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Investors boost stakes in Ares Capital despite earnings miss and lowered stock price target.
Argent Trust Co and Neuberger Berman Group LLC have increased their investments in Ares Capital Co. (NASDAQ:ARCC), despite the company missing earnings expectations.
Ares Capital, an investment firm focusing on middle-market companies, saw its stock price target lowered by Keefe, Bruyette & Woods from $23.00 to $22.00.
The company has a market cap of $13.58 billion, a PE ratio of 8.10, and a beta of 0.77.
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Los inversores aumentan las apuestas en Ares Capital a pesar de que las ganancias fallan y bajan el precio de las acciones.