Welcome to our dedicated page for Ares Capital Corporation news (Ticker: ARCC), a resource for investors and traders seeking the latest updates and insights on Ares Capital Corporation stock.
Ares Capital Corporation (NASDAQ: ARCC) is a prominent specialty finance company based in the United States, uniquely positioned to meet the distinct and underserved financing needs of private middle-market companies. Established in 2004, Ares Capital focuses on generating both current income and capital appreciation through a diverse portfolio of debt and equity investments.
The company primarily invests in U.S. middle-market companies but also explores opportunities with larger firms. Its investment portfolio includes first lien senior secured loans, second lien senior secured loans, mezzanine debt (subordinated unsecured loans), and occasionally, preferred and common equity investments. These investments are spread across various industries and sectors, ensuring a well-diversified portfolio.
Ares Capital's core business revolves around providing direct loans and other financial solutions to high-quality borrowers who require capital to achieve their business objectives. This often contributes to economic growth and job creation. The company leverages its extensive direct origination capabilities and strong relationships with incumbent borrowers to source and underwrite primarily senior secured loans, as well as subordinated debt and equity investments.
As a Business Development Company (BDC), Ares Capital is subject to regulatory requirements designed to protect investors. It is the largest publicly traded BDC by market capitalization as of the latest updates. The company is externally managed by a subsidiary of Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager.
Recent updates include the announcement of Ares Capital's third-quarter earnings report for 2023, scheduled for release on October 24, 2023. The company invites interested parties to join a webcast/conference call on the same day. Furthermore, Ares Capital has been highlighted as an undervalued stock by BetterInvesting Magazine's January 2024 issue.
For more detailed information and to stay updated with the latest developments, visit the Investor Resources section on their official website.
Ares Capital Corporation (NASDAQ: ARCC) announced a second quarter 2023 dividend of $0.48 per share, payable on June 30, 2023. The company reported strong Q1 2023 financial results, with core EPS of $0.57, up over 35% year-over-year. GAAP net income per share was $0.52 compared to $0.44 in Q1 2022. As of March 31, 2023, total assets were $21.8 billion with a net debt to equity ratio of 1.12x. Ares Capital made new investment commitments of $766 million while exiting $1.9 billion of commitments, primarily in floating rate securities. The firm emphasized its strong balance sheet and liquidity, with $359 million in cash and $4.4 billion available for additional borrowings. A stock repurchase program has been authorized to buy back up to $1 billion of its common stock.
Ares Capital Corporation (NASDAQ: ARCC) will report its first quarter earnings for the period ending March 31, 2023, on April 25, 2023, before the Nasdaq market opens. A conference call will occur at 11:00 a.m. ET to discuss the financial results. Interested participants can join via telephone or a live webcast available on Ares Capital's Investor Resources section. The company, founded in 2004, focuses on direct loans and investments in private middle market companies in the U.S. It is the largest publicly traded business development company (BDC) by market capitalization as of March 31, 2023.
Ares Capital Corporation (NASDAQ:ARCC) announced that Co-President Kort Schnabel will present at the 2023 RBC Capital Markets Global Financial Institutions Conference on March 8, 2023, at 2:40 PM ET. Investors can access a live audio webcast of the presentation on the company's website, with a replay available shortly after. Ares Capital, established in 2004, focuses on providing loans and investments to private middle-market companies in the U.S., aiming to generate attractive income and capital appreciation for investors. It is the largest publicly traded business development company (BDC) by market capitalization as of December 31, 2022.
Ares Capital Corporation (NASDAQ:ARCC) announced that Co-President Kort Schnabel and CFO Penni Roll will present at the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023, at 10:25 AM ET. Investors can access a live audio webcast in the Investor Resources section of Ares Capital's website, with a replay available shortly after the event. Founded in 2004, Ares Capital is a leading specialty finance company focused on direct loans and investments in U.S. private middle market companies, aiming to generate attractive income and potential capital appreciation for investors.
Ares Capital Corporation (NASDAQ:ARCC) announces that CEO Kipp deVeer will present at the BofA Securities 2023 Financial Services Conference on February 15, 2023, at 3:20 pm ET. A live audio webcast will be available on the company's website, with a replay accessible afterward.
Founded in 2004, Ares Capital specializes in providing direct loans and investments to middle-market companies in the U.S., aiming to drive economic growth. As the largest publicly traded business development company by market capitalization as of December 31, 2022, Ares Capital focuses on senior secured loans and equity investments, managed by Ares Management Corporation.
Ares Capital Corporation (NASDAQ: ARCC) has declared a first quarter 2023 dividend of $0.48 per share, payable on March 31, 2023. For the fourth quarter of 2022, Ares reported a core EPS of $0.63 and GAAP net income per share of $0.34, down from $0.83 in Q4-21. The company's total assets grew to $22.4 billion, with a portfolio at fair value of $21.8 billion. Ares Capital made new investment commitments of $2.5 billion in Q4-22, focusing 61% on first lien senior secured loans. The firm ended the year with $303 million in cash and a debt/equity ratio of 1.29, indicating stable financial health.
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