ltd Liability Corp has invested 0.03% in Ares Capital Corporation (NASDAQ:ARCC). Hsbc Holdings Public Ltd Co accumulated 0% or 82,315 shares. West Family Inc stated it has 0.09% in Ares Capital Corporation (NASDAQ:ARCC). Brown Advisory invested in 2.27 million shares. Legal And General Gp Public Limited Company reported 0.02% stake. Evercore Wealth Management Lc, a New York-based fund reported 640 shares. Envestnet Asset accumulated 0% or 20,608 shares. D E Shaw Inc holds 2.53 million shares or 0.06% of its portfolio.
Since January 23, 2018, it had 3 insider buys, and 0 sales for $53,850 activity. $47,430 worth of Ares Capital Corporation (NASDAQ:ARCC) was bought by ROLL PENELOPE F on Thursday, February 15.
Ares Capital Corporation (NASDAQ:ARCC) is expected to pay $0.38 on Mar 30, 2018. The indicated annual dividend is $1.52. Shareholders owning the stock before Mar 14, 2018 will be eligible to receive the payout. Based on Ares Capital Corporation’s current price of $15.95, the dividend is 2.38 %. This dividend’s record date is Mar 15, 2018 and the announcement date is Feb 13, 2018. The stock increased 0.31% or $0.05 during the last trading session, reaching $15.95. About 2.39 million shares traded or 10.33% up from the average. Ares Capital Corporation (NASDAQ:ARCC) has risen 9.72% since March 13, 2017 and is uptrending. It has underperformed by 6.98% the S&P500.
Ares Capital Corporation (NASDAQ:ARCC) Ratings Coverage
Among 17 analysts covering Ares Capital (NASDAQ:ARCC), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Ares Capital has $19.5 highest and $15.0 lowest target. $17.46’s average target is 9.47% above currents $15.95 stock price. Ares Capital had 26 analyst reports since August 21, 2015 according to SRatingsIntel. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Buy” rating given on Wednesday, September 20 by Oppenheimer. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, May 31. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Buy” rating given on Sunday, July 23 by Keefe Bruyette & Woods. National Securities initiated the stock with “Neutral” rating in Tuesday, June 28 report. On Tuesday, August 15 the stock rating was maintained by Jefferies with “Buy”. Jefferies maintained it with “Buy” rating and $19.5 target in Friday, September 22 report. As per Wednesday, August 23, the company rating was maintained by BMO Capital Markets. As per Thursday, November 2, the company rating was maintained by Jefferies. Barclays Capital maintained the shares of ARCC in report on Thursday, February 25 with “Overweight” rating. RBC Capital Markets maintained Ares Capital Corporation (NASDAQ:ARCC) on Thursday, August 3 with “Hold” rating.
More recent Ares Capital Corporation (NASDAQ:ARCC) news were published by: Businesswire.com which released: “Ares Capital Corporation and Varagon Capital Partners Expand Senior Direct …” on February 13, 2018. Also Seekingalpha.com published the news titled: “Best In Class Specialty Finance Company Offers 9.6% Yield Plus 15% Upside …” on March 13, 2018. Businesswire.com‘s news article titled: “Ares Capital Corporation to Present at Upcoming Conferences” with publication date: February 27, 2018 was also an interesting one.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.