Ares Capital (ARCC) Downgraded by BidaskClub to "Strong Sell"

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. The firm has "Neutral" rating by Credit Suisse given on Wednesday, March 8. DA Davidson initiated Ares Capital Corporation (NASDAQ:ARCC) on Wednesday, September 30 with "Buy" rating.

Nwq Investment Management Company Llc increased Ares Cap Corp (ARCC) stake by 5.99% reported in 2017Q2 SEC filing. Muzinich & Company sold 896,521 shares as Ares Capital Corp (ARCC)'s stock declined 6.68%. The institutional investor held 1.92 million shares of the company at the end of 2017Q2, valued at $31.47 million, up from 786,362 at the end of the previous reported quarter. Ares Capital Corporation now has $6.92 billion valuation. Going a bit further, shares have moved 16.18% over the last full-year.

Needle moving action has been spotted in Ares Management LP (ARES) as shares are moving today on volatility 1.52% or 0.28 from the open. Moody Bank Trust Division holds 0.02% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 30,325 shares. It has underperformed by 6.98% the S&P500.

Wedbush also issued estimates for Ares Capital's Q4 2017 earnings at $0.38 EPS, Q1 2018 earnings at $0.38 EPS, Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.39 EPS, FY2018 earnings at $1.55 EPS and FY2019 earnings at $1.75 EPS. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.29 and a quick ratio of 1.29.

Hedge funds have recently added to or reduced their stakes in the stock. 170.64 million shares or 4.44% less from 178.56 million shares in 2017Q1 were reported. Brinker Capital invested in 20,311 shares. Net earnings for the quarter were posted at $0.36 per share, whereas Wall Street had forecast $0.35 per share. JMP Securities maintained Ares Capital Corporation (NASDAQ:ARCC) rating on Tuesday, August 9. Motco holds 2,975 shares or 0.01% of its portfolio. Citigroup Inc stated it has 0.01% in Ares Capital Corporation (NASDAQ:ARCC). Moreover, Baxter Bros Inc has 0.02% invested in the company for 12,000 shares.

Compass Point has initiated its coverage for Ares Capital (NASDAQ:ARCC), this morning Wednesday morning. Miller Howard Investments owns 343,373 shares or 0.11% of their U.S. portfolio.

Maltese Capital Management LLC grew its stake in Ares Capital Co.

Rivernorth Capital Management Llc, which manages about $2.15B and $1.31B US Long portfolio, decreased its stake in Allianzgi Nfj Divid Int & Pr (NFJ) by 351,752 shares to 726,655 shares, valued at $9.52 million in 2017Q2, according to the filing. Maltese Capital holds 415,900 shares. Liberty Mngmt has 0.01% invested in Ares Capital Corporation (NASDAQ:ARCC). Robeco Institutional Asset Bv holds 0.01% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 80,392 shares. Following the completion of the transaction, the director now directly owns 937,054 shares in the company, valued at $14,852,305.90. It also reduced Cameco Corp (NYSE:CCJ) stake by 55,796 shares and now owns 2.09M shares. Two analysts have provided estimates for Ares Management's earnings, with the highest sales estimate coming in at $202.00 million and the lowest estimate coming in at $193.00 million. They expect $0.37 EPS, down 11.90% or $0.05 from last year's $0.42 per share. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 1.90, which implies that analysts are generally bullish in their outlook for ARCC over the next year. Therefore 50% are positive.

Ares Capital Corporation (ARCC) has been given an average price target of $18.03 from analysts, according to data collected by Finviz. The firm has "Hold" rating given on Thursday, August 3 by RBC Capital Markets. The mean target price as estimated by the analysts for the company has been recorded at $18.03. Jefferies maintained it with "Buy" rating and $19.5 target in Thursday, November 2 report. Finally, BMO Capital Markets reaffirmed a "hold" rating and issued a $15.00 price objective on shares of Ares Capital in a report on Tuesday, April 11th. Raymond James upgraded the shares of ARCC in report on Friday, August 28 to "Outperform" rating. On Sunday, July 23 the stock rating was maintained by Keefe Bruyette & Woods with "Buy".

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base.

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