Ares Capital Stock Price, News & Analysis

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.

Ares Capital Corporation (NASDAQ:ARCC) has announced the tax treatment of its 2022 common stock distributions. The record date for the distributions was March 15, 2022, with a payable date of March 31, 2022. A total of $1.8700 was paid per share, with ordinary income of $1.73809 and interest-related dividends at $0.05824. On June 15, September 15, and December 15, 2022, further distributions were announced, with totals of $0.4500, $0.4600, and $0.5100 per share, respectively. Notably, 100% of the dividends paid per share qualify as ordinary income, with no capital gain dividends. Investors are advised to consult tax professionals regarding specifics.

Ares Capital Corporation (NASDAQ: ARCC) appointed Jana Markowicz as its Chief Operating Officer (COO). This position is newly created, and she will also serve as COO for Ares Management's U.S. Direct Lending strategy. Markowicz has been with Ares since 2005 and has played a significant role in the growth of its Direct Lending strategy. Kipp deVeer, CEO of Ares Capital, expressed confidence that her leadership will enhance their market position and long-term value for shareholders. Ares Capital is a leading specialty finance company focused on private middle market companies in the U.S.