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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers

Ares Capital (ARCC) Stock Forecast, Price & News

$19.47
-0.17 (-0.87%)
(As of 09/29/2023 ET)
Compare
Today's Range
$19.46
$19.79
50-Day Range
$19.07
$19.81
52-Week Range
$16.53
$20.17
Volume
3.69 million shs
Average Volume
2.50 million shs
Market Capitalization
$10.85 billion
P/E Ratio
11.80
Dividend Yield
9.86%
Price Target
$20.00

Ares Capital MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
2.7% Upside
$20.00 Price Target
Short Interest
Healthy
3.20% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.21mentions of Ares Capital in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.28%
From $2.34 to $2.31 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.65 out of 5 stars

Finance Sector

800th out of 879 stocks

Investors, Not Elsewhere Classified Industry

10th out of 15 stocks


ARCC stock logo

About Ares Capital (NASDAQ:ARCC) Stock

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 Price History

ARCC Stock News Headlines

66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
2 Top Dividend Stocks to Buy Now and Hold Forever
Ares Capital Stock Getting Closer To Key Technical Benchmark
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Business Development Corporations (BDCs)
Ares Capital: Still The BDC King Yielding 9.82%
Is Ares Capital Corporation Stock a Buy?
3 Smart Ways to Earn Yields of 9.4% or More
See More Headlines
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ARCC Company Calendar

Last Earnings
7/25/2023
Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Today
10/01/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$20.00
High Stock Price Forecast
$21.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+2.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$600 million
Pretax Margin
53.89%

Debt

Sales & Book Value

Annual Sales
$2.10 billion
Cash Flow
$2.11 per share
Book Value
$18.80 per share

Miscellaneous

Free Float
553,812,000
Market Cap
$10.85 billion
Optionable
Optionable
Beta
1.00
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Key Executives

  • Mr. Michael J. AroughetiMr. Michael J. Arougheti (Age 51)
    Co-Chairman & Exec. VP
  • Mr. Bennett Rosenthal (Age 60)
    Co-Founder & Co-Chairman
  • Mr. Robert Kipp DeVeer III (Age 50)
    CEO & Director
  • Mr. Mitchell S. Goldstein CPA (Age 56)
    CPA, Co-Pres
  • Mr. Kort Schnabel (Age 46)
    Co-Pres, Partner & Co-Head of U.S. Direct Lending
  • Ms. Penelope F. RollMs. Penelope F. Roll (Age 57)
    Chief Financial Officer
  • Ms. Jana Markowicz (Age 42)
    Chief Operating Officer
  • Mr. Scott C. Lem (Age 45)
    Chief Accounting Officer, VP & Treasurer
  • Mr. John W. Stilmar
    MD of Public Investor Relations & Communications
  • Ms. Lisa A. Morgan (Age 46)
    Chief Compliance Officer













ARCC Stock - Frequently Asked Questions

Should I buy or sell Ares Capital stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ares Capital in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023?

6 Wall Street analysts have issued 1-year price objectives for Ares Capital's stock. Their ARCC share price forecasts range from $18.00 to $21.00. On average, they expect the company's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 2.7% 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 2023?

Ares Capital's stock was trading at $18.47 on January 1st, 2023. Since then, ARCC stock has increased by 5.4% and is now trading at $19.47.
View the best growth stocks for 2023 here
.

When is Ares Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our ARCC earnings forecast
.

How were Ares Capital's earnings last quarter?

Ares Capital Co. (NASDAQ:ARCC) posted its quarterly earnings results on Tuesday, July, 25th. The investment management company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The investment management company earned $634 million during the quarter, compared to analysts' expectations of $623.26 million. Ares Capital had a net margin of 36.52% and a trailing twelve-month return on equity of 12.47%.

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

Ares Capital declared a quarterly dividend on Tuesday, July 25th. Investors of record on Friday, September 15th will be paid a dividend of $0.48 per share on Friday, September 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.86%. The ex-dividend date of this dividend is Thursday, September 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 9.86%. ARCC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 116.36%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ARCC will have a dividend payout ratio of 83.12% 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?
What is Ares Capital's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ares Capital's stock price today?

One share of ARCC stock can currently be purchased for approximately $19.47.

How much money does Ares Capital make?

Ares Capital (NASDAQ:ARCC) has a market capitalization of $10.85 billion and generates $2.10 billion in revenue each year. The investment management company earns $600 million in net income (profit) each year or $1.65 on an earnings per share basis.

How can I contact Ares Capital?

Ares Capital's mailing address is 245 PARK AVENUE 44TH FLOOR, NEW YORK NY, 10167. The official website for the company is www.arescapitalcorp.com. The investment management company can be reached via phone at (212) 750-7300, via email at irarcc@aresmgmt.com, or via fax at 212-750-1777.

This page (NASDAQ:ARCC) was last updated on 10/1/2023 by MarketBeat.com Staff

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