Ares Capital Company Profile (NASDAQ:ARCC)

About Ares Capital (ARCC)

Ares Capital logoAres 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.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Diversified Investments
  • Sub-Industry: Asset Management & Custody Banks
  • Exchange: NASDAQ
  • Symbol: ARCC
  • CUSIP: 04010L10
Key Metrics:
  • Previous Close: $17.28
  • 50 Day Moving Average: $17.50
  • 200 Day Moving Average: $16.34
  • 52-Week Range: $13.85 - $17.87
  • Trailing P/E Ratio: 11.44
  • Foreward P/E Ratio: 10.11
  • P/E Growth: 3.56
  • Market Cap: $7.36B
  • Beta: 0.69
Profitability:
  • Net Margins: 40.83%
  • Return on Equity: 9.57%
  • Return on Assets: 5.34%
Debt:
  • Debt-to-Equity Ratio: 0.71%
  • Current Ratio: 1.30%
  • Quick Ratio: 1.30%

Analyst Ratings

Consensus Ratings for Ares Capital (NASDAQ:ARCC) (?)
Ratings Breakdown: 2 Hold Ratings, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.75)
Consensus Price Target: $17.93 (3.75% upside)

Analysts' Ratings History for Ares Capital (NASDAQ:ARCC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/6/2017Citigroup IncBoost Price TargetBuy$16.00 -> $19.00N/AView Rating Details
2/24/2017National SecuritiesBoost Price TargetNeutral$16.00 -> $18.00N/AView Rating Details
2/23/2017Jefferies Group LLCReiterated RatingBuy$17.50 -> $19.50N/AView Rating Details
1/8/2017Barclays PLCSet Price TargetBuy$18.00N/AView Rating Details
1/4/2017Wells Fargo & CoReiterated RatingBuyN/AView Rating Details
11/3/2016JMP SecuritiesReiterated RatingBuyN/AView Rating Details
10/31/2016Janney Montgomery ScottInitiated CoverageNeutral$16.50N/AView Rating Details
8/4/2016Keefe, Bruyette & WoodsBoost Price TargetOutperform$17.00 -> $17.50N/AView Rating Details
2/24/2016Cantor FitzgeraldReiterated RatingHold$16.00N/AView Rating Details
11/2/2015BMO Capital MarketsInitiated CoverageMarket PerformN/AView Rating Details
10/1/2015MacquarieUpgradeNeutral -> Outperform$17.00N/AView Rating Details
9/30/2015DA DavidsonInitiated CoverageBuy$17.00N/AView Rating Details
8/28/2015Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$17.00N/AView Rating Details
6/6/2015Morgan StanleyReiterated RatingEqual WeightN/AView Rating Details
5/9/2015GuggenheimReiterated RatingBuy$18.50 -> $18.00N/AView Rating Details
5/4/2015BB&T Co.Reiterated RatingBuy -> HoldN/AView Rating Details
(Data available from 3/22/2015 forward)

Earnings

Earnings History for Ares Capital (NASDAQ:ARCC)
Earnings by Quarter for Ares Capital (NASDAQ:ARCC)
Earnings History by Quarter for Ares Capital (NASDAQ:ARCC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/2/2017        
2/22/2017Q416$0.39$0.42$244.50 millionViewListenView Earnings Details
11/2/2016Q316$0.39$0.43$39.72 millionViewN/AView Earnings Details
8/3/2016Q216$0.38$0.39$250.55 millionViewN/AView Earnings Details
5/4/2016Q116$0.39$0.37$255.19 million$248.00 millionViewN/AView Earnings Details
2/24/2016Q415$0.39$0.40$256.38 millionViewListenView Earnings Details
11/4/2015Q315$0.38$0.41$253.36 million$260.95 millionViewN/AView Earnings Details
8/4/2015Q215$0.38$0.37$246.24 million$249.48 millionViewN/AView Earnings Details
5/4/2015$0.39$0.37$254.93 millionViewN/AView Earnings Details
2/26/2015Q414$0.39$0.42$253.76 millionViewN/AView Earnings Details
11/4/2014Q414$0.38$0.40$242.60 millionViewN/AView Earnings Details
8/5/2014Q314$0.38$0.34$231.50 million$224.92 millionViewN/AView Earnings Details
5/6/2014Q214$0.39$0.38$230.70 million$239.70 millionViewN/AView Earnings Details
2/26/2014Q114$0.41$0.47$231.67 millionViewN/AView Earnings Details
11/5/2013Q413$0.40$0.48$213.33 millionViewN/AView Earnings Details
8/6/2013Q2 2013$0.39$0.38$200.63 millionViewN/AView Earnings Details
5/7/2013Q1 2013$0.40$0.38$194.41 millionViewN/AView Earnings Details
2/27/2013Q4 2012$0.41$0.45$197.05 millionViewN/AView Earnings Details
11/5/2012Q312$0.41$0.42$185.92 millionViewN/AView Earnings Details
8/7/2012$0.39$0.40ViewN/AView Earnings Details
5/8/2012$0.39$0.38ViewN/AView Earnings Details
2/28/2012$0.39$0.48ViewN/AView Earnings Details
11/8/2011$0.37$0.43ViewN/AView Earnings Details
8/4/2011$0.34$0.34ViewN/AView Earnings Details
5/3/2011$0.35$0.31ViewN/AView Earnings Details
3/1/2011$0.35$0.42ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Ares Capital (NASDAQ:ARCC)
Current Year EPS Consensus Estimate: $1.61 EPS
Next Year EPS Consensus Estimate: $1.71 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20166$0.38$0.40$0.39
Q2 20163$0.37$0.40$0.38
Q3 20164$0.38$0.40$0.39
Q4 20165$0.38$0.41$0.39
Q1 20173$0.38$0.39$0.38
Q2 20173$0.38$0.42$0.40
Q3 20173$0.38$0.42$0.40
Q4 20173$0.41$0.42$0.41
Q1 20182$0.41$0.42$0.42
Q2 20182$0.42$0.44$0.43
Q3 20182$0.43$0.43$0.43
Q4 20182$0.43$0.45$0.44
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Ares Capital (NASDAQ:ARCC)
Next Dividend:3/31/2017
Annual Dividend:$1.52
Dividend Yield:8.80%
Payout Ratio:115.15% (Trailing 12 Months of Earnings)
94.41% (Based on This Year's Estimates)
88.89% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Ares Capital (NASDAQ:ARCC)

Dividend History by Quarter for Ares Capital (NASDAQ:ARCC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/22/2017quarterly$0.388.56%3/13/20173/15/20173/31/2017
11/2/2016quarterly$0.389.98%12/13/201612/15/201612/30/2016
8/3/2016quarterly$0.389.88%9/13/20169/15/20169/30/2016
5/4/2016quarterly$0.389.96%6/13/20166/15/20166/30/2016
2/24/2016quarterly$0.383/11/20163/15/20163/31/2016
11/4/2015quarterly$0.389.7%12/11/201512/15/201512/31/2015
8/4/2015quarterly$0.389.53%9/11/20159/15/20159/30/2015
5/4/2015quarterly$0.389.14%6/11/20156/15/20156/30/2015
2/26/2015quarterly$0.388.79%3/11/20153/13/20153/31/2015
11/5/2014quarterly$0.389.42%12/11/201412/15/201412/31/2014
8/5/2014quarterly$0.389.17%9/11/20149/15/20149/30/2014
5/6/2014quarterly$0.389.07%6/12/20146/16/20146/30/2014
2/26/2014quarterly$0.388.42%3/12/20143/14/20143/31/2014
11/5/2013special$0.058.67%3/12/20143/14/20143/28/2014
11/5/2013special$0.058.67%12/12/201312/16/201312/31/2013
11/5/2013quarterly$0.388.67%12/12/201312/16/201312/31/2013
8/6/2013quarterly$0.388.8%9/12/20139/16/20139/30/2013
5/7/2013quarterly$0.388.38%6/12/20136/14/20136/28/2013
2/27/2013quarterly$0.388.21%3/13/20133/15/20133/29/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Ares Capital (NASDAQ:ARCC)
Insider Ownership Percentage: 0.57%
Institutional Ownership Percentage: 39.07%
Insider Trades by Quarter for Ares Capital (NASDAQ:ARCC)
Institutional Ownership by Quarter for Ares Capital (NASDAQ:ARCC)
Insider Trades by Quarter for Ares Capital (NASDAQ:ARCC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/16/2017Steve BartlettDirectorBuy200$17.29$3,458.00View SEC Filing  
12/20/2016Steve BartlettDirectorBuy200$16.00$3,200.00View SEC Filing  
11/21/2016Steve BartlettDirectorBuy200$15.78$3,156.00View SEC Filing  
10/20/2016Steve BartlettDirectorBuy200$15.37$3,074.00View SEC Filing  
9/20/2016Steve BartlettDirectorBuy200$15.60$3,120.00View SEC Filing  
8/22/2016Steve BartlettDirectorBuy200$15.72$3,144.00View SEC Filing  
8/15/2016Mitchell S GoldsteinInsiderBuy6,472$15.45$99,992.40View SEC Filing  
7/20/2016Steve BartlettDirectorBuy200$14.77$2,954.00View SEC Filing  
6/20/2016Steve BartlettDirectorBuy200$14.20$2,840.00View SEC Filing  
5/20/2016Steve BartlettDirectorBuy200$15.12$3,024.00View SEC Filing  
4/20/2016Steve BartlettDirectorBuy200$15.05$3,010.00View SEC Filing  
3/21/2016Steve BartlettDirectorBuy200$14.26$2,852.00View SEC Filing  
3/11/2016R. Kipp DeveerCEOBuy40,000$13.90$556,000.00View SEC Filing  
3/8/2016Scott C LemCAOBuy1,800$14.00$25,200.00View SEC Filing  
2/26/2016Michael J AroughetiEVPBuy90,000$13.55$1,219,500.00View SEC Filing  
2/25/2016Mitchell S GoldsteinInsiderBuy19,200$12.97$249,024.00View SEC Filing  
2/22/2016Steve BartlettDirectorBuy100$12.85$1,285.00View SEC Filing  
1/20/2016Steve BartlettDirectorBuy100$13.20$1,320.00View SEC Filing  
12/21/2015Steve BartlettDirectorBuy100$14.08$1,408.00View SEC Filing  
9/14/2015Bates Ann TorreDirectorBuy8,126$14.87$120,833.62View SEC Filing  
8/24/2015Penelope F RollCFOBuy7,500$15.22$114,150.00View SEC Filing  
8/14/2015Steven B MckeeverDirectorBuy1,835$16.13$29,598.55View SEC Filing  
3/12/2015Robert L RosenDirectorBuy7,500$16.77$125,775.00View SEC Filing  
3/6/2015Robert L RosenDirectorBuy5,000$17.57$87,850.00View SEC Filing  
3/4/2015Robert L RosenDirectorBuy7,500$17.41$130,575.00View SEC Filing  
1/20/2015Steve BartlettDirectorBuy100$15.97$1,597.00View SEC Filing  
12/15/2014Penelope F RollCFOBuy2,000$15.04$30,080.00View SEC Filing  
12/4/2014Scott C LemCAOBuy1,250$16.00$20,000.00View SEC Filing  
11/26/2014Scott C LemCAOBuy1,225$16.33$20,004.25View SEC Filing  
11/5/2014Joshua M BloomsteinVPBuy2,500$16.20$40,500.00View SEC Filing  
11/5/2014Michael J AroughetiEVPBuy60,000$16.20$972,000.00View SEC Filing  
11/5/2014Penelope F RollCFOBuy3,000$16.14$48,420.00View SEC Filing  
8/7/2014R. Kipp DeveerCEOBuy10,000$16.51$165,100.00View SEC Filing  
8/7/2014Scott C LemCAOBuy1,462$16.97$24,810.14View SEC Filing  
8/6/2014Joshua M BloomsteinVPBuy1,500$16.41$24,615.00View SEC Filing  
8/6/2014Penelope F RollCFOBuy6,000$16.43$98,580.00View SEC Filing  
8/6/2014Scott C LemCAOBuy300$16.48$4,944.00View SEC Filing  
5/30/2014Scott C LemCAOBuy287$17.24$4,947.88View SEC Filing  
5/16/2014Scott C LemCAOBuy300$16.81$5,043.00View SEC Filing  
5/15/2014Michael Lewis SmithEVPBuy10,000$16.75$167,500.00View SEC Filing  
5/13/2014Joshua BloomsteinVPBuy5,000$16.61$83,050.00View SEC Filing  
5/9/2014Michael AroughetiCEOBuy50,000$16.60$830,000.00View SEC Filing  
3/7/2014Scott C LemCAOBuy275$17.88$4,917.00View SEC Filing  
12/3/2013Steven MckeeverDirectorBuy1,650$18.16$29,964.00View SEC Filing  
11/13/2012Steve BartlettDirectorBuy1,000$16.89$16,890.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Ares Capital (NASDAQ:ARCC)
Latest Headlines for Ares Capital (NASDAQ:ARCC)
Source:
DateHeadline
fool.com logoBetter Buy: Main Street Capital vs. Ares Capital (NASDAQ:ARCC)
us.rd.yahoo.com - February 28 at 3:50 PM
finance.yahoo.com logoAres’ Jacobson Sees Changes in European Credit Markets (NASDAQ:ARCC)
finance.yahoo.com - February 28 at 3:50 PM
us.rd.yahoo.com logoARCC’s Net Investments Rose on Senior Secured Loans in 4Q16 (NASDAQ:ARCC)
us.rd.yahoo.com - February 27 at 3:43 PM
finance.yahoo.com logoAres Capital Corporation Highlights Fourth Quarter 2016 Financing Commitments (NASDAQ:ARCC)
finance.yahoo.com - February 27 at 8:08 AM
finance.yahoo.com logoARES CAPITAL CORP Financials (NASDAQ:ARCC)
finance.yahoo.com - February 25 at 3:30 PM
finance.yahoo.com logoEdited Transcript of ARCC earnings conference call or presentation 22-Feb-17 5:00pm GMT (NASDAQ:ARCC)
finance.yahoo.com - February 23 at 3:38 PM
seekingalpha.com logoAres Capital's (ARCC) CEO Kipp deVeer on Q4 2016 Results - Earnings Call Transcript (NASDAQ:ARCC)
seekingalpha.com - February 23 at 1:39 AM
nasdaq.com logoPre-Market Earnings Report for February 22, 2017 : TJX, SO, HCN, DISH, HST, NCLH, GRMN, ARCC, NI, UTHR, LAMR ... - Nasdaq (NASDAQ:ARCC)
www.nasdaq.com - February 22 at 3:36 PM
marketwatch.com logo10-K: ARES CAPITAL CORP (NASDAQ:ARCC)
www.marketwatch.com - February 22 at 11:25 AM
biz.yahoo.com logoARES CAPITAL CORP Files SEC form 10-K, Annual Report (NASDAQ:ARCC)
us.rd.yahoo.com - February 22 at 11:25 AM
us.rd.yahoo.com logoAres Capital Corporation Declares First Quarter 2017 Dividend of $0.38 Per Share and Announces December 31, 2016 Financial Results (NASDAQ:ARCC)
us.rd.yahoo.com - February 22 at 11:25 AM
us.rd.yahoo.com logo8:03 am Ares Capital beats by $0.03 (NASDAQ:ARCC)
us.rd.yahoo.com - February 22 at 11:25 AM
biz.yahoo.com logoARES CAPITAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Financ (NASDAQ:ARCC)
us.rd.yahoo.com - February 22 at 11:25 AM
nasdaq.com logoAres Capital Corporation Named Top Dividend Stock With Insider Buying and 8.64% Yield (NASDAQ:ARCC)
www.nasdaq.com - February 16 at 8:43 PM
nasdaq.com logoAres Capital Corporation Named Top Dividend Stock With Insider Buying and 8.64% Yield (NASDAQ:ARCC)
www.nasdaq.com - February 16 at 8:43 PM

Social

Frequently Asked Questions for Ares Capital (NASDAQ:ARCC)

What is Ares Capital's stock symbol?

Ares Capital trades on the NASDAQ under the ticker symbol "ARCC."

How often does Ares Capital pay dividends? What is the dividend yield for Ares Capital?

Ares Capital declared a quarterly dividend on Wednesday, February 22nd. Investors of record on Wednesday, March 15th will be given a dividend of $0.38 per share on Friday, March 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date is Monday, March 13th.

How were Ares Capital's earnings last quarter?

Ares Capital Co. (NASDAQ:ARCC) released its quarterly earnings results on Wednesday, February, 22nd. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.39 by $0.03. Ares Capital had a return on equity of 9.57% and a net margin of 40.83%. During the same quarter last year, the company posted $0.40 EPS.

When will Ares Capital make its next earnings announcement?

Ares Capital is scheduled to release their next quarterly earnings announcement on Tuesday, May, 2nd 2017.

Where is Ares Capital's stock going? Where will Ares Capital's stock price be in 2017?

8 analysts have issued 1 year target prices for Ares Capital's stock. Their predictions range from $16.50 to $19.50. On average, they expect Ares Capital's share price to reach $17.93 in the next year.

What are analysts saying about Ares Capital stock?

Here are some recent quotes from research analysts about Ares Capital stock:

  • 1. National Securities analysts commented, "• ARCC reported core NII/share of $0.42/share for 4Q16 versus consensus estimates of $0.39 and our estimate of $0.40. The beat was largely attributable to higher capital structure servicing fees.
    • The company was granted exemptive relief to co-invest with other Ares funds. This enables ARCC to take down larger size deals without dealing with syndication risk, making ARCC more attractive to sponsors and enabling them to command better pricing on large deals due to them being able to provide certainty of closing.
    • With the completion of the American Capital acquisition ARCC will likely rotate out of European buyouts, controlled buyout names, and other non-strategic portfolios such as third party CLO (collateralized loan obligation) investments. Additionally, the SDLP (Senior Direct Lending Program) will have more room to grow to replace the SSLP (Senior Secured Loan Program) with Antares that is running off which should serve to offset some yield pressure.
    • We are revising our 2017 core NII/share estimate to $1.64 from $1.62 and are rolling out our 2018 core NII/share estimate of $1.68.
    " (2/24/2017)
  • 2. Jefferies Group LLC analysts commented, "ARCC reported core NOI per share of $0.42 ahead of our estimate, as another quarter of larger transactions/syndications drove elevated fee income. ARCC remains selective, acknowledging the ongoing competitive environment. We remain favorable on ARCC given numerous earnings tailwinds including rising rates, ACAS integration and the wind-down of the SSLP, which should ease yield headwinds. We maintain our Buy rating and increase our PT to $19.50." (2/23/2017)
  • 3. According to Zacks Investment Research, "ARES CAPITAL CORPORATION is a specialty finance company that is a closed-end, non-diversified management investment company. Ares Capital Corporation has elected to be regulated as a business development company under the Investment Company Act of 1940. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. Ares Capital Corporation invests primarily in first and second lien senior loans and mezzanine debt, which in some cases includes an equity component, and, to a lesser extent, in equity investments in private U.S. middle market companies. " (2/6/2017)

Are investors shorting Ares Capital?

Ares Capital saw a decrease in short interest in February. As of February 28th, there was short interest totalling 5,364,250 shares, a decrease of 32.4% from the February 15th total of 7,939,356 shares. Based on an average trading volume of 3,045,639 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.3% of the shares of the stock are short sold.

Who owns Ares Capital stock?

Ares Capital's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Thornburg Investment Management Inc. (0.00%), FMR LLC (0.00%), Delphi Financial Group Inc. (0.00%), Edge Asset Management Inc. (0.00%), Clough Capital Partners L P (0.00%) and Two Sigma Investments LP (0.00%). Company insiders that own Ares Capital stock include Bates Ann Torre, Michael J Arougheti, Mitchell S Goldstein, Penelope F Roll, R Kipp Deveer, Scott C Lem, Steve Bartlett and Steven B Mckeever.

Who sold Ares Capital stock? Who is selling Ares Capital stock?

Ares Capital's stock was sold by a variety of institutional investors in the last quarter, including Freestone Capital Holdings LLC, Clough Capital Partners L P, FMR LLC, Columbia Wanger Asset Management LLC, Loomis Sayles & Co. L P, Tudor Investment Corp Et Al, Raiff Partners Inc. and First Republic Investment Management Inc..

Who bought Ares Capital stock? Who is buying Ares Capital stock?

Ares Capital's stock was bought by a variety of institutional investors in the last quarter, including Elliott Management Corp, Two Sigma Investments LP, Van ECK Associates Corp, Ancora Advisors LLC, Advisory Research Inc., TCW Group Inc., Guggenheim Capital LLC and Edge Asset Management Inc.. Company insiders that have bought Ares Capital stock in the last two years include Bates Ann Torre, Michael J Arougheti, Mitchell S Goldstein, Penelope F Roll, R Kipp Deveer, Scott C Lem, Steve Bartlett and Steven B Mckeever.

How do I buy Ares Capital stock?

Shares of Ares Capital can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Ares Capital stock cost?

One share of Ares Capital stock can currently be purchased for approximately $17.28.

Ares Capital (ARCC) Chart for Wednesday, March, 22, 2017

This page was last updated on 3/22/2017 by MarketBeat.com Staff