Ares Capital Corporation stock performance trend indicates that the stock price has rallied 6.62% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 11.16% . Looking at the past 52 week period, the stock price is up at 20.66% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Ares Capital Corporation has a positive value of 11.26 compared to overall market.Ares Capital Corporation is having a Relative Strength Index of 52.25 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Ares Capital Corporation (NASDAQ:ARCC) has tumbled 2.43% during the past week and has dropped 2.43% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.67%. Ares Capital Corporation (NASDAQ:ARCC) has underperformed the index by 3.55% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
For the current week, the company shares have a recommendation consensus of Buy. Ares Capital Corporation (NASDAQ:ARCC) : On Friday heightened volatility was witnessed in Ares Capital Corporation (NASDAQ:ARCC) which led to swings in the share price. The stock opened for trading at $17.22 and hit $17.27 on the upside , eventually ending the session at $17.23, with a gain of 0.29% or 0.05 points. The heightened volatility saw the trading volume jump to 1,472,498 shares. The 52-week high of the share price is $17.87 and the company has a market cap of $7,339 million. The 52-week low of the share price is at $13.85 .
Company has reported several Insider transactions to the SEC, on Dec 21, 2016, Steve Bartlett (director) purchased 200 shares at 16.00 per share price.On Nov 8, 2016, Daniel G Jr Kelly (director) purchased 7,500 shares at 15.33 per share price.On Aug 16, 2016, Mitchell S Goldstein (Co-President) purchased 6,472 shares at 15.45 per share price.
Ares Capital Corporation Last issued its quarterly earnings results on Feb 22, 2017. The company reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.39.Analysts expectations of $ 245.93.During the same quarter in the previous year, the company posted $0.40 EPS.
ARES CAPITAL CORPORATION is a specialty finance company that is a closed-end, non-diversified management investment company. Ares Capital Corporation has elected to be regulated as a business development company under the Investment Company Act of 1940. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. 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 U.S. middle market companies.