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Ares Capital Corporation (NASDAQ:ARCC) has been downgraded to Hold in a report by Zacks Investment Research today.

Zacks Investment Research has downgraded Ares Capital Corporation (NASDAQ:ARCC) to Hold in a report released on 12/02/2016.

Previously on 11/30/2016, Zacks Investment Research reported on Ares Capital Corporation (NASDAQ:ARCC) increased the target price from $0.00 to $18.00. At the time, this indicated a possible upside of 0.12%.

Just yesterday Ares Capital Corporation (NASDAQ:ARCC) traded 0.00% even at $16.04. ARCC’s 50-day average is $15.46 and its two hundred day average is $15.20. With the last close up 5.55% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 2,143,050

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Ares Capital Corporation (NASDAQ:ARCC)

Ares Capital Corporation has a 52 week low of $12.31 and a 52 week high of $16.43 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 15 firms have reported on the stock. The consensus target price 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 Corporation (NASDAQ:ARCC)

Ares Capital Corporation is a specialty finance company that is 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. The Company invests primarily in the United States middle-market companies. The Company invests 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. The Company focuses on self-originating most of its investments by pursuing an array of investment opportunities in middle-market companies, venture capital backed businesses and power generation projects across multiple channels. It also makes preferred and/or common equity investments. The Company is externally managed by its investment advisor, Ares Capital Management LLC.

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