Ares Capital (ARCC)
(Real Time Quote from BATS)
$20.67 USD
+0.06 (0.29%)
Updated Sep 23, 2024 10:24 AM ET
3-Hold of 5 3
D Value F Growth A Momentum F VGM
Company Summary
Incorporated in Maryland, Ares Capital Corporation is a specialty finance company, which primarily invests in U.S. middle-market companies (firms having annual earnings in the range of $10-$250 million). Here, annual earnings refer to earnings that are calculated before deducting interest, taxes, and depreciation and amortization expenses.
Ares Capital, founded in April 2004, completed its initial public offering in October 2004.
Ares Capital's investments in corporate borrowers generally range from $30 to $500 million while investment in power generation projects ranges from $10 to $200 million. The company offers customized financing solutions, ranging from senior-debt instruments to ...
Company Summary
Incorporated in Maryland, Ares Capital Corporation is a specialty finance company, which primarily invests in U.S. middle-market companies (firms having annual earnings in the range of $10-$250 million). Here, annual earnings refer to earnings that are calculated before deducting interest, taxes, and depreciation and amortization expenses.
Ares Capital, founded in April 2004, completed its initial public offering in October 2004.
Ares Capital's investments in corporate borrowers generally range from $30 to $500 million while investment in power generation projects ranges from $10 to $200 million. The company offers customized financing solutions, ranging from senior-debt instruments to equity capital, with a focus on senior secured debt.
As of Jun 30, 2024, Ares Capital had 24.2% of its investment portfolio in software & services and 12.6% in health care services. Other major investment areas were commercial & professional services (10.6%), financial services (10.3%) and insurance services (5.3%).
Ares Capital is structured as a non-diversified closed-end management investment company, regulated as a business development company (“BDC”) under the Investment Company Act of 1940. It is treated as a regulated investment company (“RIC”) for income-tax purposes. As a BDC, it is required to invest at least 70% of its assets in private or thinly traded public companies. To maintain its RIC status, Ares Capital must distribute the majority of its investment income.
In 2017, Ares Capital had acquired American Capital in a cash and stock deal.
As of Jun 30, 2024, Ares Capital had total investments (fair value) of $25 billion, total assets of $26.1 billion and a net asset value of $19.61 per share.
General Information
Ares Capital Corporation
245 PARK AVENUE 44TH FLOOR
NEW YORK, NY 10167
Phone: 212-750-7300
Fax: 212-750-1777
Web: http://www.arescapitalcorp.com
Email: irarcc@aresmgmt.com
Industry | Financial - SBIC & Commercial Industry |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 10/22/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.59 |
Current Year EPS Consensus Estimate | 2.39 |
Estimated Long-Term EPS Growth Rate | NA |
Exp Earnings Date | 10/22/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 20.61 |
52 Week High | 21.84 |
52 Week Low | 18.55 |
Beta | 1.01 |
20 Day Moving Average | 3,612,276.50 |
Target Price Consensus | 21.97 |
4 Week | -1.48 |
12 Week | -1.10 |
YTD | 2.90 |
4 Week | -2.66 |
12 Week | -5.30 |
YTD | -13.93 |
Shares Outstanding (millions) | 630.39 |
Market Capitalization (millions) | 12,992.27 |
Short Ratio | NA |
Last Split Date | NA |
Dividend Yield | 9.32% |
Annual Dividend | $1.92 |
Payout Ratio | 0.79 |
Change in Payout Ratio | -0.07 |
Last Dividend Payout / Amount | 9/12/2024 / $0.48 |
Fundamental Ratios
P/E (F1) | 8.61 |
Trailing 12 Months | 8.52 |
PEG Ratio | NA |
vs. Previous Year | 5.17% |
vs. Previous Quarter | 3.39% |
vs. Previous Year | 19.09% |
vs. Previous Quarter | 7.70% |
Price/Book | 1.05 |
Price/Cash Flow | 8.57 |
Price / Sales | 4.61 |
6/30/24 | 12.24 |
3/31/24 | 12.37 |
12/31/23 | 12.50 |
6/30/24 | 5.83 |
3/31/24 | 5.87 |
12/31/23 | 5.84 |
6/30/24 | 1.40 |
3/31/24 | 1.63 |
12/31/23 | 1.24 |
6/30/24 | 1.40 |
3/31/24 | 1.63 |
12/31/23 | 1.24 |
6/30/24 | 50.22 |
3/31/24 | 50.74 |
12/31/23 | 50.71 |
6/30/24 | 59.76 |
3/31/24 | 62.77 |
12/31/23 | 58.22 |
6/30/24 | 48.86 |
3/31/24 | 48.13 |
12/31/23 | 49.20 |
6/30/24 | 19.61 |
3/31/24 | 19.53 |
12/31/23 | 19.67 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 1.05 |
3/31/24 | 0.99 |
12/31/23 | 1.06 |
6/30/24 | 51.24 |
3/31/24 | 49.70 |
12/31/23 | 51.55 |