- Ares Capital Corporation stock price today and history
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Ares Capital Corporation stock price, ARU
Ares Capital Corporation stock chart:
Ares Capital Corporation close price: 25.98
Stock price forecast:
UP TO +0.96%
Total forecasts: 82
Reached: 45 (54.88%)
Total Win: 6.10 (23.72%)
Showing 1-10 of 534 items.
|Date of Forecast||Stock Price||Target Price||Forecast Reached Date|
Ares Capital Corporation latest news:
Home Capital shares spike as company responds to regulatory probe
TORONTO, April 21 (Reuters) - Shares in Home Capital Group
, Canada's biggest non-bank mortgage lender, rebounded
on Friday as the company said it would defend itself against
allegations by regulators that it withheld information about
fraud by mortgage brokers.
IBM price target sliced to $180 at RBC
Shares of IBM Corp. fell more than 5% premarket Wednesday as investors digested weaker-than-expected quarterly sales, and analysts unleashed a wave of bearish notes. RBC Capital Markets lowered its 12-month price target on IBM's stock to $180 from $185 and reiterated a sector perform rating, saying sales growth may be limited in the near term. Investors may be waiting for more tangible signs of earnings growth before getting bullish on the company, which has been transitioning to a cloud services company, RBC said. Analysts at Stifel took a longer approach, reiterating a buy rating and $192 price target. They said the post-earnings selloff may present an "opportunistic entry point." The average rating on the stock is the equivalent to neutral, while the average price target is $170.05, according to a FactSet survey of roughly 30 analysts. Shares of IBM traded around $160.96 in premarket trade. They've gained 2% in the past three months and 18% in the past year. The Dow Jones Industrial Average , a 30-member index that includes IBM, has increased 4% in the past three months and 14% in the past year. The broader S&P 500 is up 3.5% in three months and 11.5% in the past year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Carestream to sell dental digital business to funds managed by Clayton, Dubilier & Rice And Carecapital Advisors
* Carestream agrees to sell dental digital business to
clayton, dubilier & rice and hillhouse/carecapital
Yext IPO prices at $11, stock set to trade Thursday
Yext Inc. priced its initial public offering at $11 a share Wednesday, $1 higher than its projected range, pulling in at least $115.5 million at a valuation of $940 million as enterprise-software offerings continued to succeed on Wall Street. The New York tech startup, which helps businesses ensure the accuracy of locations and other data across digital platforms, is expected to begin trading Thursday morning on the New York Stock Exchange under the ticker symbol YEXT. Founded in 2006, Yext disclosed in IPO filings that it had a net loss of $43.2 million on revenue of $124.3 million in its most recent fiscal year, which ended Jan. 31. Both sales and losses increased from the prior year, when the company reported a net loss of $26.5 million on revenue of $89.7 million. Yext raised more than $117 million in private investment, according to Crunchbase, and the IPO prospectus showed shares selling for $5.81 in its most recent round of venture funding, in 2014. Four venture-capital firms -- Sutter Hill Ventures, Institutional Venture Partners, Marker Financial Advisors and Insight Venture Partners -- held more than 10% of the company ahead of the IPO, with Sutter Hill leading the way with 23.6% of the company. No investors are selling shares in the IPO; Yext will take all of the proceeds on the sale of 10.5 million shares, and underwriting banks have access to an additional 1.6 million shares that they could potentially sell. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Amazon's stock heads toward 5th straight record high after bullish analyst note
Shares of Amazon.com Inc. were up 1.4% in afternoon trade Tuesday, putting them on track to reach the longest stretch of record closes in 1 1/2 years. The stock was headed for a seventh straight gain, which would be the longest win streak since the seven-day streak ending last Aug. 12. The stock was also set to close at a record high for a fifth straight session, the longest such stretch since the five-session stretch ending Oct. 29, 2015. During the current record streak, the shares have rallied 5.7%, the best five-day performance since the stock climbed 6.3% over the five sessions ending Jan. 9, 2017. Helping fuel Tuesday's gain, a BMO Capital Markets analyst upped his share-price target to $1,200, which implied potential for a further 33% rally from current levels, citing the e-commerce giant's burgeoning advertising business. Amazon's stock has soared 21% in 2017, while the S&P 500 has gained 5.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
TRC to Go Private in $554M Deal
Shares of engineering, environmental consulting and construction management firm TRC Cos (TRR). soared Friday, March 31, on news that private equity firm New Mountain Capital is acquiring the company in an all-cash deal valued at $17.55 a share or $554.4 million.
Amazon's stock surges toward third-straight record after analyst sets $1,100 price target
Shares of Amazon.com Inc. rallied 1.1% toward a third-straight record high, and fifth-straight gain, after a Loop Capital issued a bullish research note on the e-commerce giant. The stock has now run up 4.8% this week, and over 18% so far this year, while the technology-heavy Nasdaq 100 Index has climbed 12% year to date and the S&P 500 has gained 5.7%. Analyst Blake Harper at Loop Capital initiated coverage of Amazon at buy, on the belief Amazon will continue to be the market-leading online retailer and cloud-based services provider. He set his stock price target of $1,100, which is 24% above current levels, and the third highest of the 46 analysts surveyed by FactSet. "We view the company as a giant optimization engine for physical and digital distribution, with an innovation philosophy that should enable it to succeed in multiple new markets," Harper wrote in a note to clients. "We expect the cloud business--Amazon Web Services (AWS)--to be spun off in the future, with a potential value of over $200 billion."Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
TRC Companies to be bought out at a 47% premium
TRC Companies Inc. announced Friday a deal to be acquired by New Mountain Partners IV in a deal that values the construction management firm at about $554.6 million. Under terms of the deal, New Mountain, a fund managed by New York's New Mountain Capital, will pay $17.55 a share in cash for each TRC share outstanding, representing a 47% premium to Thursday's closing price of $11.95. TRC has about 31.6 million shares outstanding, according to FactSet. "This transaction will deliver immediate value to our shareholders while enabling TRC to continue to pursue its long-term growth strategy," said TRC Chief Executive Chris Vincze. "We are confident this partnership with New Mountain Capital represents the best path forward for all of TRC's stakeholders." The stock, which was halted for news, has rallied 13% year to date, while the S&P 500 has gained 5.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Credit Suisse Shares Sink to December Lows on Capital Hike Report
Credit Suisse(CS) fell to a three-and-a-half-month low in Zuirch Thursday amid speculation the bank may opt for a share sale instead of floating a portion of its domestic Swiss business in order to shore up its balance sheet.
Valeant sinks on media report Bill Ackman sold stake
Shares of Valeant Pharmaceuticals International Inc. (VRX) sank in Monday's extended session following a CNBC report that hedge fund manager Bill Ackman has sold his stake in the company and plans to step down from the board. Ackman had steadfastedly expressed support for the drug company even after the company's stock plunged in the aftermath of an accounting scandal. Ackman's Pershing Square Capital owned 2.88 million shares, or 9.96% of the company, at the end of 2016. Valeant...
Deutsche Bank Shares Tumble In Frankfurt After $8.5 Billion Capital Raising Confirmation
Deutsche Bank AG(DB) stock fell sharply in Frankfurt Monday after Europe's biggest bank confirmed it will raise around €8 billion in capital from shareholders and plan the partial sale of its asset management business. Deutsche Bank (DB) shares fell more than 7%, or €1.37, in early trading before paring the loss to around 5.5% and were changing hands at €18.20 each by 08:30.
Deutsche Bank says prepares $8.5 billion capital increase
Deutsche Bank is preparing for a potential capital increase of about 8 billion euros, it said in a statement on Friday. It is also examining several strategic measures, including retaining its Postbank unit and integrating it with its other German retail business as well as an initial public offering of a minority stake in its asset management business, it said.
Deutsche Bank says prepares 8 billion euro capital increase
FRANKFURT, March 3 (Reuters) - Deutsche Bank is
preparing for a potential capital increase of about 8 billion
euros ($8.5 billion), it said in a statement on Friday.
Tesla shares downgraded to sell at CFRA
CFRA on Thursday cut its rating on Tesla Inc. to sell from hold, saying that while they see "a clearer path towards Model 3 production, we still see execution and other risks to the timing of and achievement of targets," analyst Efraim Levy said in a note. "We expect (Tesla) to go to market this year to raise capital," he said. Levy raised his price target on the shares by $35 to $240, reflecting expectations of "rapid sales growth" for the mass-market sedan as the car's launch approaches. Tesla reported mixed fourth-quarter results late Wednesday. Wall Street cheered Model 3 being on track for sales later this year, and braced for a likely capital raise in the near term. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Seacoast reports commencement of common stock offering
* Seacoast Banking Corporation Of Florida- offering will
consist of shares to be sold by co and shares to be sold by
Capgen Capital Group III Lp
Source text for Eikon:
Further company coverage:
Deckers Outdoor shares jump after Marcato Capital discloses 6% stake
Shares of Deckers Outdoor Corp. jumped 6.6% in late trade Wednesday, after Marcato Capital Management said it had purchased 1.9 million shares in the company, equal to a 6% stake. The hedge fund made the disclosure in a filing with the Securities and Exchange Commission. Deckers sells footwear, clothing and accessories for casual wear and outdoor activities. Shares have gained 0.2% in the last 12 months, underperforming the S&P 500 , which has gained 24%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Allergan's stock rallies after adjusted profit and sales beat expectations
Shares of Allergan PLC surged 1.8% in premarket trade Wednesday, after the biopharmaceutical company reported fourth-quarter adjusted profit and sales that beat expectations. For the quarter to Dec. 31, the net loss was $70.2 million, or 20 cents a share, compared with a loss of $700.5 million, or $1.78 a share, in the same period a year ago. Excluding non-recurring items, such as research and development-related charges and impairment, adjusted earnings per share came to $3.90, above the FactSet consensus of $3.75. Revenue rose to $3.86 billion from $3.61 billion, beating the FactSet consensus of $3.77 billion. "2016 was a year of transformation for Allergan. We are now a branded biopharmaceutical leader, focused on delivering sustainable revenue growth, advancing our pipeline, maintaining industry leading margins and allocating capital to maximize shareholder return," said Chief Executive Brent Saunders. Looking ahead, Allergan expects first-quarter revenue of about $3.50 billion, below the FactSet consensus of $3.61 billion, but expects 2017 revenue in the range of $15.50 billion to $15.80 billion, above expectations of $15.32 billion. The stock has dropped 13% over the past 12 months through Tuesday, while the S&P 500 has climbed 24%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
K12's stock rallies after DeVos confirmed as Secretary of Education
Shares of K12 Inc. rallied 1% in afternoon trade Tuesday, after Vice President Pence broke a tie to confirm Betsy DeVos as the next Secretary of Education. "While somewhat of a controversial choice, we believe this appointment will be positive for the private sector (for-profit) education sector, specifically in the K-12 segment where Ms. Devos has been a strong proponent of school reform, particularly charter schools," Analyst Jeffrey Silber at BMO Capital Markets wrote in a note to clients. "This could be a positive for K12 Inc., which helps to manage virtual charter schools." K12's stock has lost 8.1% since closing at a 2 1/2-year high of $20.19 on Jan. 30, but was still up 66% since the election. Among shares of other for-profit education companies, Career Education Corp.'s slipped 0.8% Tuesday but has climbed 32% since the election; DeVry Education Group Inc.'s shed 2% on Tuesday but has run up 38% since the election; and Capella Education Co.'s dropped 1.1% Tuesday, but has rallied 12% since the election. Meanwhile, the S&P 500 was little changed Tuesday, but has gained 7.2% since the election.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Kimbell Royalty IPO to begin trade Friday after pricing at $18 a share
Kimbell Royalty Partners L.P. said it priced its initial public offering of 5 million shares at $18 a share, to raise $90 million. The new shares will begin trading Friday on the New York Stock Exchange under the ticker symbol "KRP." The Texas-based oil and gas mineral master limited partnership said it has granted the underwriters of the IPO a 30-day option to buy up to an additional 750,000 shares. Raymond James is the lead book-running manager, and RBC Capital Markets and Stifel are joint book-running managers. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Laureate Education shares slump in market debut
Shares of Laureate Education Inc. , a for-profit college company, slumped 8% in the company's debut on the Nasdaq Wednesday. The company priced its offering at $14 and sold 35 million shares to raise $490 million. The company gave its underwriters a 30-day option to buy up to 5.25 million additional shares at the IPO issue price. Shares were trading at $12.91 midday Wednesday. Credit Suisse, Morgan Stanley & Co and Barclays Capital were the lead underwriters on the offering. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Shares of Permian play Jagged Peak tumble more than 6% in trading debut
Shares of Jagged Peak Energy Inc. fell sharply on their first day of trading Friday, after the Permian Basin crude producer priced its initial public offering below its range. Jagged Peak sold 31.6 million shares at $15 a pop late Thursday to raise $474 million. The expected price range was $16 to $18 a share. Shares are trading on the New York Stock Exchange under the ticker symbol "JAG". The company is planning to use the proceeds of the IPO to repay debt and fund part of its 2017 capital program. Citigroup, Credit Suisse, J.P. Morgan, Goldman, Sachs & Co., RBC Capital Markets and Wells Fargo Securities were joint book-runners for the deal. Shares were last trading down 6.4% at $14.04. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Novan stock halted on news of 'discordant' statistical significance among two late-stage acne drug trials
Novan Inc. shares were halted in pre-market trade Friday before the company said two phase 3 clinical trials for its topical acne treatment had different results, with one showing statistical significance for all three co-primary endpoints but another showing significance on only one. Chief Executive Officer Nathan Stasko said the company was "pleased" with the successful trial but "disappointed with the discordant results" of the other trial. The company hasn't yet received the full data set but will provide an update on the acne drug program after more analysis, he said. Cash on hand should fund operations through the end of 2017, with capital allocation depending on the complete analysis of the latest results and other data, the company said. Novan shares have sunk 10.5% over the last three months, compared with a 7.7% rise in the S&P 500 . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Chevron shares slide 3% premarket as company misses profit and revenue estimates
Chevron Corp. shares fell 3% in premarket trade Friday, after the company missed profit and revenue estimates for the fourth quarter. The first oil major to report earnings for the fourth quarter said it had net income of $415 million, or 22 cents a share, in the quarter, after a loss of $588 million, or 31 cents a share, in the year-earlier period. Revenue rose to $31.497 billion from $29.247 billion. The FactSet consensus was for earnings of 64 cents a share and revenue of $36.964 billion. "Our 2016 earnings reflect the low oil and gas prices we saw during the year," said CEO John Watson. The company cut capital and operating costs by $14 billion in 2016, leaving it in good share to improve earnings and cash flow in 2017, he said. Shares have gained 40% in the last 12 months, while the S&P 500 has gained 22%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Bob Evans Farms to sell restaurants and buy potatoes, stock soars
Bob Evans Farms Inc. announced a pair of acquisitions Tuesday along with an executive change meant to focus the company on grocery store sales, and shares jumped 10% in late trading. Bob Evans said that it would sell its chain of Bob Evans Restaurants to private equity firm Golden Gate Capital for $565 million plus the transfer of certain liabilities, with the cash used to pay down debt and issue a special $7.50-per-share dividend to stockholders. Bob Evans also said it has agreed to purchase Pinelands Farm Potato Company for $115 million financed with debt, beefing up its offerings of refrigerated side dishes for home consumption. Current Chief Executive Saed Mohseni will remain in charge of the restaurant division after the sale, while the president of the Bob Evans foods division, former co-CEO Mike Townsley, will take over the CEO role for Bob Evans Farms. Mohseni called the moves, made after a board review of the company's business, "a major step in our strategic transformation." "The sale of Bob Evans Restaurants enables us to concentrate exclusively on BEF Foods, our fastest growing and most profitable segment," Mohseni said in the announcement. Bob Evans also reaffirmed its forecast of full fiscal-year adjusted earnings at $2.15 to $2.30 a share, established guidance for 2018 fiscal year revenue at $470 million, and said it would target continued quarterly dividends of 34 cents a share. Shares, which closed with a 0.4% loss at $47.95, jumped to nearly $53 in late trading.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Ares Capital CorporationARY
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Ares Dynamic Credit Allocation FundARDC
Ares Management L.P.ARES
Ares Multi-Strategy Credit FundARMF
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Arlington Asset Investment CorpAIC
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