Welcome to our dedicated page for Ares Capital news (Ticker: ARCC), a resource for investors and traders seeking the latest updates and insights on Ares Capital stock.
Ares Capital Corporation reports recurring developments as a closed-ended specialty finance company focused on debt and equity investments. Its investment activity centers on first lien senior secured loans, including unitranche loans, second lien senior secured loans, subordinated loans, preferred equity and common equity investments.
Company news commonly covers quarterly operating and financial results, dividend declarations, portfolio investments at fair value, net asset value, leverage measures, new investment commitments, credit performance and non-accruing investments. Ares Capital also publishes tax reporting information for common stock distributions and schedules earnings releases and conference calls around its reporting cycle.
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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.