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Best In Class Specialty Finance Company Offers 9.6% Yield Plus 15% Upside Potential [Seeking Alpha]

ARES CAPITAL (ARCC)  More Company Research Source: Seeking Alpha
Last ares capital earnings: 8/1 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: arescapitalcorp-ir.com
PDF Best In Class Specialty Finance Company Offers 9.6% Yield Plus 15% Upside PotentialSummaryARCC is a leading specialty finance company that is uniquely positioned as the largest BDC catering to the financing needs of middle market companies.$12.3 billion in assets and equity market capitalization of $6.8 billion provides ARCC significant benefits, diversification, direct loan origination and market access not available to most BDCs.ARCC closed its acquisition of ACAS on 1/3/17. Through 12/31/17, ARCC has net realized and unrealized gains of $269 million on the $2.5 billion of investments acquired in the acquisition.ARCC has an asset sensitive balance sheet - its net income will increase as interest rates rise. An increase of 1.0% in interest rates could increase EPS by $0.17 per share.Currently trading at $15.90 (95% of NAV), ARCC should easily trade at a 10% premium to NAV - implying a price above $18.00 per share - an approximately 15% gain to its current share price. [Read more]

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