The CFO of Ares Capital Corp (ARCC) is Buying Shares


Today, the CFO of Ares Capital Corp (ARCC), Penelope Roll, bought shares of ARCC for $36.72K.

Following Penelope Roll’s last ARCC Buy transaction on November 21, 2018, the stock climbed by 2.5%. Following this transaction Penelope Roll’s holding in the company was increased by 2.97% to a total of $1.28 million.

See today’s analyst top recommended stocks >>

Based on Ares Capital Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $403 million and quarterly net profit of $200 million. In comparison, last year the company earned revenue of $360 million and had a net profit of $254 million. Currently, Ares Capital Corp has an average volume of 1.74M.

Four different firms, including Barclays and JMP Securities, currently also have a Buy rating on the stock. Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $19.50, reflecting a 6.5% upside.

The insider sentiment on Ares Capital Corp has been positive according to 16 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Penelope Roll’s trades have generated a 12.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ares Capital Corp. is a closed-end, non-diversified management investment company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company was founded on April 1, 2004 and is headquartered in New York, NY.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts