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Ares Capital Corp. (NASDAQ:ARCC) CEO R. Kipp Deveer purchased 10,000 shares of Ares Capital Corp. stock on the open market in a transaction dated Thursday, August 7th. The shares were purchased at an average price of $16.51 per share, with a total value of $165,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 106,012 shares of the company’s stock, valued at approximately $1,750,258. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on ARCC shares. Analysts at RBC Capital cut their price target on shares of Ares Capital Corp. from $19.00 to $18.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Separately, analysts at JMP Securities reiterated an “outperform” rating on shares of Ares Capital Corp. in a research note on Thursday. They now have a $18.00 price target on the stock, down previously from $18.50. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Ares Capital Corp. from $18.00 to $17.25 in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.04.

Shares of Ares Capital Corp. (NASDAQ:ARCC) traded up 0.79% on Friday, hitting $16.62. 2,257,883 shares of the company’s stock traded hands. Ares Capital Corp. has a one year low of $16.21 and a one year high of $18.63. The stock’s 50-day moving average is $17.18 and its 200-day moving average is $17.40.

Ares Capital Corp. (NASDAQ:ARCC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.04. The company had revenue of $224.92 million for the quarter, compared to the consensus estimate of $231.50 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that Ares Capital Corp. will post $1.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 9.15%. The ex-dividend date is Thursday, September 11th.

Ares Capital Corporation (NASDAQ:ARCC) is a specialty finance company, which is a closed-end, non-diversified management investment company.

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