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) will report its earnings for Q1 2021 on April 28, 2021, before the Nasdaq opens. A conference call and webcast will be held at 11:00 a.m. ET on the same day to discuss the financial results. Ares Capital focuses on providing direct loans and investments in middle market companies in the U.S., aiming to generate income and capital appreciation. As of March 31, 2021, it is the largest business development company by market capitalization. Risks include COVID-19 impacts and market volatility affecting performance.
Ares Capital Corporation (NASDAQ:ARCC) announced that CEO Kipp deVeer will present at the 2021 RBC Capital Markets Financial Institutions Conference on March 9, 2021, at 4:00 pm EST. A live audio webcast will be available on the company’s website for those interested. Established in 2004, Ares Capital is a premier specialty finance company focusing on direct loans to private middle market companies in the U.S., aiming to deliver attractive income and capital appreciation for investors.
Ares Capital Corporation (Nasdaq: ARCC) has announced a public offering of 13,500,000 shares of its common stock, with an option for underwriters to purchase an additional 2,025,000 shares. The offering is registered under a shelf registration statement effective since September 16, 2020. Proceeds from the offering will be utilized to repay outstanding debt, with potential reborrowing for general corporate purposes. The offering is managed by BofA Securities, Morgan Stanley, and Wells Fargo.
Ares Capital Corporation has announced a dividend of $0.40 per share for Q1 2021, payable on March 31, 2021. For the fourth quarter ended December 31, 2020, the company reported GAAP net income of $378 million ($0.89 per share) and Core EPS of $0.54. The total assets reached $16.2 billion, with a portfolio fair value of $15.5 billion. Ares Capital made significant new investment commitments totaling $3.9 billion in Q4 2020, with a weighted average yield of 8.0%. Despite challenges from the COVID-19 pandemic, the firm maintains a strong investment portfolio and balance sheet.
Ares Capital Corporation (NASDAQ:ARCC) announced the tax treatment of its 2020 common stock distributions. The total distribution paid per share is $1.60, with ordinary income at $0.4000 per share for each quarter. The record dates and payable dates for distributions are provided, with a notable ordinary income rate of up to 90.3327%. None of the distributions qualify as capital gain dividends. The press release emphasizes the importance of consulting tax advisors for individualized guidance.
Ares Capital Corporation (NASDAQ: ARCC) will report its earnings for the fourth quarter and fiscal year ended December 31, 2020 on February 10, 2021, before the Nasdaq opens. The company invites all interested parties to its webcast/conference call at 12:00 p.m. (ET) to discuss the financial results. Ares Capital is a leading specialty finance company focused on providing debt and equity financing to U.S. middle market firms and power generation projects. It is the largest business development company by market capitalization.
Ares Capital Corporation (Nasdaq: ARCC) has announced a public offering of $650.0 million in 2.150% notes due 2026, set to mature on July 15, 2026. These notes can be redeemed at Ares Capital's option, subject to a make-whole premium. The offering is managed by major financial institutions and is expected to close on January 13, 2021, pending regulatory approval. The proceeds will primarily be utilized to pay down existing debt, supporting Ares Capital's investment objectives focused on middle-market companies and power generation projects.
Ares Capital Corporation (NASDAQ: ARCC) announced that CEO Kipp deVeer will present at Fitch Ratings’ Inaugural Business Development Company Virtual Conference on November 18, 2020, at 1:00 pm EST. A live audio webcast of the presentation will be accessible via the Investor Resources section of the company’s website. For those unable to attend live, a replay will be available post-event. Ares Capital is the largest business development company by market capitalization and focuses on providing debt and equity financing solutions to U.S. middle market companies.
Ares Capital Corporation (NASDAQ:ARCC) declared a fourth quarter dividend of $0.40 per share, payable on December 30, 2020. For Q3 2020, the company reported GAAP net income of $441 million or $1.04 per share, with a Core EPS of $0.39. Total assets reached $15 billion, while stockholders’ equity was $7 billion. The firm made new investment commitments of $706 million during the quarter, focusing primarily on first lien senior secured loans. Despite challenges from the COVID-19 pandemic, Ares Capital remains focused on maintaining a strong balance sheet.
FAQ
What is the current stock price of Ares Capital Corporation (ARCC)?
What is the market cap of Ares Capital Corporation (ARCC)?
What does Ares Capital Corporation do?
What types of investments does ARCC make?
How does ARCC generate revenue?
What is the significance of ARCC being a Business Development Company (BDC)?
Who manages Ares Capital Corporation?
When is ARCC's next earnings report scheduled?
What are the recent highlights for Ares Capital Corporation?
How can I participate in ARCC's earnings call?
What industries does ARCC invest in?
Where can I find more information about Ares Capital Corporation?
