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Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
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How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory
NASDAQ:ARCC

Ares Capital (ARCC) Stock Price, News & Analysis

$20.28
-0.24 (-1.17%)
(As of 04/12/2024 ET)
Today's Range
$20.22
$20.58
50-Day Range
$19.94
$20.82
52-Week Range
$17.53
$20.86
Volume
2.83 million shs
Average Volume
3.31 million shs
Market Capitalization
$12.31 billion
P/E Ratio
7.60
Dividend Yield
9.47%
Price Target
$20.80

Ares Capital MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
2.6% Upside
$20.80 Price Target
Short Interest
Healthy
2.65% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.31mentions of Ares Capital in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-4.26%
From $2.35 to $2.25 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.21 out of 5 stars

Finance Sector

749th out of 847 stocks

Investors, Not Elsewhere Classified Industry

6th out of 14 stocks

ARCC stock logo

About Ares Capital Stock (NASDAQ:ARCC)

Ares Capital Corporation is a specialty finance provider offering small and mid-sized businesses customized financing solutions. Ares Capital Management LLC, a subsidiary of Ares Management Corporation, manages the company. ARCC specializes in acquisition, mezzanine debt, recapitalization, restructuring and leveraged buyout transactions. Ares Commercial Finance provides asset-based cash flow solutions to small and mid-market companies.

ARCC’s investment activities focus on industries such as software, health care services, commercial and professional services, diversified financials, etc. The company offers a range of debt instruments, from senior debt instruments to equity capital, focusing on senior secured debt and debt investments ranging from $10 million to $100 million. ARCC invests through revolvers, first-lien loans, second-lien loans, unitranche (flexible business debt) structures, warrants, mezzanine debt, private high yield, subordinated debt, junior capital and non-control preferred and common equity. The company’s commitment and hold range is $30 to $500 million, and the EBITDA range is $10 to $250 million for corporate customers.

ARCC seeks to generate current income and capital appreciation through debt and equity investments and works to maximize risk-adjusted returns throughout economic cycles. ARCC’s investment committee has over 28 years of relevant experience. It invests across various industries targeting leading companies with a history of stable demonstrated competitive advantages, cash flows, identifiable growth prospects and experienced management teams.

Benefits to portfolio companies, investors and financial sponsors include dedicated and experienced professionals, access to relationships and market intelligence, deal flow, research, infrastructure, due diligence and experience with the broader Ares Management Corporation platform. Shareholder returns come from net interest and dividends from fee income, investments, and in some cases, net capital gains from equity investments. ARCC’s long-term and short-term strategies focus on maximizing relative value through economic cycles and a multi-asset class track record and experience, disciplined growth concentrated on long-term value creation, capital preservation and a long-term patient investor with permanent capital.

On January 12, 2023, Ares Capital Corporation revealed its intention to make a public offering of 9 million shares of common stock with the possibility of an additional 1.35 million shares. This offering increased from their previous offering size of nine million shares and allowed the underwriters to purchase an additional 1.5 million shares. The necessary registration statement was filed with the Securities and Exchange Commission on June 3, 2021, and became effective on the day of filing. Morgan Stanley & Co. LLC, BofA Securities, UBS Investment Bank, RBC Capital Markets, LLC and Wells Fargo Securities were joint lead book-running managers.

The proceeds from the offering will repay outstanding debt from its debt facilities. Ares Capital may also use the money for general corporate purposes, such as investing in portfolio companies following its investment objective. As of December 31, 2022, Ares Capital is regulated as a business development company (BDC) and is the largest publicly traded BDC by market capitalization.

With its experienced investment committee, diverse industry investments and potential for long-term capital appreciation, ARCC is a unique finance provider in the specialty finance market.

ARCC Stock Price History

ARCC Stock News Headlines

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ARCC Mar 2024 21.000 put
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Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Today
4/13/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investors, not elsewhere classified
Sub-Industry
Asset Management & Custody Banks
Current Symbol
NASDAQ:ARCC
CUSIP
04010L10
Employees
N/A
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$20.80
High Stock Price Target
$21.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+2.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$1.52 billion
Pretax Margin
49.20%

Debt

Sales & Book Value

Annual Sales
$2.61 billion
Cash Flow
$2.38 per share
Book Value
$19.67 per share

Miscellaneous

Free Float
602,894,000
Market Cap
$12.31 billion
Optionable
Optionable
Beta
1.00
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Key Executives


ARCC Stock Analysis - Frequently Asked Questions

Should I buy or sell Ares Capital stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ares Capital in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ARCC shares.
View ARCC analyst ratings
or view top-rated stocks.

What is Ares Capital's stock price target for 2024?

4 brokerages have issued 1-year price targets for Ares Capital's shares. Their ARCC share price targets range from $20.00 to $21.00. On average, they expect the company's stock price to reach $20.80 in the next twelve months. This suggests a possible upside of 2.6% from the stock's current price.
View analysts price targets for ARCC
or view top-rated stocks among Wall Street analysts.

How have ARCC shares performed in 2024?

Ares Capital's stock was trading at $20.03 at the beginning of 2024. Since then, ARCC shares have increased by 1.2% and is now trading at $20.28.
View the best growth stocks for 2024 here
.

Are investors shorting Ares Capital?

Ares Capital saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 16,090,000 shares, a decrease of 11.5% from the March 15th total of 18,190,000 shares. Based on an average daily trading volume, of 3,690,000 shares, the short-interest ratio is presently 4.4 days.
View Ares Capital's Short Interest
.

When is Ares Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ARCC earnings forecast
.

How can I listen to Ares Capital's earnings call?

Ares Capital will be holding an earnings conference call on Wednesday, May 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-2561.

How were Ares Capital's earnings last quarter?

Ares Capital Co. (NASDAQ:ARCC) announced its earnings results on Wednesday, February, 7th. The investment management company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.03. The investment management company earned $707 million during the quarter, compared to analysts' expectations of $669.78 million. Ares Capital had a net margin of 58.22% and a trailing twelve-month return on equity of 12.50%. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS.

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

Ares Capital announced a quarterly dividend on Wednesday, February 7th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.48 per share on Friday, March 29th. This represents a $1.92 dividend on an annualized basis and a yield of 9.47%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for ARCC
.

Is Ares Capital a good dividend stock?

Ares Capital (NASDAQ:ARCC) pays an annual dividend of $1.92 per share and currently has a dividend yield of 9.36%. ARCC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 71.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, ARCC will have a dividend payout ratio of 85.33% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ARCC.

What other stocks do shareholders of Ares Capital own?
Who are Ares Capital's major shareholders?

Ares Capital's stock is owned by a number of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.68%), Melia Wealth LLC (0.12%), Salem Investment Counselors Inc. (0.05%), Global Assets Advisory LLC (0.05%), International Assets Investment Management LLC (0.04%) and Perennial Advisors LLC (0.03%). Insiders that own company stock include Mary Beth Henson, Michael J Arougheti, Michael Kort Schnabel, Michael Lewis Smith, Penelope F Roll and Steven B Mckeever.
View institutional ownership trends
.

How do I buy shares of Ares Capital?

Shares of ARCC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ARCC) was last updated on 4/13/2024 by MarketBeat.com Staff

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