Wall Street is only getting more bearish on the stock, with 0 of analysts who cover WDR having a buy-equivalent rating. The investment management company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.37 by $0.01. $6.81B is the market cap of Ares Cap Corp. The volume of 0.51 Million shares climbed down over an trading activity of 681.72 Million shares. It has underperformed by 19.88% the S&P500.
During 2017 Q4 the big money sentiment decreased to 0.92. Taking a look at the daily price change trend and size of price movement it is recorded that ARCC spotted a negative behavior with drift of -0.12%. Willingdon Wealth Mngmt reported 160,445 shares stake. Sold All: 36 Reduced: 78 Increased: 64 New Position: 33. Parametric Port Assoc Ltd Liability Com holds 0% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 296,068 shares. Its shares touched $15.965 on during the last trading session after 0.22% change.Currently Ares Capital Corporation is downtrending after 8.33% change in last April 15, 2017. ARCC's profit will be $157.73 million for 10.79 P/E if the $0.37 EPS becomes a reality. After $0.38 actual EPS reported by Ares Capital Corporation for the previous quarter, Wall Street now forecasts -2.63% negative EPS growth.
Investors sentiment decreased to 1.24 in 2017 Q4. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.68. It fall, as 55 investors sold ARCC shares while 108 reduced holdings. 40 funds took stakes and 110 increased stakes. Funds hold 156.46 million shares thus 3.16% less from 2017Q3's 161.57 million shares. Even if the individual investor chooses to trade conservatively during earnings, they can still do the necessary research and have stocks lined up to purchase when the time is right. Thornburg Invest Mngmt Incorporated invested 1.67% in Ares Capital Corporation (NASDAQ:ARCC).
Ares Capital (NASDAQ:ARCC) last announced its earnings results on Tuesday, February 13th.
On the other hand share of Cisco Systems, Inc. During the same quarter last year, the company posted $0.42 EPS. research analysts predict that Ares Capital will post 1.56 EPS for the current year. Raymond James Financial has 215,462 shs. Fifth Third National Bank holds 803 shares. Moreover, Kempner has 0.11% invested in Ares Capital Corporation (NASDAQ:ARCC) for 11,700 shs. 539,500 were accumulated by Mckinley Cap Lc Delaware. Dnb Asset Management As has 131,745 shares.
Investors expect Ares Capital Corporation (NASDAQ:ARCC)'s quarterly earnings on May, 2., Zacks reports.
Analysts await Ares Capital Corporation (NASDAQ:ARCC) to report earnings on May, 2. Therefore 71% are positive.
ARCC's price to sales ratio for trailing twelve months is 5.88 and price to book ratio for most recent quarter is 0.96, whereas price to cash per share for the most recent quarter is 21.59. The firm has "Buy" rating given on Thursday, November 2 by Jefferies. As per Friday, June 30, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by UBS with "Buy" on Thursday, August 18. The firm earned "Outperform" rating on Thursday, October 1 by Macquarie Research.
Rivernorth Capital Management Llc decreased its stake in Ares Cap Corp (ARCC) by 14.5% based on its latest 2017Q4 regulatory filing with the SEC. On Friday, October 6 the stock rating was maintained by BMO Capital Markets with "Hold". Oppenheimer set a $18.00 price objective on Ares Capital and gave the company a "buy" rating in a research note on Tuesday, February 13th.
Since January 23, 2018, it had 5 insider buys, and 0 insider sales for $447,042 activity. Shares for $390,000 were bought by Arougheti Michael J on Thursday, March 15. Another trade for 3,000 shares valued at $47,430 was bought by ROLL PENELOPE F. The Company operates as a closed-end, non-diversified management investment company. Corporate insiders own 0.49% of the company's stock. It now has negative earnings.
About $2.15B and $1.44B US Long portfolio Rivernorth Capital Management Llc manages. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Ares Capital in the 3rd quarter worth $167,000. Lsv Asset Management has 637,915 shares. Halcyon Management Partners Lp, a New York-based fund reported 2.75 million shares.
"Our team estimates that United States government investment in infrastructure has been running below trend since 2010, and that the underinvestment from the past seven years has added to up almost US$950bn", said the broker. Rivernorth Capital Management Llc sold 242,964 shares as the company's stock rose 0.32% while stock markets declined. CPN was included in 2 notes of analysts from November 22, 2016. 0 analysts call it Underweight, while 6 think it is Overweight. The company has Relative Strength Index (RSI 14) of 62.10 along with Average True Range (ATR 14) of 0.17. During the past three months the stock gain 0.28%, however six months performance of the stock remained at -3.53%.
The RSI most typically used on a 14-day timeframe, measured on a scale from 0-100, with high and low levels marked at between 70 and 30, respectively. It has underperformed by 8.62% the S&P500.
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