Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.
Industry, Sector and Symbol
Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone212-750-7300
Debt
Current Ratio2.41
Quick Ratio2.41
Price-To-Earnings
Sales & Book Value
Annual Sales$1.16 billion
Price / Sales5.96
Price / Cash Flow11.24
Price / Book0.97
Profitability
Net Income$667 million
Net Margins72.13%
Return on Assets5.43%
Miscellaneous
EmployeesN/A
OptionableOptionable
Ares Capital (NASDAQ:ARCC) Frequently Asked Questions
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, October 31st. Investors of record on Friday, December 14th will be given a dividend of $0.39 per share on Friday, December 28th. This represents a $1.56 annualized dividend and a dividend yield of 9.61%. The ex-dividend date of this dividend is Thursday, December 13th. View Ares Capital's Dividend History.
How will Ares Capital's stock buyback program work?
Ares Capital announced that its board has initiated a stock repurchase plan on Friday, April 7th 2017, which permits the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.
How were Ares Capital's earnings last quarter?
Ares Capital Co. (NASDAQ:ARCC) announced its quarterly earnings results on Wednesday, October, 31st. The investment management company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.05. The investment management company earned $342 million during the quarter, compared to analyst estimates of $320.15 million. Ares Capital had a net margin of 72.13% and a return on equity of 9.34%. Ares Capital's quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 EPS. View Ares Capital's Earnings History.
When is Ares Capital's next earnings date?
How can I listen to Ares Capital's earnings call?
Ares Capital will be holding an earnings conference call on Tuesday, February 12th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883176003.
What price target have analysts set for ARCC?
5 brokerages have issued 12-month price targets for Ares Capital's shares. Their predictions range from $17.00 to $19.00. On average, they expect Ares Capital's share price to reach $18.30 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price. View Analyst Price Targets for Ares Capital.
What is the consensus analysts' recommendation for Ares Capital?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Capital in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ares Capital.
Has Ares Capital been receiving favorable news coverage?
Media stories about ARCC stock have been trending positive on Thursday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Ares Capital earned a media sentiment score of 2.3 on InfoTrie's scale. They also gave media headlines about the investment management company a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the company's share price in the next few days.
Are investors shorting Ares Capital?
Ares Capital saw a increase in short interest in the month of December. As of December 14th, there was short interest totalling 8,448,752 shares, an increase of 23.9% from the November 30th total of 6,818,936 shares. Based on an average daily volume of 3,175,604 shares, the short-interest ratio is presently 2.7 days. Approximately 2.0% of the company's shares are sold short. View Ares Capital's Current Options Chain.
Who are some of Ares Capital's key competitors?
Some companies that are related to Ares Capital include Prospect Capital (PSEC), TPG Specialty Lending (TSLX), Golub Capital BDC (GBDC), New Mountain Finance (NMFC), Pennantpark Floating Rate Capital (PFLT), PennantPark Investment (PNNT), Capital Southwest (CSWC), Gladstone Investment (GAIN), Triplepoint Venture Growth BDC (TPVG), Arlington Asset Investment (AI), Oaktree Strategic Income (OCSI), Stellus Capital Investment (SCM), THL Credit (TCRD), Safeguard Scientifics (SFE) and OFS Capital (OFS).
Who are Ares Capital's key executives?
Ares Capital's management team includes the folowing people:
- Mr. Michael J. Arougheti, Exec. VP & Co-Chairman (Age 46)
- Mr. Bennett Rosenthal, Co-Founder and Co-Chairman (Age 55)
- Mr. Robert Kipp DeVeer III, Director & CEO (Age 45)
- Mr. Robert L. Rosen, Director (Age 72)
- Mr. Mitchell S. Goldstein CPA, CPA, Co-Pres (Age 51)
Who are Ares Capital's major shareholders?
Ares Capital's stock is owned by a number of of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (1.22%), LGT Capital Partners LTD. (0.40%), Sound Income Strategies LLC (0.22%), Sound Income Strategies LLC (0.22%), Sound Income Strategies LLC (0.20%) and Chicago Partners Investment Group LLC (0.06%). Company insiders that own Ares Capital stock include Bates Ann Torre, Eric B Siegel, Michael J Arougheti, Penelope F Roll, R Kipp Deveer and Steve Bartlett. View Institutional Ownership Trends for Ares Capital.
Which major investors are selling Ares Capital stock?
ARCC stock was sold by a variety of institutional investors in the last quarter, including Steward Partners Investment Advisory LLC, Sound Income Strategies LLC, DNB Asset Management AS, Chesley Taft & Associates LLC, Private Trust Co. NA and West Oak Capital LLC. View Insider Buying and Selling for Ares Capital.
Which major investors are buying Ares Capital stock?
ARCC stock was bought by a variety of institutional investors in the last quarter, including LGT Capital Partners LTD., Confluence Investment Management LLC, Sound Income Strategies LLC, Sound Income Strategies LLC, Chicago Partners Investment Group LLC, Ipswich Investment Management Co. Inc., Douglass Winthrop Advisors LLC and Cerebellum GP LLC. Company insiders that have bought Ares Capital stock in the last two years include Bates Ann Torre, Eric B Siegel, Michael J Arougheti, Penelope F Roll, R Kipp Deveer and Steve Bartlett. View Insider Buying and Selling for Ares Capital.
How do I buy shares of Ares Capital?
Shares of ARCC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ares Capital's stock price today?
One share of ARCC stock can currently be purchased for approximately $16.23.
How big of a company is Ares Capital?
Ares Capital has a market capitalization of $6.93 billion and generates $1.16 billion in revenue each year. The investment management company earns $667 million in net income (profit) each year or $1.39 on an earnings per share basis.
What is Ares Capital's official website?
How can I contact Ares Capital?
Ares Capital's mailing address is 245 PARK AVENUE 44TH FLOOR, NEW YORK NY, 10167. The investment management company can be reached via phone at 212-750-7300 or via email at [email protected]
MarketBeat Community Rating for Ares Capital (NASDAQ ARCC)
MarketBeat's community ratings are surveys of what our community members think about Ares Capital and other stocks. Vote "Outperform" if you believe ARCC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ARCC will underperform the S&P 500 over the long term. You may vote once every thirty days.
