16.46 0.00 (0.00%)
After hours: 4:00PM EDT
|Bid||16.40 x 100|
|Ask||16.70 x 3000|
|Day's Range||16.40 - 16.52|
|52 Week Range||15.01 - 17.87|
|PE Ratio (TTM)||12.20|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
This could indicate that investors who seek to profit from falling equity prices are not currently targeting ARCC. Over the last one-month, outflows of investor capital in ETFs holding ARCC totaled $636,500.
Prospect Capital (PSEC) declared total dividends of $1.00 per share in fiscal 2017, which is the same as it declared in fiscal 2016.
Prospect Capital’s (PSEC) total investments at fair value in fiscal 4Q17 stood at $5.8 billion, reflecting a marginal fall from $6.0 billion in fiscal 3Q17.
Prospect Capital witnessed a fall in its fiscal 4Q17 total investment income, from $193 million in fiscal 4Q16 to $166.7 million last quarter.
Prospect Capital (PSEC) reported EPS (earnings per share) of $0.19 in fiscal 4Q17, missing the analysts’ estimate of $0.21.
Sliding loan pricing and increased repayments are continuing to curb the profitability and growth of Business Development Company (BDC) funds that lend to private U.S. midsized companies. BDC share prices have been under pressure as investment income has fallen, which is raising fears about dividend coverage and even dividend cuts, as the funds report results for the three-month period ended June 30. The sector is trading at an average 7% discount to Net Asset Value (NAV), which measures mutual funds’ price per share.
Business development companies don't get as much press as other segments of the financial industry, but these are stories worth noting.
Of the 14 analysts currently covering Ares Capital Corporation (ARCC), four analysts rated the stock as a “buy,” six analysts gave “strong buy” ratings, and the remaining four analysts gave “hold” ratings....
Within one year, Ares Capital Corporation (ARCC) stock is expected to reach $18.21, reflecting a rise of ~11.0% from its current price.
Ares Capital Corporation (ARCC) posted its 2Q17 earnings report on August 2. ARCC reported its core earnings of $0.34 per share, missing the analysts’ estimate of $0.36 per share.