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A statement released earlier today by Keefe Bruyette Woods about Ares Capital (NDAQ:ARCC) bumps the target price to $18.50

Having a price of $16.30, Ares Capital (NDAQ:ARCC) traded 0.32% higher on the day. With the last stock price close down -5.14% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. The company has recorded a 50-day moving average of $16.10 and a 200-day moving average of $16.68. 538,241 shares of the stock were exchanged, down from an average trading volume of 1,577,140

Keefe Bruyette Woods bumped up the target of Ares Capital (NDAQ:ARCC) to $18.50 stating a potential upside of 0.13%.

On 5/09/2017, National Securities released a statement for Ares Capital (NDAQ:ARCC) bumped up the target price from $18.00 to $19.00 that suggested an upside of 0.16%.

See Chart Below

Ares Capital (NDAQ:ARCC)

Ares Capital has a 52 week low of $15.01 and a 52 week high of $17.87 Ares Capital’s market capitalization is currently $0.

In addition to Keefe Bruyette Woods reporting its stock price target, a total of 15 brokerages have issued a research note on the company. The average stock price target is $16.48 with 3 brokerages rating the stock a strong buy, 9 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Ares Capital (NDAQ:ARCC)

Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company's investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies. It may from time to time invest in larger or smaller (in particular, for investments in early-stage and/or venture capital-backed) companies. It invests primarily in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and mezzanine debt, generally in a first lien position), second lien senior secured loans, and mezzanine debt, which in some cases includes an equity component. It invests in various industries, such as automotive services, business services, consumer products, and containers and packaging. Ares Capital Management LLC serves as its investment advisor.

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