Ares Capital Corp (NASDAQ:ARCC) shares traded -7.20% lower at $19.97 on Wall Street last session.
ARCC stock price is now -11.78% away from the 50-day moving average and -7.62% away from the 200-day moving average. The market capitalization of the company currently stands at $13.67B.
In other news, Miller James Robert, Co-President bought 40,000 shares of the company’s stock on Mar 03 ’25. The stock was bought for $932,800 at an average price of $23.32. Upon completion of the transaction, the Co-President now directly owns 40,000 shares in the company, valued at $0.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 11 ’25, Director Bates Ann Torre bought 6,000 shares of the business’s stock. A total of $136,500 was incurred on buying the stock at an average price of $22.75. This leaves the insider owning 30,000 shares of the company worth $0.6 million. A total of 0.56% of the company’s stock is owned by insiders.
During the past 12 months, Ares Capital Corp has had a low of $19.32 and a high of $23.84. The fifty day moving average price for ARCC is $22.637 and a two-hundred day moving average price translates $21.6162 for the stock.
The latest earnings results from Ares Capital Corp (NASDAQ: ARCC) was released for 2024-12-31. The company reported revenue of $759.0 million for the quarter, compared to $707.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.36 percent.
