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Ares Capital Corporation - ARCC STOCK NEWS

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.

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Ares Capital (NASDAQ: ARCC) will release its earnings report for the second quarter ending June 30, 2024, on July 30, 2024, before the Nasdaq Global Select Market opens.

There will be a webcast and conference call at 10:00 a.m. Eastern Time that day to discuss the financial results. Interested parties can join via a live webcast on the Investor Resources section of Ares Capital's website or by calling the provided toll-free and international numbers. An archived replay will be available one hour post-call through August 30, 2024.

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Ares Capital (ARCC) will host an Investor Day on May 21, 2024, via a live video stream where the senior leadership team will provide business updates and outlook. The event will commence at 1:15 p.m. ET. Interested individuals can register on the company's website to access the presentation and stream, with a replay available afterward.

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Ares Capital (ARCC) has priced a public offering of $850 million 5.950% unsecured notes due 2029. The notes mature on July 15, 2029, with options for redemption. Various institutions are involved in managing the offering. The proceeds will be used to repay existing debt and for general corporate purposes, including investments in portfolio companies.

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Ares Capital announced its Q1 2024 financial results with a dividend of $0.48 per share for Q2 2024. The company reported a strong start to the year with increased earnings, low non-accruals, and moderate leverage. Ares Capital made $3.6 billion in new investment commitments in Q1 2024 and continues to support growth in existing portfolio companies. The company remains well-positioned with available capital and competitive advantages.

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Ares Capital (ARCC) will report earnings for Q1 2024 on May 1, 2024, inviting all interested parties to join the webcast/conference call to discuss financial results. The call details, including webcast link and dial-in numbers, are provided for domestic and international participants. An archived replay will be available for those unable to attend.
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Ares Capital Corporation (ARCC) executives to present at Raymond James 45th Annual Institutional Investors Conference. Live audio webcast and replay available on the company's website.
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Ares Capital Corporation (ARCC) announces Co-President's presentation at RBCCM Global Financial Institutions Conference. Live webcast available on March 6, 2024, at 2:40pm ET.
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Ares Capital Corporation (ARCC) CEO to present at UBS Financial Services Conference on February 27, 2024. Live audio webcast and replay available on the company's website.
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Ares Capital Corporation (ARCC) announced that Co-President Kort Schnabel will present at the BofA Securities Financial Services Conference on February 21, 2024. A live audio webcast will be available on the company's website.
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Ares Capital Corporation (ARCC) declared a first quarter 2024 dividend of $0.48 per share, payable on March 29, 2024. The company's Q4-23 financial results show GAAP net income per share of $0.72, with a total amount of $413 million, and a debt/equity ratio of 1.07x. Ares Capital also strengthened its liquidity by raising $1.3 billion of unsecured notes on market-leading terms.
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FAQ

What does Ares Capital Corporation do?

Ares Capital Corporation is a specialty finance company that provides direct loans and other financial solutions to private middle-market companies in the U.S. Its goal is to generate current income and capital appreciation through a diverse portfolio of debt and equity investments.

What types of investments does ARCC make?

ARCC invests in first lien senior secured loans, second lien senior secured loans, mezzanine debt, and occasionally preferred and common equity investments. These investments are diversified across various industries and sectors.

How does ARCC generate revenue?

Ares Capital Corporation primarily generates revenue through interest and dividend income from its investments in debt and equity of middle-market companies.

What is the significance of ARCC being a Business Development Company (BDC)?

As a BDC, Ares Capital is subject to regulatory requirements designed to protect investors. This status allows the company to provide capital to middle-market companies while offering attractive returns to its shareholders.

Who manages Ares Capital Corporation?

Ares Capital is externally managed by a subsidiary of Ares Management Corporation, a leading global alternative investment manager.

When is ARCC's next earnings report scheduled?

Ares Capital Corporation will report its third-quarter earnings for 2023 on October 24, 2023. The company will also host a webcast/conference call on the same day.

What are the recent highlights for Ares Capital Corporation?

Recent highlights include Ares Capital being featured as an undervalued stock by BetterInvesting Magazine and the upcoming third-quarter earnings report for 2023.

How can I participate in ARCC's earnings call?

Interested parties can join the earnings call via telephone or live webcast. Details are available on the Investor Resources section of the company's official website.

What industries does ARCC invest in?

Ares Capital Corporation invests in a wide range of industries and sectors, ensuring a well-diversified portfolio that mitigates risk and captures opportunities across different market segments.

Where can I find more information about Ares Capital Corporation?

More information about Ares Capital Corporation can be found on their official website, particularly in the Investor Resources section.

Ares Capital Corporation

Nasdaq:ARCC

ARCC Rankings

ARCC Stock Data

12.73B
607.76M
0.58%
29.19%
2.71%
Securities and Commodity Exchanges
Finance and Insurance
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United States of America
NEW YORK