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NASDAQ:ARCCAres Capital Stock Price, Forecast & News

$9.13
-0.52 (-5.39 %)
(As of 04/3/2020 04:00 PM ET)
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Today's Range
$8.89
Now: $9.13
$9.73
50-Day Range
$8.08
MA: $15.03
$19.17
52-Week Range
$7.90
Now: $9.13
$19.33
Volume5.42 million shs
Average Volume8.54 million shs
Market Capitalization$3.94 billion
P/E Ratio4.91
Dividend Yield16.58%
Beta1.06
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.58 out of 5 stars


Industry, Sector and Symbol

Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:ARCC
CUSIP04010L10
Phone212-750-7300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.53 billion
Cash Flow$1.85 per share
Book Value$17.48 per share

Profitability

Net Income$793 million

Miscellaneous

EmployeesN/A
Market Cap$3.94 billion
Next Earnings Date5/5/2020 (Confirmed)
OptionableOptionable

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Ares Capital (NASDAQ:ARCC) Frequently Asked Questions

How has Ares Capital's stock been impacted by COVID-19 (Coronavirus)?

Ares Capital's stock was trading at $15.90 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ARCC stock has decreased by 42.6% and is now trading at $9.13. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ares Capital?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Capital in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ares Capital.

When is Ares Capital's next earnings date?

Ares Capital is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Ares Capital.

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

Ares Capital will be holding an earnings conference call on Tuesday, May 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Ares Capital's earnings last quarter?

Ares Capital Co. (NASDAQ:ARCC) announced its quarterly earnings data on Wednesday, February, 12th. The investment management company reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.45. The investment management company earned $386 million during the quarter, compared to analyst estimates of $387.39 million. Ares Capital had a return on equity of 10.89% and a net margin of 51.90%. During the same quarter last year, the company earned $0.45 earnings per share. View Ares Capital's earnings history.

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

Ares Capital declared a quarterly dividend on Wednesday, February 12th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.40 per share on Tuesday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 17.52%. The ex-dividend date is Friday, March 13th. View Ares Capital's dividend history.

What price target have analysts set for ARCC?

7 brokerages have issued 1-year target prices for Ares Capital's shares. Their forecasts range from $15.00 to $20.00. On average, they anticipate Ares Capital's stock price to reach $19.08 in the next year. This suggests a possible upside of 109.0% from the stock's current price. View analysts' price targets for Ares Capital.

What are Wall Street analysts saying about Ares Capital stock?

Here are some recent quotes from research analysts about Ares Capital stock:
  • 1. According to Zacks Investment Research, "Shares of Ares Capital have outperformed the industry over the past six months. The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters. Its second-quarter 2019 results benefited from improvement in total investment income and solid portfolio activity, partly offset by higher costs. The company's investment income growth is expected to continue in the near term, driven by regulatory changes and rise in demand for customized financing. Moreover, rise in investment commitments will likely continue to support revenues. However, continuously increasing expenses (mainly due to the company’s expansion strategy) are expected to hurt bottom-line growth to some extent in the near term. Moreover, the presence of high levels of debt remains a major concern for the company as it might hurt financials." (8/26/2019)
  • 2. National Securities analysts commented, "▪ Ares had extremely robust originations during the 3/31/19 quarter with over $1.95 billion of gross commitments versus $1.35 billion of exits, bringing the total portfolio at fair value to $13.06 billion from $12.42 billion Q/Q.
    ▪ The strong portfolio growth for ARCC also drove a significant core NII/share beat of $0.48 versus our estimate of $0.42. Notably, the heavy origination volume drove capital structuring service fees of $45.0mm on the quarter compared to our estimate of $26.7mm. Through 4/24 ARCC had $183mm of commitments compared to exits and repayments of $747mm with a backlog of $1.1 billion and pipeline of $195mm.
    ▪ While a platform the size of Ares really only needs one large deal to close for a big increase in commitments, we do expect origination volume to slow Q/Q for the 6/30/19 quarter. As a result, we think structuring fees and earnings will come down a bit but still remain comfortably above the $0.42/share of total dividends (two cents per share supplemental and forty cents regular).
    ▪ Management reiterated that they expect Ares to benefit from any credit dislocation by means of winning market share from weaker market participants. We tend to agree with this sentiment and expect that ARCC’s underwriting will enable them to withstand a slowing economy or a general pickup in defaults, both of which we think will materialize through 2019.
    ▪ We are revising our 2019 core NII/share estimate to $1.83 from $1.75 and our 2020 core NII/share estimate to $1.80 from $1.78." (5/1/2019)

Has Ares Capital been receiving favorable news coverage?

News headlines about ARCC stock have been trending very negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news 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 positive five, with scores nearest to five being the most favorable. Ares Capital earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned headlines about the investment management company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutAres Capital.

Who are some of Ares Capital's key competitors?

What other stocks do shareholders of Ares Capital own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ares Capital investors own include AT&T (T), Energy Transfer LP Unit (ET), New Residential Investment (NRZ), Enterprise Products Partners (EPD), ANNALY CAP MGMT/SH (NLY), Cisco Systems (CSCO), AGNC Investment (AGNC), AbbVie (ABBV), Verizon Communications (VZ) and Intel (INTC).

Who are Ares Capital's key executives?

Ares Capital's management team includes the following people:
  • Mr. Michael J. Arougheti, Exec. VP & Co-Chairman (Age 47)
  • Mr. Bennett Rosenthal, Co-Founder and Co-Chairman (Age 56)
  • Mr. Robert Kipp DeVeer III, CEO & Director (Age 46)
  • Mr. Mitchell S. Goldstein CPA, CPA, Co-Pres (Age 52)
  • Mr. Michael Lewis Smith, Co-Pres (Age 48)

What is Ares Capital's stock symbol?

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

Who are Ares Capital's major shareholders?

Ares Capital's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include First National Bank of Mount Dora Trust Investment Services (0.00%) and M&R Capital Management Inc. (0.00%). Company insiders that own Ares Capital stock include Bates Ann Torre, Daniel G Kelly, Jr, Eric B Siegel, Penelope F Roll, R Kipp Deveer, Steve Bartlett and Steven B Mckeever. View institutional ownership trends for Ares Capital.

Which institutional investors are buying Ares Capital stock?

ARCC stock was purchased by a variety of institutional investors in the last quarter, including First National Bank of Mount Dora Trust Investment Services, and M&R Capital Management Inc.. Company insiders that have bought Ares Capital stock in the last two years include Bates Ann Torre, Daniel G Kelly, Jr, Eric B Siegel, Penelope F Roll, R Kipp Deveer, Steve Bartlett, and Steven B Mckeever. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Ares Capital's stock price today?

One share of ARCC stock can currently be purchased for approximately $9.13.

How big of a company is Ares Capital?

Ares Capital has a market capitalization of $3.94 billion and generates $1.53 billion in revenue each year. The investment management company earns $793 million in net income (profit) each year or $1.89 on an earnings per share basis.  View additional information about Ares Capital.

What is Ares Capital's official website?

The official website for Ares Capital is http://www.arescapitalcorp.com/.

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]

This page was last updated on 4/4/2020 by MarketBeat.com Staff

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