Ares Capital Corporation Company Profile (NASDAQ:ARCC)

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

Ares Capital Corporation declared a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.38 per share on Friday, June 30th. This represents a $1.52 annualized dividend and a yield of 9.35%. The ex-dividend date is Tuesday, June 13th. View Ares Capital Corporation's Dividend History.

Ares Capital Corporation declared that its board has initiated a stock repurchase plan on Friday, April 7th 2017, which allows the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Ares Capital Corporation (NASDAQ:ARCC) issued its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.36 by $0.04. The firm had revenue of $275 million for the quarter, compared to analysts' expectations of $294.92 million. Ares Capital Corporation had a net margin of 44.29% and a return on equity of 9.32%. During the same quarter last year, the business posted $0.42 earnings per share. View Ares Capital Corporation's Earnings History.

Ares Capital Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Ares Capital Corporation.

9 brokerages have issued twelve-month target prices for Ares Capital Corporation's shares. Their predictions range from $15.00 to $19.50. On average, they anticipate Ares Capital Corporation's stock price to reach $17.81 in the next year. View Analyst Ratings for Ares Capital Corporation.

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

• 1. National Securities analysts commented, "• Ares missed significantly on core NII/share for the quarter at $0.32 versus consensus estimates of $0.38 and our estimate of $0.39. The miss was driven by lower fee income combined with a substantial increase in shares outstanding from the ACAS acquisition which officially closed during the quarter.
  • We are upgrading shares to BUY from NEUTRAL and increasing our price target to $19 from $18 on what we see as greater visibility into the combined company and a strategy which we expect management to execute on which should drive core NII growth. The negative reaction to the earnings last week provides a favorable entry point, in our opinion, and is more indicative of the market having a short-term view rather than looking at the big picture. Ares has a track record of large acquisitions and successful integration and we expect this will be the case with ACAS, the company will be able to write large checks and likely command favorable pricing in the upper middle market, the sale and recycling of ACAS assets into ARCC originations will increase portfolio yields significantly and drive earnings growth as we see it. Our $19 price target reflects a 14% premium to our 4Q18 NAV/share estimate of $16.83.
  • We are revising our 2017 core NII/share estimate to $1.59 from $1.64 and our 2018 core NII/share estimate to $1.72 from $1.68.
  " (5/8/2017)
• 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)

Some companies that are related to Ares Capital Corporation include 3i Infrastructure PLC (3IN), Hercules Capital (HTGC), Triangle Capital Corporation (TCAP), Ithaca Energy (IAE), Foresight Solar Fund Ltd (FSFL), TICC Capital Corp. (TICC), KCAP Financial (KCAP), GLI Finance Ltd (GLIF), Andalas Energy and Power PLC (ADL), Alcentra Capital Corp. (ABDC), American Capital Senior Floating (ACSF), Andalas Energy and Power PLC (CEB), Apollo Investment Corporation (AINV), BlackRock Capital Investment Corporation (BKCC), BlackRock Enhanced Global Dividend Trust (BOE), BlackRock LT Municipal Advantage Trust (BTA), Blackrock Taxable Municipal Bond Trust (BBN) and Capitala Finance Corp. (CPTA).

Ares Capital Corporation's management team includes the folowing people:

• Michael J. Arougheti, Co-Chairman of the Board
• Bennett Rosenthal, Co-Chairman of the Board
• Mitchell Goldstein, Co-President
• Michael L. Smith, Co-President
• R. Kipp deVeer III, Chief Executive Officer, Director
• Penelope F. Roll, Chief Financial Officer
• Scott C. Lem, Chief Accounting Officer, Vice President, Treasurer
• Miriam G. Krieger, Chief Compliance Officer
• Joshua M. Bloomstein, Vice President, General Counsel, Secretary
• Michael R. McFerran, Vice President, Assistant Treasurer

Ares Capital Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Thornburg Investment Management Inc. (0.00%), Muzinich & Co. Inc. (0.00%), FMR LLC (0.00%), Ameriprise Financial Inc. (0.00%), Confluence Investment Management LLC (0.00%) and Edge Asset Management Inc. (0.00%). Company insiders that own Ares Capital Corporation 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. View Institutional Ownership Trends for Ares Capital Corporation.

Ares Capital Corporation's stock was sold by a variety of institutional investors in the last quarter, including Pioneer Investment Management Inc., Palisade Capital Management LLC NJ, Advisors Capital Management LLC, State of New Jersey Common Pension Fund D, Henderson Group PLC, Brant Point Investment Management LLC, Segall Bryant & Hamill LLC and Quantitative Investment Management LLC. View Insider Buying and Selling for Ares Capital Corporation.

Ares Capital Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., Toronto Dominion Bank, Bank of Montreal Can, Columbia Wanger Asset Management LLC, Ares Management LLC, Clearbridge Investments LLC, Neuberger Berman Group LLC and Van ECK Associates Corp. Company insiders that have bought Ares Capital Corporation 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. View Insider Buying and Selling for Ares Capital Corporation.

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

One share of Ares Capital Corporation stock can currently be purchased for approximately $16.26.