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 news coverage focuses on quarterly earnings reports that detail net investment income, portfolio performance, and distribution announcements critical to income investors. As one of the largest business development companies, ARCC's financial results and management commentary provide insight into middle-market lending conditions and private credit markets.
The company generates news through dividend declarations, which occur quarterly as required by BDC regulations mandating distribution of substantially all taxable income. Coverage also includes portfolio activity announcements, new investment originations, and exits from mature positions. These developments reveal how the company deploys capital across industries and economic cycles.
Investor presentations and conference participation produce news about Ares Capital's investment strategy, market outlook, and portfolio credit quality. Management discusses factors affecting net asset value, including fair value adjustments and portfolio company performance trends. This commentary helps investors understand how economic conditions impact the middle-market lending environment.
Bond issuances and credit facility amendments generate coverage of the company's funding strategy and cost of capital. As a leveraged investment vehicle, Ares Capital's ability to access attractively priced debt financing directly affects returns on shareholder equity. News about rating agency actions and refinancing activity provides context on the company's financial flexibility and leverage management.
Ares Capital Corporation (NASDAQ: ARCC) has announced a public offering of 8,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,200,000 shares. The offering will utilize Ares Capital's shelf registration statement effective since June 3, 2021. The net proceeds will be used to repay outstanding debt, with potential re-borrowing for general corporate purposes. This offering may impact existing shareholders due to dilution. Major banks involved include Morgan Stanley, BofA Securities, and UBS Investment Bank.
Ares Capital Corporation (NASDAQ: ARCC) has appointed Kort Schnabel as Co-President, while Michael Smith transitions to the Board of Directors. Schnabel, a longstanding member of Ares since 2001, was pivotal in the firm's U.S. direct lending strategy. CEO Kipp deVeer emphasizes Schnabel's critical role in the company’s growth. The Board welcomes Smith, highlighting his contributions since Ares’ 2004 IPO, during which the company has achieved nearly double the stock-based returns of the S&P 500. Ares Capital focuses on private middle-market investments to generate attractive returns.
Ares Capital Corporation (NASDAQ: ARCC) declared a fourth quarter dividend of $0.48 per share, payable on December 29, 2022, with record date on December 15, 2022. The company reported a Q3 2022 core EPS of $0.50, up from $0.47 in Q3 2021, while GAAP net income per share decreased to $0.21 from $0.73. Total net investment income was $288 million, compared to $184 million year-over-year. Ares capital made new investment commitments of $2.2 billion in Q3 2022, indicating strong activity despite market conditions.
Ares Capital Corporation (NASDAQ: ARCC) will report its third quarter earnings for the period ending
Ares Capital Corporation (NASDAQ: ARCC) has announced a public offering of 8,000,000 shares of common stock, with an option for underwriters to purchase an additional 1,200,000 shares. The offering will utilize the company's shelf registration statement filed with the SEC on June 3, 2021. Proceeds from the offering are intended to repay certain outstanding debts, with potential reborrowing for general corporate purposes. Investors should review the preliminary prospectus and accompanying prospectus for comprehensive details on investment objectives and associated risks.
Ares Capital Corporation (NASDAQ: ARCC) declared a third-quarter dividend of $0.43 per share, payable on September 30, 2022. This follows a previously declared $0.03 additional dividend. For Q2 2022, Ares reported a core EPS of $0.46, down from $0.53 in Q2 2021. GAAP net income per share also decreased to $0.22 compared to $1.09 year-over-year. Total portfolio investments rose to $21.17 billion, while GAAP net income dropped to $111 million. The debt/equity ratio stood at 1.27x, indicating stable leverage. Ares anticipates increased earnings from rising interest rates.
Ares Capital Corporation (NASDAQ: ARCC) will report its second-quarter earnings for the period ending June 30, 2022, on July 26, 2022, before the market opens. A conference call will follow at 12:00 p.m. ET to discuss the financial results. Interested participants can join via telephone or a live webcast, accessible through Ares Capital’s website. The earnings announcement will reflect the company's ongoing focus on investing in private middle-market firms and aims to provide insights into its financial performance.
Ares Capital Corporation (NASDAQ: ARCC) declared a Q2 dividend of $0.42 per share, payable on June 30, 2022. Additionally, an extra dividend of $0.03 will also be distributed on the same date, already approved on February 9, 2022. For Q1 2022, Ares reported a core EPS of $0.42 and GAAP net income per share of $0.44, down from $0.43 and $0.87 in Q1 2021, respectively. Net investment income rose to $198 million. As of March 31, 2022, total portfolio investments stood at $19.486 billion, with a debt/equity ratio of 1.13x.
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