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Ares Capital Corp. (NASDAQ:ARCC) CAO Scott C. Lem bought 287 shares of Ares Capital Corp. stock in a transaction dated Friday, May 30th. The stock was purchased at an average price of $17.24 per share, for a total transaction of $4,947.88. Following the completion of the acquisition, the chief accounting officer now directly owns 7,231 shares in the company, valued at approximately $124,662. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Ares Capital Corp. (NASDAQ:ARCC) traded up 0.79% during mid-day trading on Friday, hitting $16.62. The stock had a trading volume of 2,257,883 shares. Ares Capital Corp. has a 52 week low of $16.21 and a 52 week high of $18.63. The stock has a 50-day moving average of $17.16 and a 200-day moving average of $17.4.

Ares Capital Corp. (NASDAQ:ARCC) last released its 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. Analysts expect that Ares Capital Corp. will post $1.53 EPS for the current fiscal year.

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

Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $18.04.

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

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