에 대한 최신 뉴스 Ares Capital (NASDAQ:ARCC) 주식

Ares Capital

Ares Capital Corp is a United States-based closed-ended specialty finance company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company focuses on investing primarily in U.S. middle-market companies with investment opportunities as well as in larger companies. Its portfolio comprises of first lien senior secured loans, second lien senior secured loans, and mezzanine debt (subordinated unsecured loan), which may include equity components that are diversified by industry and sector. The company may invest in preferred and common equity investments to a lesser proportion. Its revenue mainly consists of interest and dividend income received from the investment made.

Ares Capital Corporation - Closed End Fund

Ares Capital Corp

ARES CAPITAL ORD

Ares Capital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NYSE">ARCC</a>) short percent of float has risen 7.58% since its last report. The company recently reported that it has 17.81 million shares sold short, which is 2.84% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.59 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ares Capital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727721923_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ares Capital has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Ares Capital's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ares Capital's peer group average for short interest as a percentage of float is 3.63%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

ARCC

How Is The Market Feeling About Ares Capital?

Ares Capital (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arcc#NASDAQ">ARCC</a>) ended the recent trading session at $20.71, demonstrating a +0.1% swing from the preceding day&#39;s closing price. This change lagged the S&amp;P 500&#39;s 0.25% gain on the day. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.56%.
Prior to today&#39;s trading, shares of the private equity firm had lost 1.34% over the past month. This has lagged the Finance sector&#39;s gain of 1.86% and the S&amp;P 500&#39;s gain of 1.65% in that time.
The investment community will be paying close attention to the earnings performance of Ares Capital in its upcoming release. It is anticipated that the company will report an EPS of $0.59, marking stability compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $765.64 million, reflecting a 16.89% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.39 per share and a revenue of $3 billion, signifying shifts of +0.84% and +14.75%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Ares Capital. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts&#39; confidence in the company&#39;s business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.44% higher. Ares Capital is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Ares Capital is holding a Forward P/E ratio of 8.64. Its industry sports an average Forward P/E of 8.05, so one might conclude that Ares Capital is trading at a premium comparatively.
The Financial - SBIC &amp; Commercial Industry industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 202, finds itself in the bottom 21% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
<a href="https://www.zacks.com/stock/news/2340863/here-s-why-ares-capital-arcc-gained-but-lagged-the-market-today?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_6v1-2340863">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

News

Markets

Analyst Ratings

Here's Why Ares Capital Gained But Lagged the Market Today

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UPST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$30.00</td>
<td>$37.4K</td>
<td>1.3K</td>
<td>8.1K</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$64.00</td>
<td>$84.2K</td>
<td>722</td>
<td>7.4K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$57.00</td>
<td>$31.4K</td>
<td>753</td>
<td>2.7K</td>
</tr>
<tr>
<td>ARCC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$47.5K</td>
<td>5.6K</td>
<td>2.2K</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$210.00</td>
<td>$84.3K</td>
<td>1.1K</td>
<td>613</td>
</tr>
<tr>
<td>GS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$490.00</td>
<td>$30.1K</td>
<td>120</td>
<td>538</td>
</tr>
<tr>
<td>TFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$35.00</td>
<td>$149.9K</td>
<td>383</td>
<td>205</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$170.00</td>
<td>$29.4K</td>
<td>1.5K</td>
<td>122</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$95.00</td>
<td>$40.0K</td>
<td>7.0K</td>
<td>93</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we observe a put option sweep with neutral sentiment. It expires in 44 day(s) on September 20, 2024. Parties traded 196 contract(s) at a $30.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $37.4K, with a price of $191.0 per contract. There were 1389 open contracts at this strike prior to today, and today 8137 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on August 9, 2024. Parties traded 979 contract(s) at a $64.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $84.2K, with a price of $86.0 per contract. There were 722 open contracts at this strike prior to today, and today 7445 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bearish sentiment. It expires in 9 day(s) on August 16, 2024. Parties traded 335 contract(s) at a $57.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $94.0 per contract. There were 753 open contracts at this strike prior to today, and today 2758 contract(s) were bought and sold. 
• Regarding ARCC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>), we observe a put option trade with bullish sentiment. It expires in 163 day(s) on January 17, 2025. Parties traded 500 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $47.5K, with a price of $95.0 per contract. There were 5672 open contracts at this strike prior to today, and today 2251 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a put option sweep with bearish sentiment. It expires in 72 day(s) on October 18, 2024. Parties traded 65 contract(s) at a $210.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $84.3K, with a price of $1298.0 per contract. There were 1133 open contracts at this strike prior to today, and today 613 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a put option trade that happens to be bearish, expiring in 72 day(s) on October 18, 2024. This event was a transfer of 10 contract(s) at a $490.00 strike. The total cost received by the writing party (or parties) was $30.1K, with a price of $3010.0 per contract. There were 120 open contracts at this strike prior to today, and today 538 contract(s) were bought and sold. 
• Regarding TFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), we observe a call option sweep with bearish sentiment. It expires in 135 day(s) on December 20, 2024. Parties traded 204 contract(s) at a $35.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $149.9K, with a price of $735.0 per contract. There were 383 open contracts at this strike prior to today, and today 205 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option sweep that happens to be bearish, expiring in 44 day(s) on September 20, 2024. This event was a transfer of 24 contract(s) at a $170.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $1229.0 per contract. There were 1547 open contracts at this strike prior to today, and today 122 contract(s) were bought and sold. 
• Regarding MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we observe a call option sweep with bearish sentiment. It expires in 163 day(s) on January 17, 2025. Parties traded 63 contract(s) at a $95.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $635.0 per contract. There were 7011 open contracts at this strike prior to today, and today 93 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

PYPL

UPST

9 Financials Stocks Whale Activity In Today's Session

RBC Capital analyst Kenneth Lee reiterates Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>) with a Outperform and maintains $22 price target.

Price Target

Reiteration

RBC Capital Reiterates Outperform on Ares Capital, Maintains $22 Price Target

In the preceding three months, 5 analysts have released ratings for Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>), presenting a wide array of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $22.2, a high estimate of $23.00, and a low estimate of $22.00. Surpassing the previous average price target of $21.50, the current average has increased by 3.26%.
<img src="https://www.benzinga.com/files/images/story/2024/1722355234_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of Ares Capital among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Devin Ryan</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$22.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Kenneth Lee</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$22.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Melissa Wedel</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$22.00</td>
<td>$21.50</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$23.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Mitchel Penn</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$22.00</td>
<td>$21.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Ares Capital. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Ares Capital compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
To gain a panoramic view of Ares Capital's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/ARCC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ares Capital analyst ratings.</a>
<h2>Delving into Ares Capital's Background</h2>
Ares Capital Corp is a United States-based closed-ended specialty finance company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company focuses on investing primarily in U.S. middle-market companies with investment opportunities as well as in larger companies. Its portfolio comprises of first lien senior secured loans, second lien senior secured loans, and mezzanine debt (subordinated unsecured loan), which may include equity components that are diversified by industry and sector. The company may invest in preferred and common equity investments to a lesser proportion. Its revenue mainly consists of interest and dividend income received from the investment made.
<h3>Ares Capital: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Ares Capital's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 63.91%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 90.71%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 3.89%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Ares Capital's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.87% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.99.
<h2>Analyst Ratings: What Are They?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Ares Capital Through The Eyes Of 5 Analysts

JMP Securities analyst Devin Ryan maintains Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>) with a Market Outperform and raises the price target from $21 to $22.

JMP Securities Maintains Market Outperform on Ares Capital, Raises Price Target to $22

Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>) reported quarterly earnings of $0.61 per share which beat the analyst consensus estimate of $0.58 by 5.17 percent. The company reported quarterly sales of $755.000 million which beat the analyst consensus estimate of $715.710 million by 5.49 percent. This is a 19.09 percent increase over sales of $634.000 million the same period last year.

Earnings Beats

Ares Capital Q2 2024 Adj. EPS $0.61 Beats $0.58 Estimate, Sales $755.000M Beat $715.710M Estimate

Ares Capital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NYSE">ARCC</a>) short percent of float has fallen 8.08% since its last report. The company recently reported that it has 16.66 million shares sold short, which is 2.73% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.1 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ares Capital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720106117_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ares Capital has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Ares Capital's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ares Capital's peer group average for short interest as a percentage of float is 2.88%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(ARCC) - Analyzing Ares Capital's Short Interest

Throughout the last three months, 5 analysts have evaluated Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>), offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $22.0, a high estimate of $23.00, and a low estimate of $21.00. Surpassing the previous average price target of $21.50, the current average has increased by 2.33%.
<img src="https://www.benzinga.com/files/images/story/2024/1716476412_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Ares Capital by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kenneth Lee</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$22.00</td>
<td>-</td>
</tr>
<tr>
<td>Melissa Wedel</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$22.00</td>
<td>$21.50</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$23.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Mitchel Penn</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$22.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Devin Ryan</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$21.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Ares Capital. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Ares Capital compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Ares Capital's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Ares Capital's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ARCC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ares Capital analyst ratings.</a>
<h2>Get to Know Ares Capital Better</h2>
Ares Capital Corp is a United States-based closed-ended specialty finance company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company focuses on investing primarily in U.S. middle-market companies with investment opportunities as well as in larger companies. Its portfolio comprises of first lien senior secured loans, second lien senior secured loans, and mezzanine debt (subordinated unsecured loan), which may include equity components that are diversified by industry and sector. The company may invest in preferred and common equity investments to a lesser proportion. Its revenue mainly consists of interest and dividend income received from the investment made.
<h3>Ares Capital: Delving into Financials</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Ares Capital's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 107.48% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 93.02%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Ares Capital's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.75%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Ares Capital's ROA stands out, surpassing industry averages. With an impressive ROA of 1.77%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.07.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 5 Analyst Projections For Ares Capital

Ares Capital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NYSE">ARCC</a>) short percent of float has fallen 11.59% since its last report. The company recently reported that it has 16.09 million shares sold short, which is 2.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.91 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ares Capital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714748415_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ares Capital has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Ares Capital's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ares Capital's peer group average for short interest as a percentage of float is 2.69%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Ares Capital's Recent Short Interest

JP Morgan analyst Melissa Wedel maintains Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>) with a Overweight and raises the price target from $21.5 to $22.

JP Morgan Maintains Overweight on Ares Capital, Raises Price Target to $22

Truist Securities analyst Mark Hughes maintains Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>) with a Buy and raises the price target from $22 to $23.

Truist Securities Maintains Buy on Ares Capital, Raises Price Target to $23

Oppenheimer analyst Mitchel Penn maintains Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>) with a Outperform and raises the price target from $21 to $22.

Oppenheimer Maintains Outperform on Ares Capital, Raises Price Target to $22

Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>) reported quarterly earnings of $0.59 per share which missed the analyst consensus estimate of $0.60 by 1.67 percent. This is a 3.51 percent increase over earnings of $0.57 per share from the same period last year. The company reported quarterly sales of $701.000 million which beat the analyst consensus estimate of $700.133 million by 0.12 percent. This is a 13.43 percent increase over sales of $618.000 million the same period last year.

Earnings Misses

Ares Capital Q1 2024 Adj EPS $0.59 Misses $0.60 Estimate, Sales $701.000M Beat $700.133M Estimate

JMP Securities analyst Devin Ryan reiterates Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>) with a Market Outperform and maintains $21 price target.

JMP Securities Reiterates Market Outperform on Ares Capital, Maintains $21 Price Target

WIIM

FRGE

HIPO

LGHL

MRAI

PUYI

RILY

SWIN

TIGR

TREE

Shares of companies within the broader financial sector are trading lower amid overall market weakness following worse-than-expected February PPI data.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SOFI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$7.50</td>
<td>$51.0K</td>
<td>12.4K</td>
<td>10.3K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/15/24</td>
<td>$55.00</td>
<td>$38.2K</td>
<td>60.0K</td>
<td>9.1K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/15/24</td>
<td>$300.00</td>
<td>$53.0K</td>
<td>6.0K</td>
<td>7.5K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$36.00</td>
<td>$67.5K</td>
<td>1.8K</td>
<td>1.2K</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/22/24</td>
<td>$180.00</td>
<td>$25.7K</td>
<td>976</td>
<td>1.0K</td>
</tr>
<tr>
<td>ARCC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.00</td>
<td>$351.4K</td>
<td>0</td>
<td>400</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$57.50</td>
<td>$103.7K</td>
<td>650</td>
<td>335</td>
</tr>
<tr>
<td>MS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$85.00</td>
<td>$44.2K</td>
<td>1.5K</td>
<td>317</td>
</tr>
<tr>
<td>NU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$28.4K</td>
<td>9.8K</td>
<td>208</td>
</tr>
<tr>
<td>ROOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$40.00</td>
<td>$27.0K</td>
<td>180</td>
<td>126</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on March 15, 2024. This event was a transfer of 3900 contract(s) at a $7.50 strike. This particular put needed to be split into 67 different trades to become filled. The total cost received by the writing party (or parties) was $51.0K, with a price of $13.0 per contract. There were 12424 open contracts at this strike prior to today, and today 10302 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a call option trade that happens to be bullish, expiring in 4 day(s) on March 15, 2024. This event was a transfer of 150 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $38.2K, with a price of $255.0 per contract. There were 60088 open contracts at this strike prior to today, and today 9183 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with bullish sentiment. It expires in 4 day(s) on March 15, 2024. Parties traded 100 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $53.0K, with a price of $530.0 per contract. There were 6016 open contracts at this strike prior to today, and today 7505 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on March 15, 2024. Parties traded 1250 contract(s) at a $36.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $67.5K, with a price of $54.0 per contract. There were 1823 open contracts at this strike prior to today, and today 1278 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a put option sweep that happens to be bullish, expiring in 11 day(s) on March 22, 2024. This event was a transfer of 572 contract(s) at a $180.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $45.0 per contract. There were 976 open contracts at this strike prior to today, and today 1050 contract(s) were bought and sold. 
• For ARCC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>), we notice a call option trade that happens to be bullish, expiring in 312 day(s) on January 17, 2025. This event was a transfer of 200 contract(s) at a $3.00 strike. The total cost received by the writing party (or parties) was $351.4K, with a price of $1757.0 per contract. There were 0 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option sweep that happens to be bullish, expiring in 284 day(s) on December 20, 2024. This event was a transfer of 182 contract(s) at a $57.50 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $103.7K, with a price of $570.0 per contract. There were 650 open contracts at this strike prior to today, and today 335 contract(s) were bought and sold. 
• Regarding MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we observe a put option sweep with bearish sentiment. It expires in 67 day(s) on May 17, 2024. Parties traded 150 contract(s) at a $85.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $44.2K, with a price of $295.0 per contract. There were 1513 open contracts at this strike prior to today, and today 317 contract(s) were bought and sold. 
• For NU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), we notice a call option sweep that happens to be bullish, expiring in 312 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $10.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $28.4K, with a price of $284.0 per contract. There were 9866 open contracts at this strike prior to today, and today 208 contract(s) were bought and sold. 
• For ROOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>), we notice a put option sweep that happens to be bullish, expiring in 39 day(s) on April 19, 2024. This event was a transfer of 52 contract(s) at a $40.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $520.0 per contract. There were 180 open contracts at this strike prior to today, and today 126 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ROOT

SOFI

10 Financials Stocks With Whale Alerts In Today's Session

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer said GE HealthCare Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gehc#NASDAQ">GEHC</a>) <a href="https://www.benzinga.com/markets/equities/24/02/37179369/why-ge-healthcare-shares-are-falling-today"> can go higher</a>.
On Feb. 15, GE HealthCare Technologies launched a secondary underwritten public offering of 13 million shares of its common stock. The public offering is available for $82.25 per share ($80.605 per share, net of underwriting discount).
When asked about BWX Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bwxt#NYSE">BWXT</a>), he said, &quot;I like nuke, but the way I want to play it is Vernova, which is going to be spun off by GE in April.&quot;
On Feb. 27, BWX Technologies reported better-than-expected fourth-quarter financial results.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
QUALCOMM Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>) is a &quot;quandary to me because I don&rsquo;t think they have the horse power to merit that stock being this high, but I understand people want to own it. It&rsquo;s not for me,&quot; Cramer said.
On March 5, Qualcomm increased its quarterly cash dividend from 80 cents to 85 cents per share.
When asked about Pure Storage, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pstg#NYSE">PSTG</a>), &quot;It took a long time to turn around, but it is a winner.&quot;
On Feb. 28, Pure Storage reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates.
Manhattan Associates, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/manh#NASDAQ">MANH</a>) is a &quot;very, very good&quot; company, Cramer said, &quot;It&rsquo;s a winner.&quot;
On Jan. 30, Manhattan Associates reported better-than-expected fourth-quarter results.
The &quot;Mad Money&quot; host said he has no idea what Ares Capital Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arcc#NASDAQ">ARCC</a>) really owns. &quot;It&rsquo;s had a good run though,&quot; he added.
On Feb. 7, Ares Capital posted better-than-expected quarterly earnings.
&quot;Red-hot laser stock that actually has mojo, and I&rsquo;m not going to tell you to not buy it. I am going to tell you, please wait for a little pullback,&quot; Cramer said about Coherent Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cohr#NYSE">COHR</a>).
On Feb. 20, Coherent announced that Vincent D. Mattera, Jr. will retire as CEO of the company.
Price Action:
<ul>
<li>Shares of GE HealthCare gained 1.3% to close at $93.87 on Friday.</li>
<li>BWX Technologies shares fell 2% to close at $103.19 on Friday.</li>
<li>Qualcomm shares fell 2.9% to settle at $170.57.</li>
<li>Ares Capital shares gained 0.2% to settle at $20.51 on Friday.</li>
<li>Coherent shares fell 0.7% to close at $63.86 on Friday.</li>
<li>Shares of Pure Storage fell 3.2% to settle at $55.35.</li>
<li>Manhattan Associates shares fell 3.2% to close at $257.50 on Friday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37558459/commscope-holding-and-3-other-stocks-under-2-insiders-are-buying"> CommScope Holding And 3 Other Stocks Under $2 Insiders Are Buying </a> 
Image: Shutterstock

Long Ideas

Media

BWXT

COHR

GEHC

MANH

PSTG

QCOM

Cramer Says This Healthcare Stock Can Go Higher, Calls Manhattan Associates 'A Winner'

Ares Capital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NYSE">ARCC</a>) short percent of float has risen 11.9% since its last report. The company recently reported that it has 25.59 million shares sold short, which is 4.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.71 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ares Capital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709649024_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ares Capital has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Ares Capital's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ares Capital's peer group average for short interest as a percentage of float is 2.52%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Ares Capital's Recent Short Interest

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Events

Press Releases

Ares Capital Corporation to Present at the 2024 UBS Financial Services Conference

Ares Capital Corporation to Present at the 2024 RBCCM Global Financial Institutions Conference

Ares Capital Corporation to Present at the Raymond James 45th Annual Institutional Investors Conference

Ares Capital Corporation Schedules Earnings Release for the First Quarter Ended March 31, 2024

Ares Capital Corporation Announces March 31, 2024 Financial Results and Declares Second Quarter 2024 Dividend of $0.48 Per Share

Ares Capital Corporation Prices Public Offering of $850 Million 5.950% Unsecured Notes Due 2029

Ares Capital Corporation to Host Investor Day on May 21, 2024

Ares Capital Corporation Schedules Earnings Release For The Second Quarter Ended June 30, 2024

Ares Capital Corporation Announces June 30, 2024 Financial Results and Declares Third Quarter 2024 Dividend of $0.48 Per Share

Ares Capital Corporation Schedules Earnings Release for the Third Quarter Ended September 30, 2024

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