With 3.22 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.92 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $22.1683 whereas the lowest price it dropped to was $21.98. The 52-week range on ARCC shows that it touched its highest point at $22.43 and its lowest point at $19.32 during that stretch. It currently has a 1-year price target of $22.64. With its current market cap of 14.26 billion, ARCC has annualized dividend of $1.92 while the current yield stands at 8.70%. Beta for the stock currently stands at 1.05.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ARCC was up-trending over the past week, with a rise of 0.59%, but this was down by -0.45% over a month. Three-month performance surged to 5.00% while six-month performance rose 4.80%. The stock gained 8.13% in the past year, while it has gained 0.82% so far this year. A look at the trailing 12-month EPS for ARCC yields 2.60 with Next year EPS estimates of 2.20. For the next quarter, that number is 0.58. This implies an EPS growth rate of 0.00% for this year and -7.20% for next year. EPS is expected to decline by -4.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 8.15%.
Float and Shares Shorts:
At present, 646.08 million ARCC shares are outstanding with a float of 640.75 million shares on hand for trading. On 2024-12-13, short shares totaled 17.07 million, which was 264.00002 higher than short shares on 1731628800. In addition to Mr. Robert Kipp DeVeer III as the firm’s CEO & Director, Mr. Bennett Rosenthal serves as its Co-Founder & Chairman Emeritus.
Institutional Ownership:
Through their ownership of 0.29764998 of ARCC’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARCC since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ARCC analysts setting a high price target of 26.0 and a low target of 22.0, the average target price over the next 12 months is 22.64286. Based on these targets, ARCC could surge 17.81% to reach the target high and fall by -0.32% to reach the target low. Reaching the average price target will result in a growth of 2.6% from current levels.
Analysts have provided yearly estimates in a range of $2.3601 being high and $2.34018 being low. For ARCC, this leads to a yearly average estimate of $2.35014.
